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Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2018

Pension Plan

Pension and postretirement benefit plans

Schedule of funded status

		U.S. Plans						Non-U.S. Plans
(in millions)		2018			2017			2018			2017
Benefit obligation
At January 1		$	393		$	367		$	248		$	223
Service cost			6			6			3			3
Interest cost			13			13			10			11
Benefits paid			(26)			(23)			(12)			(12)
Actuarial (gain) loss			(27)			30			(8)			7
Curtailment/settlement/amendments			(2)			—			—			—
Foreign currency translation			—			—			(18)			16
Benefit obligation at December 31		$	357		$	393		$	223		$	248
Fair value of plan assets
At January 1		$	404		$	368		$	235		$	211
Actual return on plan assets			(25)			59			—			17
Employer contributions			2			—			4			5
Benefits paid			(26)			(23)			(12)			(12)
Plan settlements			(2)			—			—			—
Foreign currency translation			—			—			(20)			14
Fair value of plan assets at December 31		$	353		$	404		$	207		$	235
Funded status		$	(4)		$	11		$	(16)		$	(13)

Schedule of amounts recognized in the consolidated balance sheets

		U.S. Plans						Non-U.S. Plans
(in millions)		2018			2017			2018			2017
Non-current asset		$	7		$	23		$	32		$	37
Current liabilities			(1)			(2)			(1)			(1)
Non-current liabilities			(10)			(10)			(47)			(49)
Net asset (liability) recognized		$	(4)		$	11		$	(16)		$	(13)

Schedule of amounts recognized in accumulated other comprehensive loss

		U.S. Plans						Non-U.S. Plans
(in millions)		2018			2017			2018			2017
Net actuarial loss		$	40		$	21		$	57		$	55
Transition obligation			—			—			1			1
Prior service credit			(6)			(6)			(1)			(1)
Net amount recognized		$	34		$	15		$	57		$	55

Schedule of plan obligations and assets for plans with an accumulated benefit obligation in excess of plan assets

		U.S. Plans						Non-U.S. Plans
(in millions)		2018			2017			2018			2017
Projected benefit obligation		$	11		$	12		$	49		$	51
Accumulated benefit obligation			9			11			41			41
Fair value of plan assets			—			—			2			2

Components of net periodic benefit cost

			Year Ended December 31,
			U.S. Plans									Non-U.S. Plans
(in millions)			2018			2017			2016			2018			2017			2016
Service cost			$	6		$	6		$	6		$	3		$	3		$	3
Interest cost				13			13			14			10			11			10
Expected return on plan assets				(21)			(21)			(20)			(9)			(10)			(10)
Amortization of actuarial loss				—			—			1			2			2			2
Amortization of prior service credit				—			(1)			—			—			—			—
Settlement loss				—			—			—			—			—			1
Net periodic benefit cost			$	(2)		$	(3)		$	1		$	6		$	6		$	6

Schedule of amounts recorded in other comprehensive income and net periodic benefit cost

(in millions, pre-tax)		U.S. Plans									Non-U.S. Plans
		2018			2017			2016			2018			2017			2016
Net actuarial loss (gain)		$	19		$	(7)		$	10		$	4		$	(3)		$	6
Prior service credit			—			—			(6)			—			—			(1)
Amortization of actuarial loss			—			—			(1)			(2)			(2)			(2)
Amortization of prior service credit			—			1			—			—			—			—
Total recorded in other comprehensive income			19			(6)			3			2			(5)			3
Net periodic benefit cost			(2)			(3)			1			6			6			6
Total recorded in other comprehensive income and net periodic benefit cost		$	17		$	(9)		$	4		$	8		$	1		$	9

Schedule of weighted average assumptions used to determine the company's obligations

		U.S. Plans				Non-U.S. Plans
		2018		2017		2018		2017
Discount rate		4.38	%	3.70	%	4.33	%	4.02	%
Rate of compensation increase		4.31		4.42		3.63		3.58

Schedule of weighted average assumptions used to determine the company's net periodic benefit cost

		U.S. Plans						Non-U.S. Plans
		2018		2017		2016		2018		2017		2016
Discount rate		3.70	%	4.30	%	4.30	%	4.02	%	4.34	%	4.57	%
Expected long-term return on plan assets		5.30		5.75		5.75		4.31		5.29		5.41
Rate of compensation increase		4.42		4.54		4.71		3.58		3.62		3.73

Schedule of weighted average asset allocation

		U.S. Plans				Non-U.S. Plans
Asset Category		2018		2017		2018		2017
Equity securities		19	%	26	%	16	%	39	%
Debt securities		80		73		64		46
Cash and other		1		1		20		15
Total		100	%	100	%	100	%	100	%

Schedule of fair values of the company's plan assets, by asset category and level

		Fair Value Measurements at December 31,  2018
(in millions)		Level 1			Level 2			Level 3			Total
U.S. Plans:
Equity index:
U.S. (a)		$	—		$	33		$	—		$	33
International (b)			—			35			—			35
Fixed income index:
Long bond  (c)			—			258			—			258
Long government bond (d)			—			24			—			24
Cash  (e)			—			3			—			3
Total U.S. Plans		$	—		$	353		$	—		$	353
Non-U.S. Plans:
Equity index:
U.S. (a)		$	—		$	3		$	—		$	3
Canada (f)			—			13			—			13
International (b)			—			15			—			15
Real estate (g)			—			2			—			2
Fixed income index:
Intermediate bond (h)			—			34			—			34
Long bond (i)			—			99			—			99
Other (j)			—			24			—			24
Cash (e)			2			15			—			17
Total Non-U.S. Plans		$	2		$	205		$	—		$	207

