XML 23 R45.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Pension and Postretirement Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2019
Components of Net Periodic Benefit Cost (Credit) and Other Amounts Recognized in OCI [Table Text Block]
Components of net periodic benefit cost (credit) and other amounts recognized in OCI
 
Pension Benefits
 
2019
 
2018
 
2017
 
U.S.
 
Non-U.S.
 
U.S.
 
Non-U.S.
 
U.S.
 
Non-U.S.
Interest cost
$
40

 
$
8

 
$
43

 
$
7

 
$
51

 
$
7

Expected return on plan assets
(51
)
 
(3
)
 
(71
)
 
(3
)
 
(82
)
 
(3
)
Service cost


 
8

 


 
7

 


 
7

Amortization of net actuarial loss
22

 
6

 
28

 
6

 
23

 
7

Settlement charge
256

 
3

 
 
 
 
 
 
 
 
Termination benefit
 
 


 
 
 


 
 
 
1

Curtailment
 
 
(1
)
 
 
 
 
 
 
 
 
Other


 


 


 
2

 


 


Net periodic benefit cost (credit)
267

 
21

 

 
19

 
(8
)
 
19

 
 
 
 
 
 
 
 
 
 
 
 
Recognized in OCI:
 

 
 

 
 

 
 

 
 

 
 

Amount due to net actuarial (gains) losses
(107
)
 
33

 
11

 
4

 
22

 
4

Reclassification adjustment for net actuarial losses in net periodic benefit cost
(278
)
 
(9
)
 
(28
)
 
(6
)
 
(23
)
 
(7
)
Curtailment
 
 


 
 
 


 
 
 
(1
)
Other


 


 


 
(2
)
 


 


Total recognized in OCI
(385
)
 
24

 
(17
)
 
(4
)
 
(1
)
 
(4
)
Net recognized in benefit cost (credit) and OCI
$
(118
)
 
$
45

 
$
(17
)
 
$
15

 
$
(9
)
 
$
15


 
OPEB
 
2019
 
2018
 
2017
 
U.S.
 
Non-U.S.
 
Non-U.S.
 
Non-U.S.
Interest cost
$

 
$
3

 
$
3

 
$
3

Service cost
 
 


 
1

 
1

Amortization of net actuarial gain
 
 
(1
)
 


 


Net periodic benefit cost

 
2

 
4

 
4

 
 
 
 
 
 
 
 
Recognized in OCI:
 
 
 

 
 

 
 

Amount due to net actuarial (gains) losses
1

 
2

 
(7
)
 
2

Reclassification adjustment for net actuarial gain in net periodic benefit cost
 
 
1

 


 


Total recognized in OCI
1

 
3

 
(7
)
 
2

Net recognized in benefit cost (credit) and OCI
$
1

 
$
5

 
$
(3
)
 
$
6



Reconciliation of Changes in Benefit Obligations, Plan Assets and Funded Status [Table Text Block]
Funded status — The following tables provide reconciliations of the changes in benefit obligations, plan assets and funded status.
 
Pension Benefits
 
OPEB
 
2019
 
2018
 
2019
 
2018
 
U.S.
 
Non-U.S.
 
U.S.
 
Non-U.S.
 
U.S.
 
Non-U.S.
 
Non-U.S.
Reconciliation of benefit obligation:
 

 
 

 
 

 
 

 
 
 
 

 
 

Obligation at beginning of period
$
1,501

 
$
364

 
$
1,730

 
$
377

 
$

 
$
83

 
$
99

Interest cost
40

 
8

 
43

 
7

 
 
 
3

 
3

Service cost


 
8

 


 
7

 
 
 


 
1

Actuarial (gain) loss
13

 
41

 
(148
)
 
7

 
1

 
2

 
(7
)
Benefit payments
(90
)
 
(14
)
 
(124
)
 
(14
)
 
(1
)
 
(4
)
 
(5
)
Acquisitions
161

 
25

 
 
 


 
3

 
 
 
 
Settlements
(853
)
 
(13
)
 


 
(2
)
 
 
 


 


Curtailment
 
 
(1
)
 
 
 


 
 
 
 
 
 
Translation adjustments


 
(6
)
 


 
(18
)
 
 
 
4

 
(8
)
Obligation at end of period
$
772

 
$
412

 
$
1,501

 
$
364

 
$
3

 
$
88

 
$
83


 
Pension Benefits
 
OPEB
 
2019
 
2018
 
2019
 
2018
 
U.S.
 
