XML 117 R21.htm IDEA: XBRL DOCUMENT v3.19.3
Employee Benefit Plans
 9 Months Ended
Sep. 30, 2019
Retirement Benefits [Abstract]  
Employee Benefit Plans Employee Benefit Plans
The components of Net periodic benefit cost and other changes in plan assets and benefit obligations were as follows:
 
 
Three Months Ended September 30,
 
 
 
 
Pension Benefits
 
 
 
 
 
 
U.S. Plans
 
Non-U.S. Plans
 
Retiree Health
Components of Net Periodic Benefit Costs:
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
Service cost
 
$
1

 
$
1

 
$
5

 
$
6

 
$
—

 
$
2

Interest cost
 
25

 
35

 
37

 
37

 
3

 
5

Expected return on plan assets
 
(26
)
 
(35
)
 
(56
)
 
(60
)
 
—

 
—

Recognized net actuarial loss (gain)
 
7

 
5

 
10

 
14

 
(1
)
 
—

Amortization of prior service credit
 
—

 
—

 
—

 
(1
)
 
(19
)
 
(1
)
Recognized settlement loss
 
18

 
34

 
—

 
—

 
—

 
—

Defined benefit plans
 
25

 
40

 
(4
)
 
(4
)
 
(17
)
 
6

Defined contribution plans(1)
 
6

 
9

 
5

 
8

 
n/a

 
n/a

Net Periodic Benefit Cost (Credit)
 
31

 
49

 
1

 
4

 
(17
)
 
6

 
 
 
 
 
 
 
 
 
 
 
 
 
Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive (Loss) Income:
 
 
 
 
 
 
 
 
 
 
 
 
Net actuarial loss (gain)(2)
 
135

 
—

 
—

 
(53
)
 
(9
)
 
—

Amortization of net actuarial (loss) benefit
 
(25
)
 
(39
)
 
(10
)
 
(14
)
 
1

 
—

Amortization of prior service credit
 
—

 
—

 
—

 
1

 
19

 
1

Total Recognized in Other Comprehensive (Loss) Income(3)
 
110

 
(39
)
 
(10
)
 
(66
)
 
11

 
1

Total Recognized in Net Periodic Benefit Cost and Other Comprehensive (Loss) Income
 
$
141

 
$
10

 
$
(9
)
 
$
(62
)
 
$
(6
)
 
$
7

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30,
 
 
Pension Benefits
 
 
 
 
 
 
U.S. Plans
 
Non-U.S. Plans
 
Retiree Health
Components of Net Periodic Benefit Costs:
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
Service cost
 
$
2

 
$
2

 
$
17

 
$
19

 
$
1

 
$
4

Interest cost
 
83

 
102

 
114

 
114

 
11

 
18

Expected return on plan assets
 
(77
)
 
(105
)
 
(174
)
 
(185
)
 
—

 
—

Recognized net actuarial loss (gain)
 
18

 
17

 
32

 
44

 
(3
)
 
—

Amortization of prior service credit
 
(1
)
 
(1
)
 
(1
)
 
(3
)
 
(57
)
 
(3
)
Recognized settlement loss
 
76

 
85

 
—

 
—

 
—

 
—

Defined benefit plans
 
101

 
100

 
(12
)
 
(11
)
 
(48
)
 
19

Defined contribution plans(1)
 
19

 
28

 
17

 
22

 
n/a
 
n/a
Net Periodic Benefit Cost (Credit)
 
120

 
128

 
5

 
11

 
(48
)
 
19

 
 
 
 
 
 
 
 
 
 
 
 
 
Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive (Loss) Income:
 
 
 
 
 
 
 
 
 
 
 
 
Net actuarial loss (gain)(2)
 
171

 
(46
)
 
—

 
(53
)
 
(9
)
 
10

Amortization of net actuarial (loss) benefit
 
(94
)
 
(102
)
 
(32
)
 
(44
)
 
3

 
—

Amortization of prior service credit
 
1

 
1

 
1

 
3

 
57

 
3

Total Recognized in Other Comprehensive (Loss) Income(3)
 
78

 
(147
)
 
(31
)
 
(94
)
 
51

 
13

Total Recognized in Net Periodic Benefit Cost (Credit) and Other Comprehensive (Loss) Income
 
$
198

 
$
(19
)
 
$
(26
)
 
$
(83
)
 
$
3

 
$
32

__________________________
(1)
Prior year amounts have been revised to reflect additional cost for previously excluded plans.
(2)
The net actuarial loss (gain) for U.S. Plans primarily reflects (i) the remeasurement of our primary U.S. pension plans as a result of the payment of periodic settlements and (ii) adjustments for the actuarial valuation results based on January 1st plan census data. The non-U.S. plans net actuarial gain for 2018 reflects and out-of-period adjustment of $53 to correct an overstated benefit obligation for our U.K. Funded Pension Plan at December 31, 2017.
(3)
Amounts represent the pre-tax effect included within Other Comprehensive (Loss) Income. Refer to Note 20 - Other Comprehensive (Loss) Income for related tax effects and the after-tax amounts.
Contributions
The following table summarizes cash contributions to our defined benefit pension plans and retiree health benefit plans.
 
 
Nine Months Ended September 30,
 
Year Ended December 31,
 
 
2019
 
2018
 
Estimated 2019
 
2018
U.S. plans
 
$
19

 
$
20

 
$
25

 
$
27

Non-U.S. plans
 
88

 
91

 
115

 
117

Total Pension
 
$
107

 
$
111

 
$
140

 
$
144

 
 
 
 
 
 
 
 
 
Retiree Health
 
$
22

 
$
42

 
$
35

 
$
57


There are no mandatory contributions required in 2019 for our U.S. tax-qualified defined benefit plans to meet the minimum funding requirements.