Retirement and Deferred Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2020



	As of or For the Years Ended December 31,
	2020			2019			2020			2019

							Other Postretirement
	Pension Plans						Benefit Plans
Fair value of plan assets	$	1,670		$	1,520		$	66		$	69
Projected benefit obligation		1,698			1,646			79			78
Funded status	$	(28	)	$	(126	)	$	(13	)	$	(9	)

Amounts Recognized on the
Consolidated Balance Sheets
Other assets	$	88		$	12		$	-		$	-
Other liabilities		(116	)		(138	)		(13	)		(9	)
Net amount recognized	$	(28	)	$	(126	)	$	(13	)	$	(9	)

Weighted-Average Assumptions
Benefit obligations:
Weighted-average discount rate		2.58%			3.14%			2.96%			3.50%
Net periodic benefit cost:
Weighted-average discount rate		3.12%			4.10%			3.50%			4.50%
Expected return on plan assets		6.10%			6.48%			6.50%			6.50%



	As of December 31,
	2020		2019

Fixed maturity securities:
Corporate bonds	$	320	$	274
U.S. government bonds		246		280
Foreign government bonds		138		67
State and municipal bonds		29		29
Limited partnerships and common and
preferred stock		671		599
Bulk annuity insurance policy		178		165
Cash and invested cash		88		106
Other investments		66		69
Total	$	1,736	$	1,589



	As of December 31,
	2020		2019
Total liabilities ⁽¹⁾	$	743	$	645
Investments dedicated to fund liabilities ⁽²⁾		229		202

⁽¹⁾Reported in other liabilities on our Consolidated Balance Sheets.

⁽²⁾Reported in other assets on our Consolidated Balance Sheets.