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Pensions And Other Postretirement Benefits (Tables)
 12 Months Ended
Dec. 31, 2019
Defined Benefit Plan Disclosure [Line Items]  
Changes in Benefit Obligations, Plan Assets and Funded Status

Year Ended December 31, 2019
 
Year Ended December 31, 2018

Pension Benefits
 
Global OPEB Plans
 
Pension Benefits
 
Global OPEB Plans

U.S.
 
Non-U.S.
 
 
U.S.
 
Non-U.S.
 
Change in benefit obligations
 
 
 
 
 
 
 
 
 
 
 
Beginning benefit obligation
$
61,190


$
19,904


$
5,744


$
68,450


$
22,789


$
6,374

Service cost
179


120


17


209


149


20

Interest cost
2,264


456


220


2,050


464


195

Actuarial (gains) losses
6,444


1,653


641


(4,449
)

(272
)

(389
)
Benefits paid
(4,753
)

(1,234
)

(395
)

(4,898
)

(1,595
)

(388
)
Foreign currency translation adjustments
—


561


54


—


(1,452
)

(106
)
Curtailments, settlements and other
(640
)

(62
)

23


(172
)

(179
)

38

Ending benefit obligation
64,684


21,398


6,304


61,190


19,904


5,744

Change in plan assets
 
 
 
 
 
 
 
 
 
 
 
Beginning fair value of plan assets
56,102


13,528


—


62,639


14,495


—

Actual return on plan assets
8,454


1,669


—


(1,419
)

301


—

Employer contributions
83


532


370


76


1,624


369

Benefits paid
(4,753
)

(1,234
)

(395
)

(4,898
)

(1,595
)

(388
)
Foreign currency translation adjustments
—


668


—


—


(1,106
)

—

Settlements and other
(647
)

(202
)

25


(296
)

(191
)

19

Ending fair value of plan assets
59,239


14,961


—


56,102


13,528


—

Ending funded status
$
(5,445
)

$
(6,437
)

$
(6,304
)

$
(5,088
)

$
(6,376
)

$
(5,744
)
Amounts recorded in the consolidated balance sheets
 
 
 
 
 
 
 
 
 
 
 
Non-current assets
$
—


$
698


$
—


$
—


$
496


$
—

Current liabilities
(68
)

(342
)

(369
)

(73
)

(349
)

(374
)
Non-current liabilities
(5,377
)

(6,793
)

(5,935
)

(5,015
)

(6,523
)

(5,370
)
Net amount recorded
$
(5,445
)

$
(6,437
)

$
(6,304
)

$
(5,088
)

$
(6,376
)

$
(5,744
)
Amounts recorded in Accumulated other comprehensive loss
 
 
 
 
 
 
 
 
 
 
 
Net actuarial loss
$
(1,980
)

$
(4,688
)

$
(1,364
)

$
(752
)

$
(3,983
)

$
(752
)
Net prior service (cost) credit
14


(78
)

27


19


(64
)

34

Total recorded in Accumulated other comprehensive loss
$
(1,966
)

$
(4,766
)

$
(1,337
)

$
(733
)

$
(4,047
)

$
(718
)
Schedule of amounts recorded in the consolidated balance sheets

Year Ended December 31, 2019
 
Year Ended December 31, 2018

Pension Benefits
 
Global OPEB Plans
 
Pension Benefits
 
Global OPEB Plans

U.S.
 
Non-U.S.
 
 
U.S.
 
Non-U.S.
 
Change in benefit obligations
 
 
 
 
 
 
 
 
 
 
 
Beginning benefit obligation
$
61,190


$
19,904


$
5,744


$
68,450


$
22,789


$
6,374

Service cost
179


120


17


209


149


20

Interest cost
2,264


456


220


2,050


464


195

Actuarial (gains) losses
6,444


1,653


641


(4,449
)

(272
)

(389
)
Benefits paid
(4,753
)

(1,234
)

(395
)

(4,898
)

(1,595
)

(388
)
Foreign currency translation adjustments
—


561


54


—


(1,452
)

(106
)
Curtailments, settlements and other
(640
)

(62
)

23


(172
)

(179
)

38

Ending benefit obligation
64,684


21,398


6,304


61,190


19,904


5,744

Change in plan assets
 
 
 
