XML 49 R30.htm IDEA: XBRL DOCUMENT v3.22.2

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Tables)

6 Months Ended

Jun. 30, 2022

Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]

Schedule of Components of Net Periodic Benefit Cost

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 June 30,
						United States Pension Benefits												Foreign Pension Benefits												Other Postretirement Benefits
Millions of dollars						2022						2021						2022						2021						2022						2021
Service cost						$	1					$	—					$	1					$	2					$	—					$	—
Interest cost						20						19						4						3						2						2
Expected return on plan assets						(36)						(40)						(8)						(8)						—						—
Amortization:
Actuarial loss						14						18						2						5						—						—
Prior service credit						—						—						—						—						(12)						(12)
Settlement and curtailment (gain) loss						—						3						—						—						—						—
Net periodic benefit cost (credit)						$	(1)					$	—					$	(1)					$	2					$	(10)					$	(10)

						Six Months Ended June 30,
						United States Pension Benefits												Foreign Pension Benefits												Other Postretirement Benefits
Millions of dollars						2022						2021						2022						2021						2022						2021
Service cost						$	2					$	1					$	2					$	3					$	—					$	—
Interest cost						41						38						8						7						3						3
Expected return on plan assets						(73)						(79)						(17)						(17)						—						—
Amortization:
Actuarial loss						29						35						5						10						—						—
Prior service credit						—						—						—						—						(23)						(23)
Settlement and curtailment (gain) loss						—						3						1						—						—						—
Net periodic benefit cost (credit)						$	(1)					$	(2)					$	(1)					$	3					$	(20)					$	(20)

Schedule of Net Periodic Cost Recognized in Operating Profit and Interest and Sundry (Income) Expense

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 June 30,
						United States Pension Benefits												Foreign Pension Benefits												Other Postretirement Benefits
Millions of dollars						2022						2021						2022						2021						2022						2021
Operating profit (loss)						$	1					$	—					$	1					$	2					$	—					$	—
Interest and sundry (income) expense						(2)						—						(2)						—						(10)						(10)
Net periodic benefit cost						$	(1)					$	—					$	(1)					$	2					$	(10)					$	(10)

						Six Months Ended June 30,
						United States Pension Benefits												Foreign Pension Benefits												Other Postretirement Benefits
Millions of dollars						2022						2021						2022						2021						2022						2021
Operating profit (loss)						$	2					$	1					$	2					$	3					$	—					$	—
Interest and sundry (income) expense						(3)						(3)						(3)						—						(20)						(20)
Net periodic benefit cost						$	(1)					$	(2)					$	(1)					$	3					$	(20)					$	(20)

X

- References

No definition available.

+ Details

Name:	us-gaap_DefinedBenefitPlansAndOtherPostretirementBenefitPlansDisclosuresAbstract
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 https://asc.fasb.org/extlink&oid=123450688&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 https://asc.fasb.org/extlink&oid=123447040&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 https://asc.fasb.org/extlink&oid=123447040&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 https://asc.fasb.org/extlink&oid=123447040&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 https://asc.fasb.org/extlink&oid=123447040&loc=d3e2417-114920

+ Details

Name:	us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (h)
-URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfNetBenefitCostsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration