XML 48 R29.htm IDEA: XBRL DOCUMENT
v3.20.2

Pension and Other Postretirement Benefit Plans (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2020
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 |  | 2020 |  | 2019 |  | 2020 |  | 2019 |  | 2020 |  | 2019
Service cost |  | $ | 1 |  |  | $ | 1 |  |  | $ | 1 |  |  | $ | 1 |  |  | $ | 1 |  |  | $ | 2 |
Interest cost |  | 25 |  |  | 30 |  |  | 4 |  |  | 5 |  |  | 1 |  |  | 4 |
Expected return on plan assets |  | (42) |  |  | (44) |  |  | (7) |  |  | (6) |  |  | — |  |  | — |
Amortization: |  |  |  |  |  |  |  |  |  |  |  |
Actuarial loss |  | 15 |  |  | 11 |  |  | 3 |  |  | 2 |  |  | — |  |  | — |
Prior service credit |  | — |  |  | (1) |  |  | — |  |  | — |  |  | (12) |  |  | (2) |
Settlement and curtailment (gain) loss |  | — |  |  | 10 |  |  | 1 |  |  | — |  |  | — |  |  | — |
Net periodic benefit cost (credit) |  | $ | (1) |  |  | $ | 7 |  |  | $ | 2 |  |  | $ | 2 |  |  | $ | (10) |  |  | $ | 4 |
|  | Nine Months Ended September 30, |  |  |  |  |  |  |  |  |  |
|  | United States Pension Benefits |  |  |  | Foreign Pension Benefits |  |  |  | Other Postretirement Benefits |  |
Millions of dollars |  | 2020 |  | 2019 |  | 2020 |  | 2019 |  | 2020 |  | 2019
Service cost |  | $ | 2 |  |  | $ | 2 |  |  | $ | 4 |  |  | $ | 4 |  |  | $ | 4 |  |  | $ | 5 |
Interest cost |  | 74 |  |  | 92 |  |  | 13 |  |  | 17 |  |  | 7 |  |  | 12 |
Expected return on plan assets |  | (124) |  |  | (133) |  |  | (22) |  |  | (21) |  |  | — |  |  | — |
Amortization: |  |  |  |  |  |  |  |  |  |  |  |
Actuarial loss |  | 46 |  |  | 35 |  |  | 9 |  |  | 6 |  |  | — |  |  | — |
Prior service credit |  | — |  |  | (2) |  |  | — |  |  | — |  |  | (16) |  |  | (7) |
Settlement and curtailment (gain) loss |  | — |  |  | 10 |  |  | 1 |  |  | 1 |  |  | (4) |  |  | (7) |
Net periodic benefit cost (credit) |  | $ | (2) |  |  | $ | 4 |  |  | $ | 5 |  |  | $ | 7 |  |  | $ | (9) |  |  | $ | 3 |
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 |  | 2020 |  | 2019 |  | 2020 |  | 2019 |  | 2020 |  | 2019
Operating profit (loss) |  | $ | 1 |  |  | $ | 1 |  |  | $ | 1 |  |  | $ | 1 |  |  | $ | 1 |  |  | $ | 2 |
Interest and sundry (income) expense |  | (2) |  |  | 6 |  |  | 1 |  |  | 1 |  |  | (11) |  |  | 2 |
Net periodic benefit cost |  | $ | (1) |  |  | $ | 7 |  |  | $ | 2 |  |  | $ | 2 |  |  | $ | (10) |  |  | $ | 4 |
|  | Nine Months Ended September 30, |  |  |  |  |  |  |  |  |  |
|  | United States Pension Benefits |  |  |  | Foreign Pension Benefits |  |  |  | Other Postretirement Benefits |  |
Millions of dollars |  | 2020 |  | 2019 |  | 2020 |  | 2019 |  | 2020 |  | 2019
Operating profit (loss) |  | $ | 2 |  |  | $ | 2 |  |  | $ | 4 |  |  | $ | 4 |  |  | $ | 4 |  |  | $ | 5 |
Interest and sundry (income) expense |  | (4) |  |  | 2 |  |  | 1 |  |  | 3 |  |  | (13) |  |  | (2) |
Net periodic benefit cost |  | $ | (2) |  |  | $ | 4 |  |  | $ | 5 |  |  | $ | 7 |  |  | $ | (9) |  |  | $ | 3 |

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 Tabular disclosure of one or more of the entity's defined benefit pension plans or one or more other defined benefit postretirement plans, separately for pension plans and other postretirement benefit plans including the entity's schedule of fair value of plan assets for defined benefit or other postretirement plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=118257860&loc=d3e4179-114921 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e2439-114920 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e2410-114920 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e2417-114920 + Details
Name: | us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration