Retirement Benefits (Tables)

3 Months Ended

Mar. 31, 2019

Defined Benefit Plan [Abstract]

Schedule of Net Benefit Costs

The components of the net periodic benefit cost for defined benefit and other post-retirement plans are as follows:

Combined U.S. and significant non-U.S. plans	Pension Benefits						Post-retirement Benefits
For the Three Months Ended March 31,
(In millions)	2019			2018			2019			2018
Service cost	$	8		$	10		$	—		$	—
Interest cost	119			118			1			1
Expected return on plan assets	(213		)	(221		)	—			—
Amortization of prior service (credit) cost	—			—			(1		)	(1		)
Recognized actuarial loss	26			37			—			—
Net periodic benefit (credit) cost	$	(60	)	$	(56	)	$	—		$	—
Settlement loss	4			—			—			—
Total (credit) cost	$	(56	)	$	(56	)	$	—		$	—

Amounts Recorded in the Consolidated Statement of Income
Combined U.S. and significant non-U.S. plans	Pension Benefits						Post-retirement Benefits
For the Three Months Ended March 31,
(In millions)	2019			2018			2019		2018
Compensation and benefits expense (Operating income)	$	8		$	10		$	—	$	—
Other net benefit (credits) cost	(64		)	(66		)	—		—
Total (credit) cost	$	(56	)	$	(56	)	$	—	$	—

U.S. Plans only	Pension Benefits						Post-retirement Benefits
For the Three Months Ended March 31,
(In millions)	2019			2018			2019		2018
Interest cost	60			59			—		—
Expected return on plan assets	(86		)	(89		)	—		—
Recognized actuarial loss	11			13			—		—
Net periodic benefit (credit) cost	$	(15	)	$	(17	)	$	—	$	—

Significant non-U.S. plans only	Pension Benefits						Post-retirement Benefits
For the Three Months Ended March 31,
(In millions)	2019			2018			2019			2018
Service cost	$	8		$	10		$	—		$	—
Interest cost	59			59			1			1
Expected return on plan assets	(127		)	(132		)	—			—
Amortization of prior service credit	—			—			(1		)	(1		)
Recognized actuarial loss	15			24			—			—
Net periodic benefit (credit) cost	$	(45	)	$	(39	)	$	—		$	—
Settlement loss	4			—			—			—
Total (credit) cost	$	(41	)	$	(39	)	$	—		$	—

Schedule of Assumptions Used

The weighted average actuarial assumptions utilized to calculate the net periodic benefit costs for the U.S. and significant non-U.S. defined benefit plans are as follows:

Combined U.S. and significant non-U.S. plans	Pension Benefits				Post-retirement Benefits
March 31,	2019		2018		2019		2018
Weighted average assumptions:
Expected return on plan assets	5.74	%	5.83	%	—		—
Discount Rate	3.48	%	3.07	%	3.65	%	3.21	%
Rate of compensation increase	1.74	%	1.73	%	—		—