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Employee Benefit and Retirement Plans (Tables)
 12 Months Ended
Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Reconciliation of Benefit Obligations
The following provides a reconciliation of benefit obligations, plan assets and funded status of the Company’s noncontributory defined benefit pension plans, including the SERP, at December 31, (dollars in millions):
Pension BenefitsPostretirement Benefits
United StatesInternational
Change in benefit obligation:202220212022202120222021
Benefit obligation at beginning of year$1,238 $1,357 $623 $668 $41 $51 
Service cost— — 4 4 — — 
Interest cost25 20 8 6 1 1 
Actuarial (gain) loss(247)(53)(137)(14)(8)(7)
Amendments— — — 1 — — 
Currency translation— — (56)(16)— — 
Benefits paid(80)(86)(23)(25)(4)(4)
Acquisitions and dispositions, net— — — — — — 
Curtailments, settlements and other— — (2)(1)— — 
Benefit obligation at end of year (1)
$936 $1,238 $417 $623 $30 $41 
Change in plan assets:
Fair value of plan assets at beginning of year1,133 1,161 595 627 — — 
Actual return on plan assets(220)48 (166)(7)— — 
Contributions10 10 7 10 4 4 
Currency translation— — (57)(9)— — 
Benefits paid(80)(86)(23)(25)(4)(4)
Settlements and other— — (2)(1)— — 
Fair value of plan assets at end of year$843 $1,133 $354 $595 $— $— 
Funded status at end of year$(93)$(105)$(63)$(28)$(30)$(41)
Amounts recognized in the Consolidated Balance Sheets:
Prepaid benefit cost, included in other assets$7 $29 $23 $102 $— $— 
Accrued current benefit cost—other accrued liabilities(11)(11)(4)(4)(4)(5)
Accrued noncurrent benefit cost— other noncurrent liabilities(89)(123)(82)(126)(26)(36)
Net amount recognized$(93)$(105)$(63)$(28)$(30)$(41)
Assumptions:
Weighted-average assumptions used to determine benefit obligation:
Discount rate5.20 %2.64 %4.07 %1.60 %5.11 %2.34 %
Long-term rate of compensation increase3.00 %3.00 %2.41 %2.25 %— %— %
Current health care cost trend rates— %— %— %— %6.65 %6.21 %
Ultimate health care cost trend rates— %— %— %— %4.50 %4.50 %
(1)The accumulated benefit obligation for all defined benefit pension plans was $1.4 billion and $1.9 billion at December 31, 2022 and 2021, respectively.
Schedule Of Company's Pension Cost And Supplemental Retirement Plans
The components of pension and postretirement benefit expense for the periods indicated are as follows (dollars in millions):
Pension Benefits
United StatesInternational
202220212020202220212020
Service cost$— $— $— $4 $4 $4 
Interest cost25 20 35 8 6 9 
Expected return on plan assets(47)(51)(59)(6)(3)(6)
Amortization:
Prior service cost — — — 1 1 1 
Net actuarial loss16 22 23 2 3 3 
Curtailment, settlement and termination costs— — 52 — — 1 
Total (income) expense $(6)$(9)$51 $9 $11 $12 
Assumptions
Weighted average assumption used to calculate net periodic cost:
Effective discount rate for benefit obligations2.64 %2.16 %3.06 %1.61 %1.22 %1.79 %
Effective rate for interest on benefit obligations2.13 %1.54 %2.65 %1.46 %0.92 %1.55 %
Effective rate for service cost2.94 %2.63 %3.43 %0.96 %0.71 %0.92 %
Effective rate for interest on service cost2.97 %2.61 %3.41 %0.78 %0.54 %0.75 %
Long-term rate of return on plan assets4.75 %5.25 %5.50 %1.06 %0.51 %1.08 %
Long-term rate of compensation increase3.00 %3.00 %3.00 %2.27 %2.18 %2.32 %
Postretirement Benefits
202220212020
Interest cost$1 $1 $1 
Amortization:
Prior service credit— — (2)
Net actuarial gain(5)(3)(4)
Total income$(4)$(2)$(5)
Assumptions
Weighted average assumption used to calculate net periodic cost:
Effective discount rate for benefit obligations2.34 %1.80 %2.80 %
Effective rate for interest on benefit obligations1.77 %1.18 %2.41 %
Effective rate for service cost1.98 %1.32 %2.52 %
Effective rate for interest on service cost1.67 %1.02 %2.27 %
Schedule of Expected Benefit Payments
Estimated future benefit payments under the Company’s defined benefit pension plans and postretirement benefit plans are as follows at December 31, 2022 (in millions):
20232024202520262027Thereafter
Pension benefits$110 $108 $107 $107 $106 $507 
Postretirement benefits4 4 4 4 3 11 
Pension Benefits  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets
Summary of under-funded or non-funded pension benefit plans with projected benefit obligations in excess of plan assets at December 31, (in millions):
Pension Benefits
20222021
Projected benefit obligation$311 $469 
Fair value of plan assets125 205 
Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets
Summary of pension plans with accumulated obligations in excess of plan assets at December 31, (in millions):
Pension Benefits
20222021
Accumulated benefit obligation$303 $454 
Fair value of plan assets123 205 
Schedule of Allocation of Plan Assets
The composition of domestic pension plan assets at December 31, 2022 and 2021 is as follows (in millions):
Plan Assets — Domestic Plans
December 31, 2022
Fair Value Measurements
Asset CategoryLevel 1Level 2Level 3SubtotalNAV-based assetsTotal
Equity securities and funds$— $— $— $— $158 $158 
Fixed income securities and funds369 — — 369 303 672 
Alternative investments— — — — 2 2 
Cash and other8 3 — 11 — 11 
Total$377 $3 $— $380 $463 $843 
Plan Assets — Domestic Plans
December 31, 2021
Fair Value Measurements
Asset CategoryLevel 1Level 2Level 3SubtotalNAV-based assetsTotal
Equity securities and funds$— $— $— $— $220 $220 
Fixed income securities and funds455 — — 455 403 858 
Alternative investments— — — — 22 22 
Cash and other19 13 1 33 — 33 
Total$474 $13 $1 $488 $645 $1,133 
The composition of international pension plan assets at December 31, 2022 and 2021 is as follows (in millions):

Plan Assets — International Plans
December 31, 2022
Fair Value Measurements
Asset CategoryLevel 1Level 2Level 3SubtotalNAV-based assetsTotal
Equity securities and funds$3 $3 $— $6 $— $6 
Fixed income securities and funds6 5 — 11 — 11 
Cash and other3 140 194 337 — 337 
Total$12 $148 $194 $354 $— $354 
Plan Assets — International Plans
December 31, 2021
Fair Value Measurements
Asset CategoryLevel 1Level 2Level 3SubtotalNAV-based assetsTotal
Equity securities and funds$4 $3 $— $7 $— $7 
Fixed income securities and funds314 4 — 318 — 318 
Cash and other22 240 8 270 — 270 
Total$340 $247 $8 $595 $— $595 
Postretirement Benefits  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets
A reconciliation of the change in fair value of the defined benefit plans’ assets using significant unobservable inputs (Level 3) for 2022 and 2021 is as follows (in millions):
Total
Balance December 31, 2020$10 
Unrealized losses(1)
Balance December 31, 20219 
Unrealized losses(101)
Purchases, sales, settlements and other, net286 
Balance December 31, 2022$194