XML 91 R107.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Pension and Postretirement Benefits - Change in Projected Benefit Obligation and Plan Assets (Detail) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Change in plan assets:      
Fair value of plan assets at beginning of year $ 1,153    
Fair value of plan assets at end of year 1,267 $ 1,153  
Pension Plans [Member] | U.S. Pension Plans [Member]      
Change in projected benefit obligation:      
Projected benefit obligation at beginning of year 481 511  
Acquisition [1]   16  
Interest cost 19 18 $ 20
Actuarial loss (gain) 40 (27)  
Benefits paid (37) (37)  
Projected benefit obligation at end of year 503 481 511
Change in plan assets:      
Fair value of plan assets at beginning of year 450 497  
Acquisition [1]   12  
Actual return (loss) on plan assets 78 (23)  
Company contributions 1 1  
Benefits paid (37) (37)  
Fair value of plan assets at end of year 492 450 497
Net funded status (11) (31)  
Amounts recognized in balance sheet consist of:      
Prepaid benefit cost within Other non-current assets 9    
Accrued benefit cost within accrued liabilities (1) (2)  
Accrued benefit cost within Other non-current liabilities (19) (29)  
Net funded status recognized (11) (31)  
Pension Plans [Member] | Non-U. S. Pension Plans [Member]      
Change in projected benefit obligation:      
Projected benefit obligation at beginning of year 902    
Acquisition [1]   933  
Service cost 11 8  
Interest cost 18 12 1
Actuarial loss (gain) 96 (7)  
Prior service cost [2]   5  
Plan participants' contribution 3 2  
Benefits paid (38) (27)  
Currency translation   (24)  
Projected benefit obligation at end of year 992 902  
Change in plan assets:      
Fair value of plan assets at beginning of year 703 1  
Acquisition [1]   763  
Actual return (loss) on plan assets 90 (23)  
Company contributions 14 5  
Plan participants' contributions 3 2  
Benefits paid (38) (25)  
Currency translation 3 (20)  
Fair value of plan assets at end of year 775 703 $ 1
Net funded status (217) (199)  
Amounts recognized in balance sheet consist of:      
Prepaid benefit cost within Other non-current assets 9 4  
Accrued benefit cost within accrued liabilities (2) (2)  
Accrued benefit cost within Other non-current liabilities (224) (201)  
Net funded status recognized (217) (199)  
Unrecognized net prior service cost (credits) 4 4  
Accumulated other comprehensive loss (income), before taxes 4 4  
Other Postretirement Plans [Member]      
Change in projected benefit obligation:      
Projected benefit obligation at beginning of year 20    
Acquisition [1]   31  
Interest cost 1 1  
Actuarial loss (gain) (2) (1)  
Prior service cost [2]   (11)  
Plan participants' contribution   1  
Benefits paid (1) (1)  
Projected benefit obligation at end of year 18 20  
Change in plan assets:      
Company contributions 1 1  
Benefits paid (1) (1)  
Net funded status (18) (20)  
Amounts recognized in balance sheet consist of:      
Accrued benefit cost within accrued liabilities (2) (2)  
Accrued benefit cost within Other non-current liabilities (16) (18)  
Net funded status recognized (18) (20)  
Unrecognized net prior service cost (credits) (10) (11)  
Accumulated other comprehensive loss (income), before taxes $ (10) $ (11)  
[1] Acquisition amounts include the benefit obligation and plan assets at the Combination Date associated with acquired CB&I pension plans.
[2] Prior service cost for 2018 primarily related to plan changes for our plans in the United Kingdom and our U.S. retiree welfare plan. Prior service cost for plan changes is deferred to AOCI and amortized into Other non-operating expense (income).