Non-U.S.
 
U.S.
 
Non-U.S.
 
U.S.
 
Non-U.S.
 
Non-U.S.
Reconciliation of fair value of plan assets:
 

 
 

 
 

 
 

 
 
 
 

 
 

Fair value at beginning of period
$
1,301

 
$
71

 
$
1,513

 
$
71

 
$

 
$

 
$

Actual return on plan assets
171

 
11

 
(88
)
 
6

 
 
 


 


Employer contributions
59

 
17

 


 
16

 
1

 
4

 
5

Benefit payments
(90
)
 
(14
)
 
(124
)
 
(14
)
 
(1
)
 
(4
)
 
(5
)
Settlements
(853
)
 
(13
)
 


 
(2
)
 
 
 


 


Acquisitions
136

 
7

 
 
 


 
 
 
 
 
 
Translation adjustments


 
(1
)
 


 
(6
)
 
 
 


 


Fair value at end of period
$
724

 
$
78

 
$
1,301

 
$
71

 
$

 
$

 
$

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Funded status at end of period
$
(48
)
 
$
(334
)
 
$
(200
)
 
$
(293
)
 
$
(3
)
 
$
(88
)
 
$
(83
)

Amounts Recognized in the Balance Sheet [Table Text Block]
Amounts recognized in the balance sheet
 
Pension Benefits
 
OPEB
 
2019
 
2018
 
2019
 
2018
 
U.S.
 
Non-U.S.
 
U.S.
 
Non-U.S.
 
U.S.
 
Non-U.S.
 
Non-U.S.
Amounts recognized in the consolidated balance sheet:
 
 
 

 
 

 
 

 
 
 
 

 
 

Noncurrent assets
$

 
$
4

 
$

 
$
3

 
$

 
$

 
$

Current liabilities


 
(13
)
 


 
(13
)
 
 
 
(5
)
 
(5
)
Noncurrent liabilities
(48
)
 
(325
)
 
(200
)
 
(283
)
 
(3
)
 
(83
)
 
(78
)
Net amount recognized
$
(48
)
 
$
(334
)
 
$
(200
)
 
$
(293
)
 
$
(3
)
 
$
(88
)
 
$
(83
)

Amounts recognized in AOCI
 
Pension Benefits
 
OPEB
 
2019
 
2018
 
2019
 
2018
 
U.S.
 
Non-U.S.
 
U.S.
 
Non-U.S.
 
U.S.
 
Non-U.S.
 
Non-U.S.
Amounts recognized in AOCI:
 

 
 

 
 

 
 

 
 
 
 

 
 

Net actuarial loss (gain)
$
157

 
$
108

 
$
542

 
$
84

 
$
1

 
$
(12
)
 
$
(15
)
AOCI before tax
157

 
108

 
542

 
84

 
1

 
(12
)
 
(15
)
Deferred taxes
13

 
(28
)
 
(6
)
 
(22
)
 
 
 
4

 
4

Net
$
170

 
$
80

 
$
536

 
$
62

 
$
1

 
$
(8
)
 
$
(11
)

Aggregate Funding Levels [Table Text Block]
Aggregate funding levels — The following table presents information regarding the aggregate funding levels of our defined benefit pension plans at December 31:
 
2019
 
2018
 
U.S.
 
Non-U.S.
 
U.S.
 
Non-U.S.
Plans with fair value of plan assets in excess of obligations:
 

 
 

 
 

 
 

Accumulated benefit obligation
$
15

 
$
17

 
$
14

 
$
15

Projected benefit obligation
15

 
17

 
14

 
16

Fair value of plan assets
16

 
21

 
15

 
19

Plans with obligations in excess of fair value of plan assets:
 
 
 
 
 

 
 

Accumulated benefit obligation
$
757

 
$
363

 
$
1,487

 
$
322

Projected benefit obligation
757

 
395

 
1,487

 
348

Fair value of plan assets
708

 
57

 
1,286

 
52


Fair Value of Pension Plan Assets [Table Text Block]
Fair value of pension plan assets
 
 
 
 
Fair Value Measurements at December 31, 2019
 
 
 
 
U.S.
 
