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EMPLOYEE BENEFITS (Tables)
3 Months Ended
Mar. 31, 2020
Defined Benefit Plan Disclosure [Line Items]  
Components of net periodic benefit cost

 

Pension

 

 

U.S.

 

Non-U.S.

 

 

(in millions)

 

Plans

 

Plans

 

Total

Three Months Ended March 31, 2020

 

 

 

 

 

 

Components of net periodic benefit cost:

 

 

 

 

 

 

Service cost

$

1

$

5

$

6

Interest cost

 

34

 

3

 

37

Expected return on assets

 

(60)

 

(5)

 

(65)

Amortization of net loss

 

8

 

2

 

10

Net periodic benefit cost (credit)

 

(17)

 

5

 

(12)

Three Months Ended March 31, 2019

 

 

 

 

 

 

Components of net periodic benefit cost:

 

 

 

 

 

 

Service cost

$

2

$

6

$

8

Interest cost

 

44

 

4

 

48

Expected return on assets

 

(57)

 

(5)

 

(62)

Amortization of net loss

 

8

 

1

 

9

Net periodic benefit cost (credit)

 

(3)

 

6

 

3

Settlement (credit) charges

 

-

 

(4)

 

(4)

Net benefit cost (credit)

$

(3)

$

2

$

(1)