Pensions and Post-Employment Benefits (Tables)

12 Months Ended

Dec. 31, 2020

Schedule Actuarial Results Related to Pension and Other Post Retirement Benefits

For the years ended December 31, 2020, 2019 and 2018, the effects of pension plans and other post-employment benefits are summarized as follows:


		Pensions									Other benefits							Total
Net period cost (income):		2020			2019			2018			2020			2019		2018		2020			2019			2018
Recorded in operating costs and expenses
Service cost	$		10			10			10			2			2		3		12			12			13
Past service cost			(2	)		1			9			1			—		—		(1	)		1			9
Settlements and curtailments			—			(3	)		—			(1	)		—		—		(1	)		(3	)		—

			8			8			19			2			2		3		10			10			22

Recorded in other financial expenses
Net interest cost			28			34			35			5			5		5		33			39			40

Recorded in other comprehensive income
Actuarial (gains) losses for the period			181			203			(176	)		18			7		—		199			210			(176	)

	$		217			245			(122	)		25			14		8		242			259			(114	)

Summary of Actuarial (Gains) Losses

For the years 2020, 2019 and 2018, actuarial (gains) losses for the period were generated by the following main factors as follows:


		2020		2019			2018
Actuarial (gains) losses due to experience	$		1		5			(58	)
Actuarial (gains) losses due to demographic assumptions			18		(11	)		(57	)
Actuarial (gains) losses due financial assumptions			180		216			(61	)

	$		199		210			(176	)

Disclosure of Net Defined Benefit Liability (Asset)

As of December 31, 2020 and 2019, the reconciliation of the actuarial benefits’ obligations and pension plan assets, are presented as follows:


		Pensions						Other benefits						Total
		2020			2019			2020			2019			2020			2019
Change in benefits obligation:
Projected benefit obligation at beginning of the period	$		2,651			2,375			87			79			2,738			2,454
Service cost			10			10			2			2			12			12
Interest cost			70			78			5			5			75			83
Actuarial losses			258			268			18			7			276			275
Additions through business combinations			1			—			—			—			1			—
Settlements and curtailments			—			(3	)		(1	)		—			(1	)		(3	)
Reduction from disposal of assets			—			(2	)		—			—			—			(2	)
Plan amendments			(2	)		1			1			—			(1	)		1
Benefits paid			(140	)		(141	)		(6	)		(7	)		(146	)		(148	)
Foreign currency translation			80			65			(1	)		1			79			66

Projected benefit obligation at end of the period			2,928			2,651			105			87			3,033			2,738

Change in plan assets:
Fair value of plan assets at beginning of the period			1,599			1,486			1			1			1,600			1,487
Return on plan assets			42			44			—			—			42			44
Actuarial gains			77			65			—			—			77			65
Employer contributions			75			103			6			7			81			110
Reduction for disposal of assets			—			(1	)		—			—			—			(1	)
Benefits paid			(140	)		(141	)		(6	)		(7	)		(146	)		(148	)
Foreign currency translation			40			43			—			—			40			43

Fair value of plan assets at end of the period			1,693			1,599			1			1			1,694			1,600

Net projected liability in the statement of financial position	$		1,235			1,052			104			86			1,339			1,138

Summary of Plan Assets Measured at Estimated Fair Value

As of December 31, 2020 and 2019, based on the hierarchy of fair values, plan assets are detailed as follows:


		2020									2019
		Level 1		Level 2		Level 3		Total			Level 1		Level 2		Level 3		Total
Cash	$		44		—		—		44	$		45		16		—		61
Investments in corporate bonds			1		474		—		475			4		396		—		400
Investments in government bonds			86		371		—		457			90		450		—		540

Total fixed-income securities			131		845		—		976			139		862		—		1,001

Investment in marketable securities			341		89		—		430			223		157		—		380
Other investments and private funds			146		55		87		288			46		85		88		219

Total variable-income securities			487		144		87		718			269		242		88		599

Total plan assets	$		618		989		87		1,694	$		408		1,104		88		1,600

Summary of Significant Assumptions Used in the Determination of the Benefit Obligation

The most significant assumptions used in the determination of the benefit obligation were as follows:


	2020								2019
			United		United		Range of rates in				United		United		Rates ranges in
	Mexico		States		Kingdom		other countries		Mexico		States		Kingdom		other countries
Discount rates		7.8%		2.6%		1.5%		0.2% – 9.0%		8.75%		3.6%		2.1%		0.4% – 8.8%
Rate of return on plan assets		7.8%		2.6%		1.5%		0.2% – 9.0%		8.75%		3.6%		2.1%		0.4% – 8.8%
Rate of salary increases		4.5%		—		3.0%		2.3% – 6.8%		4.0%		—		3.0%		2.3% – 6.8%

Schedule of Estimated Payments for Pensions and Other Post-Employment Benefits

As of December 31, 2020, estimated payments for pensions and other post-employment benefits over the next 10 years were as follows:


		Estimated payments
2021	$		157
2022			144
2023			144
2024			144
2025 – 2030			868

Aggregate Projected Benefit Obligation for Pension Plans and Other Post-Employment Benefits and the Plan Assets by Country

As of December 31, 2020 and 2019, the aggregate projected benefit obligation (“PBO”) for pension plans and other post-employment benefits and the plan assets by country were as follows:


		2020							2019
		PBO		Assets		Deficit			PBO		Assets		Deficit
Mexico	$		216		29		187	$		203		24		179
United States			305		222		83			297		219		78
United Kingdom 1			1,925		1,214		711			1,681		1,128		553
Germany			219		8		211			204		9		195
Other countries			368		221		147			353		220		133

	$		3,033		1,694		1,339	$		2,738		1,600		1,138