Pensions and Other Post-Retirement Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2019

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,
	2019		2018		2017
	(in millions)
Service cost	$	—	$	1	$	1
Interest cost	6		6		7
Expected return on plan assets	(4)		(5)		(8)
Amortization of actuarial losses	1		1		5
Settlement loss recognized	—		7		—
	$	3	$	10	$	5

Changes in benefit obligations and plan assets, and funded status of plans

	U.S and Non-U.S. Pension Benefits
	2019		2018
	(in millions)
Change in benefit obligation:
Benefit obligation, beginning of year	$	148	$	188
Service cost	—		1
Interest cost	6		6
Benefits paid	(7)		(8)
Actuarial (gain) loss	11		(10)
Plan settlements	—		(28)
Currency translation	(4)		(1)
Benefit obligation, end of year	154		148
Change in plan assets:
Fair value of plan assets, beginning of year	77		115
Actual return on plan assets	15		(6)
Employer contributions	4		3
Plan settlements	—		(28)
Benefits paid	(7)		(7)
Fair value of plan assets, end of year	89		77
Funded status of the plan and amounts recognized in the consolidated balance sheets	$	(65)	$	(71)
Amounts recognized in accumulated other comprehensive loss, inclusive of tax impacts	$	(39)	$	(44)

Defined benefit plan assets measured at fair value on a recurring basis

	December 31, 2019						December 31, 2018
	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	$	3	$	—	$	3
Government debt securities	1		2		3		1		2		3
Exchange traded funds	18		—		18		16		—		16
Mutual funds	26		2		28		22		2		24
Common stock	27		—		27		21		—		21
	$	75	$	4	$	79	$	63	$	4	$	67
Investments measured at net asset value					11						10
Plan assets measured at fair value					$	90					$	77