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Pension and Other Post-Retirement Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2022

Pension Other Post Retirement Benefits and Employee Benefit Plans Abstract

Components net periodic benefit cost (credit)

​

​	​	​	​	​	​	​	​	​	​
​	​	U.S. and Non-U.S. Pension Benefits
​	​	Year Ended December 31,
​		2022			2021			2020
​	​	(in millions)
Interest cost	​	$	4	​	$	4	​	$	5
Expected return on plan assets	​		(5)	​		(5)	​		(5)
Amortization of actuarial losses	​		1	​		1	​		1
​	​	$	—	​	$	—	​	$	1

​

Changes in benefit obligations and plan assets, and funded status of plans

​

​	​	​	​	​	​	​
​	​	U.S. and Non-U.S. Pension Benefits
​		2022			2021
​	​	(in millions)
Change in benefit obligation:	​	​			​
Benefit obligation, beginning of year	​	$	154	​	$	166
Interest cost	​		4	​		4
Benefits paid	​		(8)	​		(8)
Actuarial gain	​		(34)	​		(5)
Currency translation	​		(1)	​		(3)
Benefit obligation, end of year	​		115	​		154
Change in plan assets:	​			​
Fair value of plan assets, beginning of year	​		106	​		94
Actual return on plan assets	​		(15)	​		11
Employer contributions	​		1	​		8
Benefits paid	​		(8)	​		(7)
Fair value of plan assets, end of year	​		84	​		106
Funded status of the plan and amounts recognized in the consolidated balance sheets	​	$	(31)	​	$	(48)

​

Defined benefit plan assets measured at fair value on a recurring basis

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December 31, 2022

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December 31, 2021

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Level 1

Level 2

Total

Level 1

Level 2

Total

​

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(in millions)

U.S. and Non-U.S. Plans:

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​

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Cash and cash equivalents

​

$

13

​

$

—

​

$

13

​

$

6

​

$

—

​

$

6

Government debt securities

​

2

​

13

​

15

​

6

​

4

​

10

Exchange traded funds

​

12

​

—

​

12

​

24

​

—

​

24

Mutual funds

​

20

​

—

​

20

​

37

​

2

​

39

Common stock

​

24

​

—

​

24

​

27

​

—

​

27

​

​

$

71

​

$

13

​

$

84

​

$

100

​

$

6

​

$

106

X

- Definition

Pension Other Post Retirement Benefits and Employee Benefit Plans Abstract.

+ References

No definition available.

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- Definition

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- 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=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 http://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 http://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 http://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 http://asc.fasb.org/extlink&oid=123447040&loc=d3e2417-114920

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- 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 http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

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