XML 33 R22.htm IDEA: XBRL DOCUMENT
v3.22.2

RETIREMENT BENEFIT PLANS | 6 Months Ended
--- | ---
Jun. 30, 2022
Retirement Benefits [Abstract] |
RETIREMENT BENEFIT PLANS | RETIREMENT BENEFIT PLANS The Company has a number of defined benefit pension plans and other postemployment benefit plans covering eligible salaried and hourly employees and their dependents. The estimated contributions to the Company's defined benefit pension plans for 2022 range from $20 million to $30 million, of which $14 million has been contributed through the first six months of the year. The other postemployment benefit plans, which provide medical and life insurance benefits, are funded on a pay-as-you-go basis. The components of net periodic benefit income recorded in the Condensed Consolidated Statements of Operations are as follows:
|  | Pension benefits |  | Other postemployment benefits
(in millions) |  | 2022 |  | 2021 |
Three Months Ended June 30, |  | US |  | Non-US |  | US |  | Non-US |  | 2022 |  | 2021
Service cost |  | $ | — |  |  | $ | 5 |  |  | $ | — |  |  | $ | 7 |  |  | $ | — |  |  | $ | — |
Interest cost |  | 1 |  |  | 9 |  |  | — |  |  | 7 |  |  | — |  |  | — |
Expected return on plan assets |  | (1) |  |  | (20) |  |  | (2) |  |  | (21) |  |  | — |  |  | — |
Amortization of unrecognized prior service credit |  | — |  |  | — |  |  | — |  |  | — |  |  | (1) |  |  | (1) |
Amortization of unrecognized loss |  | 1 |  |  | 2 |  |  | — |  |  | 4 |  |  | — |  |  | 1 |
Net periodic benefit income |  | $ | 1 |  |  | $ | (4) |  |  | $ | (2) |  |  | $ | (3) |  |  | $ | (1) |  |  | $ | — |
|  | Pension benefits |  | Other postemployment benefits
(in millions) |  | 2022 |  | 2021 |
Six Months Ended June 30, |  | US |  | Non-US |  | US |  | Non-US |  | 2022 |  | 2021
Service cost |  | $ | — |  |  | $ | 10 |  |  | $ | — |  |  | $ | 13 |  |  | $ | — |  |  | $ | — |
Interest cost |  | 2 |  |  | 19 |  |  | 1 |  |  | 15 |  |  | — |  |  | — |
Expected return on plan assets |  | (3) |  |  | (40) |  |  | (5) |  |  | (42) |  |  | — |  |  | — |
Settlement loss |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Amortization of unrecognized prior service credit |  | — |  |  | — |  |  | — |  |  | — |  |  | (1) |  |  | (1) |
Amortization of unrecognized loss |  | 1 |  |  | 4 |  |  | 1 |  |  | 7 |  |  | — |  |  | 1 |
Net periodic benefit income |  | $ | — |  |  | $ | (7) |  |  | $ | (3) |  |  | $ | (7) |  |  | $ | (1) |  |  | $ | — |
The components of net periodic benefit income other than the service cost component are included in Other postretirement income in the Condensed Consolidated Statements of Operations.

X
- References No definition available. + Details
Name: | us-gaap_CompensationAndRetirementDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for retirement benefits. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -URI https://asc.fasb.org/extlink&oid=123450688&loc=d3e4179-114921 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section S99 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=21916913&loc=d3e273930-122802 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(i) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (o) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (p) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 70 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=49170846&loc=d3e28014-114942 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI https://asc.fasb.org/topic&trid=2235017 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 60 -Section 50 -Paragraph 3 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=6414203&loc=d3e39689-114964 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(iv)(03) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (q) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (r)(1) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(iii) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (l) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (r)(2) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 + Details
Name: | us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration