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EMPLOYEE BENEFITS (Tables)
9 Months Ended
Sep. 30, 2019
Defined Benefit Plan Disclosure [Line Items]  
Components of net periodic benefit cost

 

Pension

 

Postretirement

 

 

U.S.

 

Non-U.S.

 

 

 

 

U.S.

 

Non-U.S.

 

 

(in millions)

 

Plans

 

Plans

 

Total

 

 

Plans

 

Plans

 

Total

Three Months Ended September 30, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

Components of net periodic benefit cost:

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

$

2

$

6

$

8

 

$

-

$

-

$

-

Interest cost

 

44

 

3

 

47

 

 

2

 

-

 

2

Expected return on assets

 

(58)

 

(5)

 

(63)

 

 

-

 

-

 

-

Amortization of prior service cost

 

-

 

-

 

-

 

 

-

 

-

 

-

Amortization of net loss

 

9

 

1

 

10

 

 

-

 

-

 

-

Net periodic benefit cost (credit)

 

(3)

 

5

 

2

 

 

2

 

-

 

2

Settlement charges

 

-

 

-

 

-

 

 

-

 

-

 

-

Net benefit cost (credit)

$

(3)

$

5

$

2

 

$

2

$

-

$

2

Three Months Ended September 30, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

Components of net periodic benefit cost:

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

$

-

$

6

$

6

 

$

-

$

-

$

-

Interest cost

 

41

 

4

 

45

 

 

1

 

1

 

2

Expected return on assets

 

(72)

 

(6)

 

(78)

 

 

-

 

-

 

-

Amortization of prior service cost

 

-

 

-

 

-

 

 

-

 

-

 

-

Amortization of net loss

 

7

 

2

 

9

 

 

-

 

-

 

-

Net periodic benefit cost (credit)

 

(24)

 

6

 

(18)

 

 

1

 

1

 

2

Settlement charges

 

-

 

-

 

-

 

 

-

 

-

 

-

Net benefit cost (credit)

$

(24)

$

6

$

(18)

 

$

1

$

1

$

2

Nine Months Ended September 30, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

Components of net periodic benefit cost:

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

$

7

$

16

$

23

 

$

1

$

-

$

1

Interest cost

 

131

 

11

 

142

 

 

5

 

1

 

6

Expected return on assets

 

(172)

 

(16)

 

(188)

 

 

-

 

-

 

-

Amortization of prior service cost (credit)

 

-

 

1

 

1

 

 

-

 

(1)

 

(1)

Amortization of net (gain) loss

 

25

 

4

 

29

 

 

(1)

 

-

 

(1)

Net periodic benefit cost (credit)

 

(9)

 

16

 

7

 

 

5

 

-

 

5

Settlement credit

 

-

 

(3)

 

(3)

 

 

-

 

-

 

-

Net benefit cost (credit)

$

(9)

$

13

$

4

 

$

5

$

-

$

5

Nine Months Ended September 30, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

Components of net periodic benefit cost:

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

$

4

$

17

$

21

 

$

1

$

1

$

2

Interest cost

 

122

 

12

 

134

 

 

4

 

2

 

6

Expected return on assets

 

(213)

 

(19)

 

(232)

 

 

-

 

-

 

-

Amortization of prior service cost (credit)

 

-

 

1

 

1

 

 

(1)

 

(1)

 

(2)

Amortization of net loss

 

21

 

6

 

27

 

 

-

 

-

 

-

Net periodic benefit cost (credit)

 

(66)

 

17

 

(49)

 

 

4

 

2

 

6

Settlement charges

 

-

 

-

 

-

 

 

-

 

-

 

-

Net benefit cost (credit)

$

(66)

$

17

$

(49)

 

$

4

$

2

$

6