XML 62 R50.htm IDEA: XBRL DOCUMENT v3.10.0.1
Pensions and Other Post-Retirement Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2018
Pension, Other Post-Retirement Benefits and Employee Benefit Plans. [Abstract]  
Components net periodic benefit cost (credit)
 
U.S. and Non-U.S. Pension Benefits
 
Year Ended December 31,
 
2018
 
2017
 
2016
 
(in millions)
Service cost
$
1

 
$
1

 
$
1

Interest cost
6

 
7

 
7

Expected return on plan assets
(6
)
 
(8
)
 
(8
)
Amortization of actuarial losses
1

 
5

 
4

Settlement loss recognized
7

 

 

 
$
9

 
$
5

 
$
4

Changes in benefit obligations and plan assets, and funded status of plans
 
U.S and Non-U.S. Pension Benefits
 
2018
 
2017
 
(in millions)
Change in benefit obligation:
 
 
 
Benefit obligation, beginning of year
$
187

 
$
164

Service cost
1

 
1

Interest cost
6

 
7

Benefits paid
(8
)
 
(10
)
Actuarial (gain) loss
(11
)
 
9

Plan settlements
(28
)
 

Increase due to acquisitions

 
15

   Currency translation
(1
)
 
1

Benefit obligation, end of year
146

 
187

Change in plan assets:
 
 
 
Fair value of plan assets, beginning of year
115

 
110

Actual return on plan assets
(6
)
 
15

Employer contributions
3

 

Plan settlements
(28
)
 

Benefits paid
(7
)
 
(10
)
Fair value of plan assets, end of year
77

 
115

Funded status of the plan and amounts recognized in the consolidated balance sheets
$
(69
)
 
$
(72
)
Amounts recognized in accumulated other comprehensive loss, inclusive of tax impacts
$
(45
)
 
$
(50
)
Defined benefit plan assets measured at fair value on a recurring basis
 
December 31, 2018
 
December 31, 2017
  
Level 1
 
Level 2
 
Total
 
Level 1
 
Level 2
 
Total
 
(in millions)
U.S. and Non-U.S. Plans:
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
3

 
$

 
$
3

 
$
4

 
$

 
$
4

Government debt securities
1

 
2

 
3

 
1

 
3

 
4

Exchange traded funds
16

 

 
16

 
26

 

 
26

Mutual funds
22

 
2

 
24

 
36

 
3

 
39

Common stock
21

 

 
21

 
33

 

 
33

  
$
63

 
$
4

 
$
67

 
$
100

 
$
6

 
$
106

Investments measured at net asset value
 
 
 
 
10

 
 
 
 
 
9

Plan assets measured at fair value
 
 
 
 
$
77

 
 
 
 
 
$
115