Employee Benefit Plans

3 Months Ended

Mar. 31, 2021

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 March 31,
	Pension Benefits
	U.S. Plans				Non-U.S. Plans				Retiree Health
Components of Net Periodic Benefit Costs:	2021		2020		2021		2020		2021		2020
Service cost	$	—	$	1	$	5	$	5	$	1	$	1
Interest cost	18		23		22		29		2		2
Expected return on plan assets	(28)		(26)		(52)		(47)		—		—
Recognized net actuarial loss	5		7		15		14		—		—
Amortization of prior service credit	—		—		—		—		(17)		(19)
Recognized settlement loss	15		19		—		—		—		—
Recognized curtailment gain	—		—		—		(1)		—		—
Defined benefit plans	10		24		(10)		—		(14)		(16)
Defined contribution plans	—		5		5		5		n/a		n/a
Net Periodic Benefit Cost (Credit)	10		29		(5)		5		(14)		(16)
Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income (Loss):
Net actuarial (gain) loss(1)	(44)		12		1		—		—		—
Amortization of net actuarial loss	(20)		(26)		(15)		(14)		—		—
Amortization of prior service credit	—		—		—		—		17		19
Total Recognized in Other Comprehensive Income (Loss)(2)	(64)		(14)		(14)		(14)		17		19
Total Recognized in Net Periodic Benefit (Credit) Cost and Other Comprehensive Income (Loss)	$	(54)	$	15	$	(19)	$	(9)	$	3	$	3

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(1)The net actuarial (gain) loss for U.S. Plans primarily reflects the remeasurement of our primary U.S. pension plans as a result of the payment of periodic settlements.

(2)Amounts represent the pre-tax effect included within Other Comprehensive Income (Loss). Refer to Note 17 - Other Comprehensive Income (Loss) 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.

	Three Months Ended March 31,				Year Ended December 31,
	2021		2020		Estimated 2021		2020
U.S. plans	$	6	$	6	$	25	$	35
Non-U.S. plans	29		27		105		104
Total Pension	$	35	$	33	$	130	$	139
Retiree Health	$	6	$	5	$	30	$	25

There are no mandatory contributions required in 2021 for our U.S. tax-qualified defined benefit plans to meet the minimum funding requirements.

Defined Contribution Plans

In the first quarter 2021, the Company temporarily suspended and will not make its full year 2021 employer match/contribution for its U.S. based 401(k) saving plans for salaried employees. The suspension is expected to result in savings of approximately $20 for the year ending December 31, 2021.