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Employee Benefits (Tables)
12 Months Ended
Dec. 31, 2023
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Schedule Of Estimated Future Benefit Payments
The following benefit payments are expected to be paid:
Pension
Benefits
Other Post-
retirement
Benefits
Estimated future benefit payments:
Year 1$68 $
Year 267 
Year 367 
Year 466 
Year 565 
Years 6 to 10329 15 
Defined Benefit Plans  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan
Details of the changes in benefit obligations, plan assets and funded status of the Company's pension plans are as follows:
20232022
U.S. PlansNon-U.S. PlansU.S. PlansNon-U.S. Plans
Change in benefit obligation
Benefit obligation, beginning of year$518 $530 $673 $152 
Benefit obligation assumed with acquisition— — — 612 
Service cost
Interest cost24 19 14 
Actuarial loss (gain) (7)82 (121)(188)
Benefits paid(42)(21)(49)(17)
Settlements— (3)— (1)
Foreign exchange effects— 18 — (38)
Benefit obligation, end of year$494 $629 $518 $530 
Change in plan assets
Fair value of plan assets, beginning of year$415 $370 $562 $21 
Plan assets assumed with acquisition— — — 538 
Actual return55 19 (97)(145)
Employer contribution15 
Benefits paid(42)(21)(49)(17)
Administrative expenses paid(3)— (3)— 
Settlements— (3)— (1)
Foreign exchange effects— 11 — (27)
Fair value of plan assets, end of year$427 $391 $415 $370 
Funded status, end of year$(67)$(238)$(103)$(160)
Schedule of Amounts Recognized in Balance Sheet
20232022
U.S. PlansNon-U.S. PlansU.S. PlansNon-U.S. Plans
Amounts recognized in the consolidated balance sheet at December 31
Noncurrent assets$— $36 $— $63 
Current liabilities(2)(11)(2)(9)
Noncurrent liabilities(65)(263)(101)(214)
Net amount recognized$(67)$(238)$(103)$(160)
Schedule of Amounts Recognized in Other Comprehensive Income (Loss)
20232022
U.S. PlansNon-U.S. PlansU.S. PlansNon-U.S. Plans
Amounts recognized in accumulated other comprehensive income (loss)
Net loss (gain) $(66)$67 $(30)$(10)
Prior service credit(1)(4)(2)(4)
Total before tax (1)
$(67)$63 $(32)$(14)
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(1)After-tax totals for pension benefits were a loss of $4 and a gain of $45 for 2023 and 2022, respectively, and are reflected in stockholders' equity as accumulated other comprehensive income (loss).
Schedule Of Accumulated Benefit Obligations In Excess Of Plan Assets
Pension plans with an accumulated benefit obligation in excess of plan assets at December 31 are as follows:
20232022
U.S. PlansNon-U.S. PlansU.S. PlansNon-U.S. Plans
Information for pension plans with an accumulated benefit obligation in excess of plan assets
Projected benefit obligation$(494)$(273)$(518)$(223)
Accumulated benefit obligation(494)(271)(518)(221)
Fair value of plan assets427 — 415 — 
Schedule Of Net Benefit Costs And Amounts Recognized In Other Comprehensive Income
The following table provides the components of net periodic benefit costs, other changes in plan assets and benefit obligation recognized in other comprehensive income.
Year Ended December 31,
202320222021
U.S.
Plans
Non-U.S.
Plans
U.S.
Plans
Non-U.S.
Plans
U.S.
Plans
Non-U.S.
Plans
Components of net periodic benefit cost
Service cost$$$$$$
Administrative expenses— — — 
Interest cost24 19 14 11 
Expected return on plan assets(26)(12)(38)(12)(38)(1)
Net amortization(1)(2)— — 
Net periodic benefit cost (gain) $$$(20)$(1)$(21)$
Other changes in plan assets and benefit obligation recognized in other comprehensive income (OCI)
Net loss (gain) emerging$(36)$74 $13 $(31)$(49)$(9)
Prior service credit— — — — (2)— 
Amortization of prior service credit
— — — — — 
Amortization of net gain (loss)— — (1)— (2)
Foreign exchange effects— — (1)— — 
Total recognized in OCI$(35)$77 $13 $(33)$(51)$(11)
Total net periodic benefit cost and OCI$(34)$86 $(7)$(34)$(72)$(6)
Schedule Of Weighted Average Assumptions Used
The weighted-average assumptions used to determine pension plan obligations and net periodic benefit costs for the plans are as follows:
202320222021
U.S.