		Fair Value Measurements at December 31,  2017
(in millions)		Level 1			Level 2			Level 3			Total
U.S. Plans:
Equity index:
U.S. (a)		$	—		$	51		$	—		$	51
International (b)			—			55			—			55
Fixed income index:
Long bond  (c)			—			273			—			273
Long govt bond (d)			—			21						21
Cash  (e)			—			4			—			4
Total U.S. Plans		$	—		$	404		$	—		$	404
Non-U.S. Plans:
Equity index:
U.S. (a)		$	—		$	12		$	—		$	12
Canada (f)			—			22			—			22
International (b)			—			52			—			52
Real estate (g)			—			5			—			5
Fixed income index:
Intermediate bond (h)			—			25			—			25
Long bond (i)			—			84			—			84
Other (j)			—			24			—			24
Cash (e)			2			9			—			11
Total Non-U.S. Plans		$	2		$	233		$	—		$	235

(a) This category consists of both passively and actively managed equity index funds that track the return of large capitalization U.S. equities.

(b) This category consists of both passively and actively managed equity index funds that track an index of returns on international developed market equities as well as infrastructure assets.

(c) This category consists of an actively managed fixed income index fund that invests in a diversified portfolio of fixed-income corporate securities with maturities generally exceeding 10 years.

(d) This category consists of an actively managed fixed income index fund that invests in a diversified portfolio of fixed-income U.S. treasury securities with maturities generally exceeding 10 years.

(e) This category represents cash or cash equivalents.

(f) This category consists of an actively managed equity index fund that tracks against an index of large capitalization Canadian equities.

(g) This category consists of an actively managed equity index fund that tracks against real estate investment trusts and real estate operating companies.

(h) This category consists of both passively and actively managed fixed income index funds that track the return of intermediate duration government and investment grade corporate bonds.

(i) This category consists of both passively and actively managed fixed income index funds that track the return of Canada government bonds, investment grade corporate bonds and hedge funds.

(j) This category mainly consists of investment products provided by an insurance company that offers returns that are subject to a minimum guarantee and mutual funds.

Schedule of benefit payments, which reflect anticipated future service, as appropriate and are expected to be made

(in millions)		U.S. Plans			Non-U.S. Plans
2019		$	19		$	11
2020			20			11
2021			22			11
2022			22			12
2023			24			13
Years 2024 - 2028			123			66

Postemployment Retirement Benefits

Pension and postretirement benefit plans

Schedule of funded status

(in millions)		2018			2017
Accumulated postretirement benefit obligation
At January 1		$	70		$	67
Service cost			1			1
Interest cost			3			3
Employee contributions			—			1
Plan curtailments			(1)			—
Actuarial (gain) loss			(2)			2
Benefits paid			(4)			(4)
Foreign currency translation			(3)			—
At December 31			64			70
Fair value of plan assets			—			—
Funded status		$	(64)		$	(70)

Schedule of amounts recognized in the consolidated balance sheets

(in millions)		2018			2017
Current liabilities		$	(4)		$	(4)
Non-current liabilities			(60)			(66)
Net liability recognized		$	(64)		$	(70)

Schedule of amounts recognized in accumulated other comprehensive loss

(in millions)		2018			2017
Net actuarial loss		$	8		$	11
Prior service credit			(4)			(6)
Net amount recognized		$	4		$	5

Components of net periodic benefit cost

			Year Ended December 31,
(in millions)			2018			2017			2016
Service cost			$	1		$	1		$	1
Interest cost				3			3			2
Amortization of prior service credit				(2)			(3)			(2)
Net periodic benefit cost			$	2		$	1		$	1

Schedule of amounts recorded in other comprehensive income and net periodic benefit cost

(in millions, pre-tax)		2018			2017			2016
Net actuarial loss (gain)		$	(3)		$	2		$	2
Amortization of prior service credit			2			3			2
New prior service credit			—			—			—
Total recorded in other comprehensive income			(1)			5			4
Net periodic benefit cost			2			1			1
Total recorded in other comprehensive income and net periodic benefit cost		$	1		$	6		$	5

Schedule of weighted average assumptions used to determine the company's obligations

		2018		2017
Discount rate		5.24	%	4.92	%

Schedule of weighted average assumptions used to determine the company's net periodic benefit cost

		2018		2017		2016
Discount rate		4.93	%	5.46	%	5.30	%

Schedule of assumptions made in measuring the company's postretirement benefit obligation

		U.S.		Canada		Brazil
2018 increase in per capita cost		6.30	%	5.92	%	7.90	%
Ultimate trend		4.50	%	4.00	%	7.90	%
Year ultimate trend reached		2037		2040		2018

Sensitivity to Trend Assumptions

(in millions)		2018
One-percentage point increase in trend rates:
- Increase in service cost and interest cost components		$	1
- Increase in year-end benefit obligations			5
One-percentage point decrease in trend rates:
- Decrease in service cost and interest cost components			1
- Decrease in year-end benefit obligations			7

Schedule of benefit payments, which reflect anticipated future service, as appropriate and are expected to be made

(in millions)
2019		$	4
2020			4
2021			4
2022			5
2023			5
Years 2024 - 2028			23

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