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Note 14 - Retirement Plans and Other Postretirement Benefits (Tables)
6 Months Ended
Jun. 30, 2021
Compensation And Retirement Disclosure [Abstract]  
Component of the Net Periodic benefit Cost

 

Components of the net periodic benefit cost for all major U.S. and non-U.S. defined benefit plans are as follows:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

(in millions)

 

U.S.

 

 

Non-U.S.

 

 

U.S.

 

 

Non-U.S.

 

 

U.S.

 

 

Non-U.S.

 

 

U.S.

 

 

Non-U.S.

 

Major defined benefit plans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

2

 

 

$

1

 

 

$

3

 

 

$

1

 

 

$

5

 

 

$

2

 

 

$

6

 

 

$

2

 

Interest cost

 

 

12

 

 

 

1

 

 

 

22

 

 

 

2

 

 

 

24

 

 

 

2

 

 

 

43

 

 

 

4

 

Expected return on plan assets

 

 

(42

)

 

 

(4

)

 

 

(49

)

 

 

(4

)

 

 

(84

)

 

 

(7

)

 

 

(98

)

 

 

(9

)

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior service credit

 

 

(1

)

 

 

 

 

 

(1

)

 

 

 

 

 

(3

)

 

 

 

 

 

(3

)

 

 

 

Actuarial loss

 

 

8

 

 

 

2

 

 

 

3

 

 

 

1

 

 

 

15

 

 

 

4

 

 

 

7

 

 

 

3

 

Net pension (income) expense

   before special termination

   benefits

 

 

(21

)

 

 

 

 

 

(22

)

 

 

 

 

 

(43

)

 

 

1

 

 

 

(45

)

 

 

 

Special termination benefits

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

 

 

 

 

Net pension (income) expense

   from major plans

 

 

(21

)

 

 

 

 

 

(22

)

 

 

 

 

 

(43

)

 

 

1

 

 

 

(44

)

 

 

 

Other plans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

 

Total net pension (income)

   expense

 

$

(21

)

 

$

 

 

$

(22

)

 

$

 

 

$

(43

)

 

$

1

 

 

$

(44

)

 

$

1