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Postretirement Plans (Tables)
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Retirement Benefits, Description [Abstract]    
Components Of Net Periodic Benefit Cost
The components of net periodic benefit (income)/cost were as follows:

Pension
 
Other Postretirement Benefits
Years ended December 31,
2019

 
2018

 
2017

 
2019

 
2018

 
2017

Service cost

$2

 

$430

 

$402

 

$77

 

$94

 

$106

Interest cost
2,925

 
2,781

 
2,991

 
196

 
194

 
229

Expected return on plan assets
(3,863
)
 
(4,009
)
 
(3,847
)
 
(8
)
 
(8
)
 
(7
)
Amortization of prior service credits
(79
)
 
(56
)
 
(39
)
 
(35
)
 
(126
)
 
(137
)
Recognized net actuarial loss/(gain)
643

 
1,130

 
804

 
(46
)
 
(10
)
 
10

Settlement/curtailment/other losses


 
44

 
1

 


 

 

Net periodic benefit (income)/cost

($372
)
 

$320

 

$312

 

$184

 

$144

 

$201

 
 
 
 
 
 
 
 
 
 
 
 
Net periodic benefit cost included in (Loss)/earnings from operations

$313

 

$313

 

$510

 

$88

 

$84

 

$107

Net periodic benefit (income)/cost included in Other income, net
(374
)
 
(143
)
 
(117
)
 
107

 
101

 
123

Net periodic benefit (income)/cost included in (Loss)/earnings before income taxes

($61
)
 

$170

 

$393

 

$195

 

$185

 

$230


  
Schedule Of Changes In The Benefit Obligation, Plan Assets And Funded Status Of Pensions And OPB
The following tables show changes in the benefit obligation, plan assets and funded status of both pensions and OPB for the years ended December 31, 2019 and 2018. Benefit obligation balances presented below reflect the PBO for our pension plans, and accumulated postretirement benefit obligations (APBO) for our OPB plans.
 
Pension
 
Other Postretirement Benefits
 
2019

 
2018

 
2019

 
2018

Change in benefit obligation
 
 
 
 
 
 
 
Beginning balance

$71,424

 

$80,393

 

$5,114

 

$6,085

Service cost
2

 
430

 
77

 
94

Interest cost
2,925

 
2,781

 
196

 
194

Amendments


 
(377
)
 
1

 
(58
)
Actuarial (gain)/loss
8,695

 
(6,352
)
 
127

 
(732
)
Settlement/curtailment/other
(756
)
 
(730
)
 

 

Gross benefits paid
(4,658
)
 
(4,700
)
 
(474
)
 
(487
)
Subsidies


 


 
36

 
24

Exchange rate adjustment
13

 
(21
)
 
3

 
(6
)
Ending balance

$77,645

 

$71,424

 

$5,080

 

$5,114

Change in plan assets
 
 
 
 
 
 
 
Beginning balance at fair value

$56,102

 

$64,011

 

$132

 

$143

Actual return on plan assets
10,851

 
(2,585
)
 
26

 
(3
)
Company contribution
16

 
16

 
1

 
2

Plan participants’ contributions


 


 
6

 
7

Settlement payments
(756
)
 
(764
)
 

 

Benefits paid
(4,514
)
 
(4,557
)
 
(16
)
 
(17
)
Exchange rate adjustment
12

 
(19
)
 

 

Ending balance at fair value

$61,711

 

$56,102

 

$149

 

$132

Amounts recognized in statement of financial position at December 31 consist of:
 
 
 
 
 
 
 
Other assets

$484

 

$138

 


 


Other accrued liabilities
(142
)
 
(137
)
 

($391
)
 

($398
)
Accrued retiree health care


 


 
(4,540
)
 
(4,584
)
Accrued pension plan liability, net
(16,276
)
 
(15,323
)
 


 


Net amount recognized

($15,934
)
 

($15,322
)
 

($4,931
)
 

($4,982
)

