Pension and Other Post-Retirement Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2021

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,
	2021		2020		2019
	(in millions)
Interest cost	$	4	$	5	$	6
Expected return on plan assets		(5)		(5)		(4)
Amortization of actuarial losses		1		1		1
	$	—	$	1	$	3

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

	U.S and Non-U.S. Pension Benefits
	2021		2020
	(in millions)
Change in benefit obligation:
Benefit obligation, beginning of year	$	166	$	154
Interest cost		4		5
Benefits paid		(8)		(7)
Actuarial loss		(5)		11
Currency translation		(3)		3
Benefit obligation, end of year		154		166
Change in plan assets:
Fair value of plan assets, beginning of year		94		90
Actual return on plan assets		11		10
Employer contributions		8		1
Benefits paid		(7)		(7)
Fair value of plan assets, end of year		106		94
Funded status of the plan and amounts recognized in the consolidated balance sheets	$	(48)	$	(72)

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

	December 31, 2021						December 31, 2020
	Level 1		Level 2		Total		Level 1		Level 2		Total
	(in millions)
U.S. and Non-U.S. Plans:
Cash and cash equivalents	$	6	$	—	$	6	$	7	$	—	$	7
Government debt securities		6		4		10		3		6		9
Exchange traded funds		24		—		24		13		—		13
Mutual funds		37		2		39		40		2		42
Common stock		27		—		27		23		—		23
	$	100	$	6	$	106	$	86	$	8	$	94