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Pension and Other Postretirement Benefit Plans (Tables)
9 Months Ended
Sep. 30, 2019
Retirement Benefits [Abstract]  
Schedule of Defined Benefit Plans Disclosures
The following table summarizes the components of net periodic pension cost and the cost of other postretirement benefits for the periods presented:


Three Months Ended September 30,


United States
Pension Benefits

Foreign
Pension Benefits

Other Postretirement
Benefits
Millions of dollars

2019

2018

2019

2018

2019

2018
Service cost

$
1


$
1


$
1


$
1


$
2


$
2

Interest cost

30


30


5


5


4


3

Expected return on plan assets

(44
)

(43
)

(6
)

(8
)




Amortization:












Actuarial loss

11


14


2


2





Prior service credit

(1
)

(1
)





(2
)

(3
)
Settlement and curtailment (gain) loss

10






1




4

Net periodic cost

$
7


$
1


$
2


$
1


$
4


$
6


 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30,
 
 
United States
Pension Benefits
 
Foreign
Pension Benefits
 
Other Postretirement
Benefits
Millions of dollars
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
Service cost
 
$
2

 
$
2

 
$
4

 
$
4

 
$
5

 
$
5

Interest cost
 
92

 
89

 
17

 
17

 
12

 
10

Expected return on plan assets
 
(133
)
 
(128
)
 
(21
)
 
(25
)
 

 

Amortization:
 

 
 
 
 
 
 
 
 
 
 
Actuarial loss
 
35

 
40

 
6

 
7

 

 

Prior service credit
 
(2
)
 
(2
)
 

 

 
(7
)
 
(2
)
Settlement and curtailment (gain) loss
 
10

 

 
1

 
(2
)
 
(7
)
 
4

Net periodic cost
 
$
4

 
$
1

 
$
7

 
$
1

 
$
3

 
$
17


The following table summarizes the net periodic cost recognized in operating profit and interest and sundry (income) expense for the periods presented:
 
 
Three Months Ended September 30,
 
 
United States
Pension Benefits
 
Foreign
Pension Benefits
 
Other Postretirement
Benefits
Millions of dollars
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
Operating profit (loss)
 
$
1

 
$
1

 
$
1

 
$
1

 
$
2

 
$
2

Interest and sundry (income) expense
 
6

 

 
1

 

 
2

 
4

Net periodic benefit cost
 
$
7

 
$
1

 
$
2

 
$
1

 
$
4

 
$
6

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30,
 
 
United States
Pension Benefits
 
Foreign
Pension Benefits
 
Other Postretirement
Benefits
Millions of dollars
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
Operating profit (loss)
 
$
2

 
$
2

 
$
4

 
$
4

 
$
5

 
$
5

Interest and sundry (income) expense
 
2

 
(1
)
 
3

 
(3
)
 
(2
)
 
12

Net periodic benefit cost
 
$
4

 
$
1

 
$
7

 
$
1

 
$
3

 
$
17