  
Schedule Of Amounts Recognized In Accumulated Other Comprehensive Loss
Amounts recognized in Accumulated other comprehensive loss at December 31 were as follows:
 
Pension
 
Other Postretirement Benefits
 
2019

 
2018

 
2019

 
2018

Net actuarial loss/(gain)

$23,124

 

$22,061

 

($625
)
 

($783
)
Prior service credits
(1,467
)
 
(1,546
)
 
(122
)
 
(158
)
Total recognized in Accumulated other comprehensive loss

$21,657

 

$20,515

 

($747
)
 

($941
)


  
Schedule Of Key Information For All Plans With ABO In Excess Of Plan Assets Key information for our plans with ABO and PBO in excess of plan assets as of December 31 was as follows:

2019

 
2018

Accumulated benefit obligation

$70,466

 

$66,306

Fair value of plan assets
55,907

 
52,894



2019

 
2018

Projected benefit obligation

$72,325

 

$68,354

Fair value of plan assets
55,907

 
52,894


  
Schedule Of Assumptions Used To Calculate The Benefit Obligation and Net Periodic Benefit Costs
The following assumptions, which are the weighted average for all plans, are used to calculate the benefit obligation at December 31 of each year and the net periodic benefit cost for the subsequent year.
December 31,
2019

 
2018

 
2017

Discount rate:
 
 
 
 
 
Pension
3.30
%
 
4.20
%
 
3.60
%
Other postretirement benefits
3.00
%
 
4.00
%
 
3.30
%
Expected return on plan assets
6.80
%
 
6.80
%
 
6.80
%
Rate of compensation increase
4.30
%
 
5.30
%
 
5.30
%
Interest crediting rates for cash balance plans
5.15
%
 
5.15
%
 
5.15
%

  
Schedule Of Assumed Health Care Cost Trend Rates
Assumed health care cost trend rates were as follows:
December 31,
2019

 
2018

 
2017

Health care cost trend rate assumed next year
5.00
%
 
5.50
%
 
6.00
%
Ultimate trend rate
4.50
%
 
4.50
%
 
4.50
%
Year that trend reached ultimate rate
2021

 
2021

 
2021


  
Schedule of actual allocations for pension assets and target allocations by asset class [Table Text Block] The actual and target allocations by asset class for the pension assets at December 31 were as follows:
 
Actual Allocations
 
Target Allocations
Asset Class
2019

 
2018

 
2019

 
2018

Fixed income
49
%
 
48
%
 
47
%
 
47
%
Global equity
29

 
28

 
29

 
29

Private equity
5

 
5

 
5

 
5

Real estate and real assets
8

 
9

 
9

 
9

Hedge funds
9

 
10

 
10

 
10

Total
100
%
 
100
%
 
100
%
 
100
%

  
Schedule of Allocation of Plan Assets The following table presents our plan assets using the fair value hierarchy as of December 31, 2019 and 2018. The fair value hierarchy has three levels based on the reliability of the inputs used to determine fair value. Level 1 refers to fair values determined based on quoted prices in active markets for identical assets. Level 2 refers to fair values estimated using significant other observable inputs, and Level 3 includes fair values estimated using significant unobservable inputs.
 
December 31, 2019
December 31, 2018
 
Total

Level 1

Level 2

Level 3

Total

Level 1

Level 2

Level 3

Fixed income securities:
 
 
 
 
 
 
 
 
Corporate

$19,341



$19,336


$5


$17,481



$17,479


$2

U.S. government and agencies
5,759


5,759


5,589


5,589


Mortgage backed and asset backed
1,181


720

461

722


410

312

Municipal
1,317



1,317



1,255

 
1,255


Sovereign
1,076



1,076



967

 
967

 
Other
55


$7

48



106


$53

53


Derivatives:

 
 
 

 
 
 
Assets










Liabilities
(143
)

(143
)

(51
)

(51
)