Non-U.S.
Asset Category
 
Total
 
Level 1
 
Level 2
 
Level 3
 
NAV (a)
 
Level 1
 
Level 2
 
Level 3
Equity securities:
 
 

 
 

 
 

 
 

 
 
 
 
 
 

 
 

U.S. all cap (b)
 
$
39

 
$
39

 
$

 
$

 
$

 
$

 
$

 
$

U.S. large cap
 
28

 


 


 


 
28

 
 
 


 


EAFE composite
 
19

 


 


 


 
19

 
 
 


 


Emerging markets
 
9

 


 


 


 
9

 


 


 


Fixed income securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Corporate bonds
 
492

 


 
186

 


 
306

 
 
 


 


U.S. Treasury strips
 
37

 


 
37

 


 
 
 
 
 


 


Non-U.S. government securities
 
21

 


 


 


 
 
 
 
 
21

 


Emerging market debt
 
11

 


 


 


 
11

 
 
 


 


Alternative investments:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Insurance contracts (d)
 
50

 


 


 
4

 


 
 
 


 
46

Real estate
 
20

 


 


 


 
20

 
 
 


 


Other
 
11

 


 


 


 
 
 
 
 
11

 


Cash and cash equivalents
 
65

 


 
65

 


 
 
 


 


 


Total
 
$
802

 
$
39

 
$
288

 
$
4

 
$
393

 
$

 
$
32

 
$
46


 
 
 
 
Fair Value Measurements at December 31, 2018
 
 
 
 
U.S.
 
Non-U.S.
Asset Category
 
Total
 
Level 1
 
Level 2
 
NAV (a)
 
Level 1
 
Level 2
 
Level 3
Equity securities:
 
 

 
 

 
 

 
 
 
 
 
 

 
 

U.S. all cap (b)
 
$
35

 
$
35

 
$

 
$

 
$

 
$

 
$

U.S. large cap
 
43

 


 


 
43

 
 
 


 


U.S. small cap
 
4

 
4

 
 
 
 
 
 
 
 
 
 
EAFE composite
 
41

 


 


 
41

 
 
 


 


Emerging markets
 
28

 


 


 
28

 


 


 


Fixed income securities:
 
 

 
 
 
 
 
 
 
 
 
 
 
 
U.S. bonds (c)
 
33

 


 
33

 


 
 
 


 


Corporate bonds
 
814

 


 
616

 
198

 
 
 


 


U.S. Treasury strips
 
115

 


 
115

 
 
 
 
 


 


Non-U.S. government securities
 
25

 


 


 
 
 
 
 
25

 


Emerging market debt
 
48

 


 


 
48

 
 
 


 


Alternative investments:
 
 

 
 
 
 
 
 
 
 
 
 
 
 
Insurance contracts (d)
 
35

 


 


 
 
 
 
 


 
35

Real estate
 
21

 


 


 
21

 
 
 


 


Other
 
10

 


 


 
 
 
 
 
10

 


Cash and cash equivalents
 
120

 


 
119

 
 
 
 
 
1

 


Total
 
$
1,372

 
$
39

 
$
883

 
$
379

 
$

 
$
36

 
$
35

________________________________
Notes:
(a)
Certain assets are measured at fair value using the net asset value (NAV) per share (or its equivalent) practical expedient and have not been classified in the fair value hierarchy.
(b)
This category comprises a combination of small-, mid- and large-cap equity stocks that are allocated at the investment manager's discretion. Investments include common and preferred securities as well as equity funds that invest in these instruments.
(c)
This category represents a combination of high-yield and investment grade corporate bonds, sovereign bonds, Yankee bonds, asset-backed securities and U.S. government bonds. Investments include fixed income funds that invest in these instruments.
(d)
This category comprises contracts placed with insurance companies where the underlying assets are invested in fixed interest securities.
Reconciliation of Level 3 Assets [Table Text Block]
 
 
2019
 
2019
 
2018
 
 
U.S.
 