 
 
 
 
 
 
 
 
Beginning fair value of plan assets
56,102


13,528


—


62,639


14,495


—

Actual return on plan assets
8,454


1,669


—


(1,419
)

301


—

Employer contributions
83


532


370


76


1,624


369

Benefits paid
(4,753
)

(1,234
)

(395
)

(4,898
)

(1,595
)

(388
)
Foreign currency translation adjustments
—


668


—


—


(1,106
)

—

Settlements and other
(647
)

(202
)

25


(296
)

(191
)

19

Ending fair value of plan assets
59,239


14,961


—


56,102


13,528


—

Ending funded status
$
(5,445
)

$
(6,437
)

$
(6,304
)

$
(5,088
)

$
(6,376
)

$
(5,744
)
Amounts recorded in the consolidated balance sheets
 
 
 
 
 
 
 
 
 
 
 
Non-current assets
$
—


$
698


$
—


$
—


$
496


$
—

Current liabilities
(68
)

(342
)

(369
)

(73
)

(349
)

(374
)
Non-current liabilities
(5,377
)

(6,793
)

(5,935
)

(5,015
)

(6,523
)

(5,370
)
Net amount recorded
$
(5,445
)

$
(6,437
)

$
(6,304
)

$
(5,088
)

$
(6,376
)

$
(5,744
)
Amounts recorded in Accumulated other comprehensive loss
 
 
 
 
 
 
 
 
 
 
 
Net actuarial loss
$
(1,980
)

$
(4,688
)

$
(1,364
)

$
(752
)

$
(3,983
)

$
(752
)
Net prior service (cost) credit
14


(78
)

27


19


(64
)

34

Total recorded in Accumulated other comprehensive loss
$
(1,966
)

$
(4,766
)

$
(1,337
)

$
(733
)

$
(4,047
)

$
(718
)
Schedule of Projected Benefit Obligations in Excess of Fair Value of Plan Assets
The following table summarizes the total accumulated benefit obligations (ABO), the ABO and fair value of plan assets for defined benefit pension plans with ABO in excess of plan assets, and the PBO and fair value of plan assets for defined benefit pension plans with PBO in excess of plan assets:
 
December 31, 2019
 
December 31, 2018
 
U.S.
 
Non-U.S.
 
U.S.
 
Non-U.S.
ABO
$
64,669

 
$
21,319

 
$
61,177

 
$
19,822

Plans with ABO in excess of plan assets
 
 
 
 
 
 
 
ABO
$
64,669

 
$
10,996

 
$
61,177

 
$
10,289

Fair value of plan assets
$
59,239

 
$
3,940

 
$
56,102

 
$
3,485

Plans with PBO in excess of plan assets
 
 
 
 
 
 
 
PBO
$
64,684

 
$
11,079

 
$
61,190

 
$
10,356

Fair value of plan assets
$
59,239

 
$
3,940

 
$
56,102

 
$
3,485
Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets
The following table summarizes the total accumulated benefit obligations (ABO), the ABO and fair value of plan assets for defined benefit pension plans with ABO in excess of plan assets, and the PBO and fair value of plan assets for defined benefit pension plans with PBO in excess of plan assets:
 
December 31, 2019
 
December 31, 2018
 
U.S.
 
Non-U.S.
 
U.S.
 
Non-U.S.
ABO
$
64,669

 
$
21,319

 
$
61,177

 
$
19,822

Plans with ABO in excess of plan assets
 
 
 
 
 
 
 
ABO
$
64,669

 
$
10,996

 
$
61,177

 
$
10,289

Fair value of plan assets
$
59,239

 
$
3,940

 
$
56,102

 
$
3,485

Plans with PBO in excess of plan assets
 
 
 
 
 
 
 
PBO
$
64,684

 
$
11,079

 
$
61,190

 
$
10,356

Fair value of plan assets
$
59,239

 
$
3,940

 
$
56,102

 
$
3,485
Schedule of Net Periodic Pension and OPEB expense
The following table summarizes the components of net periodic pension and OPEB expense along with the assumptions used to determine benefit obligations:

Year Ended December 31, 2019
 
Year Ended December 31, 2018
 
Year Ended December 31, 2017

Pension Benefits
 
Global OPEB Plans
 
Pension Benefits
 
Global OPEB Plans
 
Pension Benefits
 
Global OPEB Plans

U.S.
 