Cash equivalents and other short-term investments
769



769


1,068



1,068


Equity securities:

 
 
 

 
 
 
U.S. common and preferred stock
4,866

4,866



3,744

3,744



Non-U.S. common and preferred stock
5,529

5,527



2

4,850

4,846

4


Derivatives:

 
 
 

 
 
 
Assets
6



6


3


3


Liabilities
(5
)


(5
)

(9
)


(9
)

Real estate and real assets:


 
 
 


 
 
 
Real estate
454

454





422

422





Real assets
810

649

157

4

659

311

344

4

Derivatives:


 
 
 


 
 
 
Assets
5

1

4



4



4



Liabilities
(2
)

(2
)


(17
)
(1
)
(16
)


Total

$41,018


$11,504


$29,042


$472


$36,793


$9,375


$27,100


$318

 
 
 
 
 
 
 
 
 
Fixed income common/collective/pooled funds

$959

 
 
 

$938

 
 
 
Fixed income other
512

 
 
 
442

 
 
 
Equity common/collective pooled funds
6,301

 
 
 
5,264

 
 
 
Private equity
3,184

 
 
 
2,934

 
 
 
Real estate and real assets
3,605

 
 
 
3,792

 
 
 
Hedge funds
5,688

 
 
 
5,484

 
 
 
Total investments measured at NAV as a practical expedient

$20,249

 
 
 

$18,854

 
 
 
 
 
 
 
 
 
 
 
 
Cash

$207

 
 
 

$205

 
 
 
Receivables
383

 
 
 
404

 
 
 
Payables
(146
)
 
 
 
(154
)
 
 
 
Total

$61,711

 
 
 

$56,102

 
 
 

  
Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets [Table Text Block]
The following tables present a reconciliation of Level 3 assets held during the years ended December 31, 2019 and 2018. Transfers into and out of Level 3 are reported at the beginning-of-year values.
 
January 1
2019 Balance

 
Net Realized and Unrealized Gains/(Losses)

 
Net Purchases, Issuances and Settlements

 
Net Transfers Into/(Out of) Level 3

 
December 31
2019 Balance

Fixed income securities:
 
 
 
 
 
 
 
 
 
Corporate

$2

 
 
 

$3

 


 

$5

Mortgage backed and asset backed
312

 

$11

 
137

 

$1

 
461

Equity securities:
 
 
 
 
 
 
 
 


Non-U.S. common and preferred stock


 


 
1

 
1

 
2

Real assets
4

 


 


 


 
4

Total

$318

 

$11

 

$141

 

$2

 

$472
 
January 1
2018 Balance

 
Net Realized and Unrealized Gains/(Losses)

 
Net Purchases, Issuances and Settlements

 
Net Transfers Into/(Out of) Level 3

 
December 31
2018 Balance

Fixed income securities:
 
 
 
 
 
 
 
 
 
Corporate

$2

 


 


 

 

$2

Mortgage backed and asset backed
310

 

($3
)
 

$3

 

$2

 
312

Real assets
3

 


 


 
1

 
4

Total

$315

 

($3
)
 

$3

 

$3

 

$318
Schedule Of Estimated Future Benefit Payments The table below reflects the total pension benefits expected to be paid from the plans or from our assets, including both our share of the benefit cost and the participants’ share of the cost, which is funded by participant contributions. OPB payments reflect our portion only.
Year(s)
2020

 
2021

 
2022

 
2023

 
2024

 
2025-2029

Pensions

$4,838

 

$4,808

 

$4,744

 

$4,650

 

$4,608

 

$21,757

Other postretirement benefits:
 
 
 
 
 
 
 
 
 
 
 
Gross benefits paid
479

 
470

 
462

 
450

 
435

 
1,867

Subsidies
(18
)
 
(18
)
 
(18
)
 
(18
)
 
(18
)
 
(93
)
Net other postretirement benefits

$461

 

$452

 

$444

 

$432

 

$417

 

$1,774