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Retirement Programs (Tables) | 9 Months Ended
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Sep. 30, 2020
Retirement Benefits, Description [Abstract] |
Schedule of Pension and OPEB Net Periodic Benefit Costs | The components of net pension and postretirement benefits other than pensions (“OPEB”) costs for the quarter and nine months ended September 30, 2020 and 2019 are shown below:
| Quarter Ended September 30, |  | Nine Months Ended September 30, |
| Pensions |  | OPEB |  | Pensions |  | OPEB |  |  |
(Millions of dollars) | 2020 |  | 2019 |  | 2020 |  | 2019 |  | 2020 |  | 2019 |  | 2020 |  | 2019 |  |  |  |  |  |  |
Amount recognized in Operating Profit |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Service cost | $ | 38 |  |  | $ | 34 |  |  | $ | 1 |  |  | $ | — |  |  | $ | 111 |  |  | $ | 112 |  |  | $ | 2 |  |  | $ | 1 |  |  |  |  |  |  |  |
Amount recognized in Net pension and OPEB cost (benefit), excluding service cost |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest cost | 52 |  |  | 61 |  |  | 1 |  |  | 3 |  |  | 154 |  |  | 194 |  |  | 4 |  |  | 6 |  |  |  |  |  |  |  |
Expected return on plan assets | (122) |  |  | (117) |  |  | — |  |  | — |  |  | (360) |  |  | (349) |  |  | — |  |  | — |  |  |  |  |  |  |  |
Net amortization and deferral | 22 |  |  | 17 |  |  | — |  |  | (2) |  |  | 67 |  |  | 45 |  |  | (2) |  |  | (4) |  |  |  |  |  |  |  |
Curtailment and termination benefits (a) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 10 |  |  | — |  |  | — |  |  |  |  |  |  |  |
Settlement charge (b) | 6 |  |  | 40 |  |  | — |  |  | — |  |  | 6 |  |  | 91 |  |  | — |  |  | — |  |  |  |  |  |  |  |
| (42) |  |  | 1 |  |  | 1 |  |  | 1 |  |  | (133) |  |  | (9) |  |  | 2 |  |  | 2 |  |  |  |  |  |  |  |
Net periodic benefit cost (benefit) | $ | (4) |  |  | $ | 35 |  |  | $ | 2 |  |  | $ | 1 |  |  | $ | (22) |  |  | $ | 103 |  |  | $ | 4 |  |  | $ | 3 |  |  |  |  |  |  |  |
(a) In the second quarter of 2019, Linde recorded a curtailment gain of $7 million and a charge of $17 million for termination benefits in connection with a defined benefit pension plan freeze. (b) In the third quarter of 2020, Linde recorded a pension settlement charge of $6 million ($5 million after tax). In the first quarter of 2019, benefits of $91 million were paid related to the settlement of a U.S. non-qualified plan that was triggered due to a change in control provision. Accordingly, Linde record ed a pension settlement charge of $51 million ($38 million after tax). In the third quarter of 2019, Linde recorded a pension settlement charge of $40 million ($30 million after tax) related to lump sum payments made from a U.S. qualified plan that were triggered by merger-related divestitures.

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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=118255775&loc=d3e1928-114920 + Details
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