Non-U.S.
 
 
U.S.
 
Non-U.S.
 
 
U.S.
 
Non-U.S.
 
Components of expense
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Service cost
$
393


$
132


$
17


$
330


$
163


$
20


$
315

 
$
199


$
19

Interest cost
2,264


456


220


2,050


464


195


2,145

 
473


202

Expected return on plan assets
(3,483
)

(786
)

—


(3,890
)

(825
)

—


(3,677
)
 
(750
)

—

Amortization of net actuarial (gains) losses
11


122


30


10


144


54


(6
)
 
157


23

Curtailments, settlements and other
21


142


(23
)

(19
)

43


(19
)

(37
)
 
8


(5
)
Net periodic pension and OPEB (income) expense
$
(794
)

$
66


$
244


$
(1,519
)

$
(11
)

$
250


$
(1,260
)

$
87


$
239

Weighted-average assumptions used to determine benefit obligations(a)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Discount rate
3.20
%
 
2.16
%
 
3.24
%
 
4.22
%
 
2.86
%
 
4.19
%
 
3.53
%
 
2.66
%
 
3.52
%
Weighted-average assumptions used to determine net expense(a)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Discount rate
3.92
%
 
3.36
%
 
4.07
%
 
3.19
%
 
2.99
%
 
3.29
%
 
3.35
%
 
2.94
%
 
3.39
%
Expected rate of return on plan assets
6.37
%
 
5.76
%
 
N/A

 
6.61
%
 
6.09
%
 
N/A

 
6.23
%
 
5.82
%
 
N/A

_________
(a)
The rate of compensation increase does not have a significant effect on our U.S. pension and OPEB plans.
Schedule of Assumptions Used
The following table summarizes the components of net periodic pension and OPEB expense along with the assumptions used to determine benefit obligations:

Year Ended December 31, 2019
 
Year Ended December 31, 2018
 
Year Ended December 31, 2017

Pension Benefits
 
Global OPEB Plans
 
Pension Benefits
 
Global OPEB Plans
 
Pension Benefits
 
Global OPEB Plans

U.S.
 
Non-U.S.
 
 
U.S.
 
Non-U.S.
 
 
U.S.
 
Non-U.S.
 
Components of expense
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Service cost
$
393


$
132


$
17


$
330


$
163


$
20


$
315

 
$
199


$
19

Interest cost
2,264


456


220


2,050


464


195


2,145

 
473


202

Expected return on plan assets
(3,483
)

(786
)

—


(3,890
)

(825
)

—


(3,677
)
 
(750
)

—

Amortization of net actuarial (gains) losses
11


122


30


10


144


54


(6
)
 
157


23

Curtailments, settlements and other
21


142


(23
)

(19
)

43


(19
)

(37
)
 
8


(5
)
Net periodic pension and OPEB (income) expense
$
(794
)

$
66


$
244


$
(1,519
)

$
(11
)

$
250


$
(1,260
)

$
87


$
239

Weighted-average assumptions used to determine benefit obligations(a)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Discount rate
3.20
%
 
2.16
%
 
3.24
%
 
4.22
%
 
2.86
%
 
4.19
%
 
3.53
%
 
2.66
%
 
3.52
%
Weighted-average assumptions used to determine net expense(a)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Discount rate
3.92
%
 
3.36
%
 
4.07
%
 
3.19
%
 
2.99
%
 
3.29
%
 
3.35
%
 
2.94
%
 
3.39
%
Expected rate of return on plan assets
6.37
%
 
5.76
%
 
N/A

 
6.61
%
 
6.09
%
 
N/A

 
6.23
%
 
5.82
%
 
N/A

_________
(a)
The rate of compensation increase does not have a significant effect on our U.S. pension and OPEB plans.
Schedule of Expected Net Benefit Payments The following table summarizes net benefit payments expected to be paid in the future, which include assumptions related to estimated future employee service:
 
