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 |
|
|