Non-U.S.
 
Non-U.S.
Reconciliation of Level 3 Assets
 
Insurance
Contracts
 
Insurance
Contracts
 
Insurance
Contracts
Fair value at beginning of period
 
$

 
$
35

 
$
33

Actual gains relating to assets still held at the reporting date
 
 
 
7

 
4

Purchases, sales and settlements
 
4

 
5

 
(1
)
Currency impact
 
 
 
(1
)
 
(1
)
Fair value at end of period
 
$
4

 
$
46

 
$
35


One-Percentage-Point Change in Assumed Health Care Cost Trend Rates [Table Text Block]
A one-percentage-point change in assumed health care cost trend rates would have the following effects for 2019:
 
1% Point
Increase
 
1% Point
Decrease
Effect on total of service and interest cost components
$

 
$

Effect on OPEB obligations
9

 
(8
)

Expected Future Benefit Payments [Table Text Block]
Estimated future benefit payments and contributions — Expected benefit payments by our pension and OPEB plans for each of the next five years and for the following five-year period are as follows:
 
 
Pension Benefits
 
OPEB
Year
 
U.S.
 
Non-U.S.
 
U.S.
 
Non-U.S.
2020
 
$
52

 
$
19

 
$

 
$
5

2021
 
52

 
15

 
 
 
5

2022
 
52

 
17

 
 
 
5

2023
 
51

 
17

 
 
 
5

2024
 
50

 
20

 
 
 
5

2025 to 2029
 
236

 
103

 
1

 
24

Total
 
$
493

 
$
191

 
$
1

 
$
49


Multiemployer Pension Plans [Table Text Block]
 
 
Employer
Identification
Number/
Plan Number
 
PPA
Zone Status
 
Funding Plan Pending/
Implemented
 
Contributions by Dana
 
Surcharge
Imposed
Pension
Fund
 
 
2019
 
2018
 
 
2019
 
2018
 
2017
 
SPT
 
23-6648508 / 499
 
Green
 
Green
 
No
 
$
13

 
$
12

 
$
11

 
No

Pension Plan [Member]  
Significant Weighted Average Assumptions Used [Table Text Block]
Significant assumptions — The significant weighted-average assumptions used in the measurement of pension benefit obligations at December 31 of each year and the net periodic benefit cost for each year are as follows:
 
2019
 
2018
 
2017
 
U.S.
 
Non-U.S.
 
U.S.
 
Non-U.S.
 
U.S.
 
Non-U.S.
Pension benefit obligations:
 

 
 

 
 

 
 

 
 

 
 

Discount rate
3.21
%
 
1.72
%
 
4.22
%
 
2.42
%
 
3.55
%
 
2.25
%
Net periodic benefit cost:
 
 
 
 
 

 
 

 
 

 
 

Discount rate
3.41
%
 
2.50
%
 
2.56
%
 
2.54
%
 
3.24
%
 
2.34
%
Rate of compensation increase
N/A

 
3.28
%
 
N/A

 
3.21
%
 
N/A

 
3.33
%
Expected return on plan assets
6.00
%
 
4.61
%
 
6.00
%
 
4.66
%
 
6.00
%
 
5.92
%

Other Postretirement Benefits Plan [Member]  
Significant Weighted Average Assumptions Used [Table Text Block]
The significant weighted-average assumptions used in the measurement of OPEB obligations at December 31 of each year and the net periodic benefit cost for each year are as follows:
 
2019
 
2018
 
2017
 
U.S.
 
Non-U.S.
 
Non-U.S.
 
Non-U.S.
OPEB benefit obligations:
 
 
 

 
 

 
 

Discount rate
3.37
%
 
3.10
%
 
3.71
%
 
3.41
%
Net periodic benefit cost:
 
 
 
 
 

 
 

Discount rate
4.08
%
 
3.76
%
 
3.42
%
 
3.70
%
Initial health care cost trend rate
N/A

 
4.22
%
 
4.12
%
 
5.07
%
Ultimate health care cost trend rate
N/A

 
4.93
%
 
5.10
%
 
5.07
%
Year ultimate reached
N/A

 
2023

 
2023

 
2018