Pension Benefits
 
Global OPEB Plans
 
U.S. Plans
 
Non-U.S. Plans
 
2020
$
4,942

 
$
1,529

 
$
372

2021
$
4,755

 
$
1,201

 
$
369

2022
$
4,631

 
$
1,164

 
$
365

2023
$
4,515

 
$
1,130

 
$
360

2024
$
4,407

 
$
1,104

 
$
357

2025 - 2029
$
20,257

 
$
5,166

 
$
1,755
Pension Plan  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of contributions to defined benefit pension plans The following table summarizes contributions made to the defined benefit pension plans:
 
Years Ended December 31,
 
2019

2018

2017
U.S. hourly and salaried
$
83


$
76


$
77

Non-U.S.
532


1,624


1,153

Total
$
615


$
1,700


$
1,230
Schedules of Fair Value of Plan Assets by Asset Class and Target Allocations The following table summarizes the target allocations by asset category for U.S. and non-U.S. defined benefit pension plans:

December 31, 2019
 
December 31, 2018

U.S.
 
Non-U.S.
 
U.S.
 
Non-U.S.
Equity
12
%

14
%

12
%

14
%
Debt
64
%

67
%

64
%

66
%
Other(a)
24
%

19
%

24
%

20
%
Total
100
%
 
100
%
 
100
%
 
100
%

__________
(a)
Primarily includes private equity, real estate and absolute return strategies which mainly consist of hedge funds.

Assets and Fair Value Measurements The following tables summarize the fair value of U.S. and non-U.S. defined benefit pension plan assets by asset class:

December 31, 2019
 
December 31, 2018

Level 1
 
Level 2
 
Level 3
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Total
U.S. Pension Plan Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Common and preferred stocks
$
6,232


$
19


$
1


$
6,252


$
4,914


$
18


$
2


$
4,934

Government and agency debt securities(a)
—


13,843


—


13,843


—


12,077


—


12,077

Corporate and other debt securities
—


24,809


—


24,809


—


24,645


—


24,645

Other investments, net(b)
(47
)

25


401


379


350


80


371


801

Net plan assets subject to leveling
$
6,185


$
38,696


$
402


45,283


$
5,264


$
36,820


$
373


42,457

Plan assets measured at net asset value
 
 
 
 
 




 
 
 
 
 



Investment funds
 
 
 
 
 

7,031


 
 
 
 
 

6,465

Private equity and debt investments
 
 
 
 
 

2,951


 
 
 
 
 

3,021

Real estate investments
 
 
 
 
 

3,484


 
 
 
 
 

3,504

Total plan assets measured at net asset value
 
 
 
 
 

13,466


 
 
 
 
 

12,990

Other plan assets, net(c)
 
 
 
 
 

490


 
 
 
 
 

655

Net plan assets
 
 
 
 
 

$
59,239


 
 
 
 
 

$
56,102



December 31, 2019
 
December 31, 2018

Level 1
 
Level 2
 
Level 3
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Total
Non-U.S. Pension Plan Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Common and preferred stocks
$
489


$
1


$
—


$
490


$
441


$
1


$
5


$
447

Government and agency debt securities(a)
—


3,927


—


3,927


—


3,640


—


3,640

Corporate and other debt securities
—


3,230


—


3,230


—


2,589


1


2,590

Other investments, net(b)(d)
(5
)

(107
)

248


136


59


128


242


429

Net plan assets subject to leveling
$
484


$
7,051


$
248


7,783


$
500


$
6,358


$
248


7,106

Plan assets measured at net asset value
 
 
 
 
 

 

 
 
 
 
 



Investment funds
 
 
 
 
 

5,608


 
 
 
 
 

5,081

Private equity and debt investments
 
 
 
 
 

511


 
 
 
 
 

526

Real estate investments
 
 
 
 
 

982


 
 
 
 
 

980

Total plan assets measured at net asset value
 
 
 
 
 

7,101


 
 
 
 
 

6,587

Other plan assets (liabilities), net(c)
 
 
 
 
 

77


 
 
 
 
 

(165
)
Net plan assets
 
 
 
 
 

$
14,961


 
 
 
 
 

$
13,528

__________
(a)
Includes U.S. and sovereign government and agency issues.
(b)
Includes net derivative assets (liabilities).
(c)
Cash held by the plans, net of amounts receivable/payable for unsettled security transactions and payables for investment manager fees, custody fees and other expenses.
(d)
Level 2 Other investments, net includes Canadian reverse repurchase agreements.