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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2023
Retirement Benefits [Abstract]  
Schedule of Pension and Postemployment Benefit Costs
Pension and postemployment benefit costs for the years ended December 31 were as follows: 
 202320222021
In millionsPensionPostemploymentPensionPostemploymentPensionPostemployment
Service cost$$12 $$13 $$11 
Interest cost
Expected return on plan assets(2)— (2)— (2)— 
Curtailment gain— — — — (2)— 
Amortization of actuarial loss — 
Amortization of prior service cost— — — — — 
Total costs$$21 $$22 $$20 
Schedule of Accumulated Pension Benefit Obligation The following tables present the changes in benefit obligations, plan assets, funded status and the reconciliation of the funded status to amounts recognized in the consolidated balance sheets and in accumulated other comprehensive income at December 31:
 PensionPostemployment
In millions2023202220232022
Change in benefit obligation
Benefit obligation at January 1$105 $143 $58 $68 
Service cost12 13 
Interest cost
Plan participant contributions— — 
Actuarial loss (gain)(28)13 (12)
Benefits paid(3)(2)(29)(15)
Settlement(2)(8)— — 
Plan Amendment— — — 
Currency translation adjustments(9)— — 
Benefit obligation at December 31$116 $105 $56 $58 
Change in plan assets
Fair value of plan assets at January 1$56 $67 $— $— 
Actual return on plan assets(3)— — 
Company contributions— — 
Benefits paid(4)(1)— — 
Currency translation adjustments(5)— — 
Plan participant contribution— — 
Settlements(2)(8)— — 
Fair value of plan assets at December 3160 56 — — 
Funded status (underfunded)$(56)$(49)$(56)$(58)
Amounts Recognized in the Consolidated Balance Sheet
Non-current assets$$$— $— 
Current liabilities(2)(2)(16)(11)
Non-current liabilities(62)(54)(40)(47)
Net amounts recognized$(56)$(49)$(56)$(58)
Amounts Recognized in Accumulated Other Comprehensive Income (Loss)
Unrecognized Net actuarial (gain) loss $(4)$(8)$57 $50 
Unrecognized Prior service cost— — 
Total$(4)$(8)$61 $55 
The following table presents the accumulated pension benefit obligation at December 31:
In millions20232022
Accumulated pension benefit obligation$108 $99 
The following table presents pension plans with accumulated benefit obligations in excess of plan assets at December 31:
In millions20232022
Projected benefit obligation$92 $81 
Accumulated benefit obligation$87 $76 
Fair value of plan assets
$28 $25 
Schedule of Pre-Tax Net Changes in Projected Benefit Obligations Recognized in Other Comprehensive Income
The following table presents the pre-tax net changes in projected benefit obligations recognized in other comprehensive income:
 PensionPostemployment
In millions2023202220232022
Actuarial loss (gain) arising during the year$$(23)$13 $(12)
Amortization of loss included in net periodic benefit cost
— (1)(7)(8)
Prior service cost arising during the year— — — 
Foreign currency exchange— (1)— — 
Total recognized in other comprehensive income (loss)
$$(25)$$(18)
Schedule of Weighted-Average Rates and Assumptions Used to Determine Benefit Obligations and Net Periodic Benefit Cost
The weighted-average rates and assumptions used to determine benefit obligations at December 31, and net periodic benefit cost for the years ended December 31, were as follows:
 Pension Benefit ObligationsPension Benefit Cost
 20232022202320222021
Discount rate3.0%3.3%3.1%1.3%0.9%
Rate of compensation increase3.2%3.1%3.1%3.0%2.9%
Expected return on plan assetsN/AN/A3.9%3.1%3.4%
Interest crediting rate assumption1.6%1.5%1.5%0.9%0.9%
 Postemployment 
Benefit Obligations
Postemployment 
Benefit Cost
 20232022202320222021
Discount rate4.6%3.8%3.8%2.0%1.6%
Rate of compensation increase3.0%3.0%3.0%3.0%3.0%
Involuntary turnover rate4.5%4.0%4.0%4.0%3.5%
Schedule of Weighted-Average Asset Allocations, by Category The weighted-average asset allocations at December 31, by asset category are as follows:
Actual Asset Allocation
as of December 31
Target Asset
 20232022Allocation
Equity securities33%31%32%
Debt securities47%51%49%
Insurance (annuity) contracts13%16%13%
Real estate6%2%4%
Other1%—%2%
Total100%100%100%
Schedule of Pension Plan Assets at Fair Value
The following table sets forth by level, within the fair value hierarchy, the pension plan assets at fair value as of December 31, 2023: 
  Fair Value Measurements at Reporting Date Using
Quoted Prices in Active Markets
for Identical
Assets
Significant
Other
Observable
Inputs
Significant
Unobservable
Inputs
In millionsDecember 31, 2023(Level 1)(Level 2)(Level 3)
Money market funds$$— $$— 
Equity funds20 — 20 — 
Bond/fixed-income funds28 — 28 — 
Real estate indirect investments— — 
Insurance contracts— — 
Total assets at fair value$60 $— $52 $
The following table sets forth by level, within the fair value hierarchy, the pension plan assets at fair value as of December 31, 2022: 
  Fair Value Measurements at Reporting Date Using
Quoted Prices in Active 
Markets
for Identical
Assets
Significant
Other
Observable
Inputs
Significant
Unobservable
Inputs
In millionsDecember 31, 2022(Level 1)(Level 2)(Level 3)
Money market funds$$— $$— 
Equity funds17 — 17 — 
Bond/fixed-income funds27 — 27 — 
Real estate indirect investments— — 
Insurance contracts— — 
Total assets at fair value$56 $— $49 $
Schedule of Changes in Fair Value of the Pension Plan Level 3 Assets
The table below sets forth a summary of changes in the fair value of the pension plan level 3 assets for the year ended December 31, 2023:
In millionsInsurance
Contracts
Balance as of January 1, 2023$
Purchases, sales and settlements, net
Balance as of December 31, 2023$
The table below sets forth a summary of changes in the fair value of the pension plan level 3 assets for the year ended December 31, 2022:
In millionsInsurance
Contracts
Balance as of January 1, 2022$
Purchases, sales and settlements, net— 
Balance as of December 31, 2022$
Schedule of Estimated Future Benefit Payments The Company expects to make the following benefit payments, estimated based on the assumptions used to measure the Company's benefit obligation at the end of the year, reflecting past and future service from its pension and postemployment plans:
 Pension Postemployment
In millionsBenefitsBenefits
Year
2024$$16 
2025$$10 
2026$$10 
2027$$10 
2028$$10 
2029 - 2033$40 $51 
Schedule of U.S and International Subsidiary Savings Plans The following table identifies the expense for the United States and International subsidiary savings plans for the years ended December 31:
In millions202320222021
U.S. savings plan$16 $16 $16 
International subsidiary savings plans$10 $12 $14