Plans
Non-U.S.
Plans
U.S.
Plans
Non-U.S.
Plans
U.S.
Plans
Non-U.S.
Plans
Weighted average assumptions used to determine benefit obligations at December 31
Discount rate5.0 %3.2 %4.9 %3.7 %2.6 %1.4 %
Rate of compensation increase— %3.1 %— %2.9 %— %2.6 %
Weighted average assumptions used to determine net periodic benefit costs for years ended December 31
Discount rate for benefit obligations4.9 %3.7 %2.5 %1.2 %2.1 %0.8 %
Discount rate for service cost5.0 %3.8 %2.8 %1.4 %2.4 %0.8 %
Discount rate for interest cost4.8 %3.7 %2.1 %1.2 %1.5 %0.8 %
Expected return on plan assets6.5 %3.3 %7.0 %2.6 %7.0 %4.0 %
Rate of compensation increase— %2.9 %— %2.8 %— %2.6 %
Schedule Of Fair Value Of Pension Plan Assets
The investments in the collective trust and mutual funds are valued using a market approach based on the net asset value of units held. The fair values of the Company's plan assets at December 31, by asset category, are as follows:
2023
U.S. PlansNon-U.S. Plans
Level 1Level 2Level 3TotalLevel 1Level 2Level 3Total
Cash and common stock:
Cash and cash equivalents$— $— $— $— $$— $— $
Collective investment trust and mutual funds—Equity securities:
Large-cap funds (1)
47 92 — 139 — — 
Small-cap funds (2)
— — — — — — 
International funds (3)
70 23 — 93 — 74 — 74 
Collective investment trust and mutual funds—Fixed income:
Bond funds (4)
39 138 — 177 — 303 — 303 
Short-term investment funds— 10 — 10 — — — — 
Group insurance contract— — — — — — 10 10 
$156 $271 $— $427 $$378 $10 $391 

2022
U.S. PlansNon-U.S. Plans
Level 1Level 2Level 3TotalLevel 1Level 2Level 3Total
Cash and common stock:
Cash and cash equivalents$— $— $— $— $$— $— $
Collective investment trust and mutual funds—Equity securities:
Large-cap funds (1)
42 90 — 132 — — 
Small-cap funds (2)
— 10 — 10 — — — — 
International funds (3)
72 24 — 96 — 73 — 73 
Collective investment trust and mutual funds—Fixed income:
Bond funds (4)
37 128 — 165 — 280 — 280 
Short-term investment funds— 12 — 12 — — — — 
Group insurance contract— — — — — — 
$151 $264 $— $415 $$354 $$370 
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(1)Substantially all of the assets of these funds are invested in large-cap U.S. companies. The remainder of the assets of these funds is invested in cash reserves.
(2)Substantially all of the assets of these funds are invested in small-cap U.S. companies. The remainder of the assets of these funds is invested in cash reserves.
(3)Substantially all of the assets of the U.S. Plans' funds are invested in international companies in developed markets (excluding the U.S.), and the remainder of the assets of these funds is invested in cash reserves. The assets of the non-U.S. Plans' funds are primarily invested in diversified global equities, real estate and private equities.
(4)The assets of the U.S. Plans' funds represent investment grade bonds of U.S. issuers, including U.S. Treasury notes. The assets of the non-U.S. Plans represent fixed income funds that are primarily invested in international government bonds and mortgage funds.
Other Postretirement Benefits Plan  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan The amounts recognized in the consolidated balance sheets related to other post-retirement benefits plans were as follows:
20232022
U.S. PlansNon-U.S.
Plans
U.S. PlansNon-U.S.
Plans
Amounts recognized in the consolidated balance sheet at December 31
Current liabilities$(8)$(1)$(8)$(1)
Noncurrent liabilities(33)(2)(38)(2)
Net amount recognized$(41)$(3)$(46)$(3)