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Pension and Other Postretirement Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2021
Retirement Benefits [Abstract]  
Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan [Table Text Block] The following table provides a reconciliation of benefit obligations and plan assets of the company’s domestic and non-U.S. pension plans:
 Domestic pension
 benefits
Non-U.S. pension
 benefits
(In millions)2021202020212020
Change in projected benefit obligations
Benefit obligation at beginning of year
$1,302 $1,302 $1,486 $1,303 
Acquisitions
— — 170 — 
Service costs
— — 27 24 
Interest costs
23 35 11 18 
Settlements
— — (7)(38)
Plan participants' contributions
— — 
Actuarial (gains) losses
20 44 (57)119 
Benefits paid
(85)(79)(30)(26)
Currency translation and other
— — (54)81 
Benefit obligation at end of year
$1,260 $1,302 $1,552 $1,486 
Change in fair value of plan assets
Fair value of plan assets at beginning of year
$1,267 $1,201 $1,160 $986 
Acquisitions— — 158 — 
Actual return on plan assets
37 138 14 92 
Employer contribution
27 87 
Settlements
— — (7)(38)
Plan participants' contributions
— — 
Benefits paid
(85)(79)(30)(26)
Currency translation and other
— — (26)54 
Fair value of plan assets at end of year$1,226 $1,267 $1,302 $1,160 
Funded status
$(34)$(35)$(250)$(326)
Accumulated benefit obligation
$1,260 $1,302 $1,475 $1,417 
Amounts recognized in balance sheet
Noncurrent assets
$32 $38 $205 $157 
Current liability
(7)(8)(10)(9)
Noncurrent liabilities
(59)(65)(445)(474)
Net amount recognized
$(34)$(35)$(250)$(326)
Amounts recognized in accumulated other comprehensive items
Net actuarial loss
$157 $142 $167 $242 
Prior service credits
— — (3)(2)
Net amount recognized
$157 $142 $164 $240 
Defined Benefit Plan, Assumptions [Table Text Block]
The actuarial assumptions used to compute the funded status for the plans are based upon information available as of December 31, 2021 and 2020 and are as follows:
 Domestic pension
 benefits
Non-U.S. pension
 benefits
 2021202020212020
Weighted average assumptions used to determine projected benefit obligations
Discount rate for determining benefit obligation
2.70 %2.33 %1.45 %0.95 %
Interest crediting rate for cash balance plans
2.58 %2.16 %1.25 %1.25 %
Average rate of increase in employee compensation
N/AN/A2.73 %2.30 %
The actuarial assumptions used to compute the net periodic pension benefit cost (income) are based upon information available as of the beginning of the year, as presented in the following table:
 Domestic pension benefitsNon-U.S. pension benefits
 202120202019202120202019
Weighted average assumptions used to determine net benefit cost (income)
Discount rate - service cost
N/AN/AN/A0.65 %1.21 %1.97 %
Discount rate - interest cost
2.33 %3.13 %4.22 %0.80 %1.44 %2.06 %
Average rate of increase in employee compensation
N/AN/AN/A2.30 %2.27 %2.47 %
Expected long-term rate of return on assets
4.25 %5.00 %5.76 %2.02 %2.33 %3.25 %
Defined Benefit Plan, Plan with Projected Benefit Obligation in Excess of Plan Assets [Table Text Block] The projected benefit obligation and fair value of plan assets for the company’s qualified and non-qualified pension plans with projected benefit obligations in excess of plan assets are as follows:
 Pension plans
(In millions)20212020
Pension plans with projected benefit obligations in excess of plan assets
Projected benefit obligation
$2,010 $2,047 
Fair value of plan assets
1,521 1,529 
Defined Benefit Plan, Plan with Accumulated Benefit Obligation in Excess of Plan Assets [Table Text Block] The accumulated benefit obligation and fair value of plan assets for the company's qualified and non-qualified pension plans with accumulated benefit obligations in excess of plan assets are as follows:
 Pension plans
(In millions)20212020
Pension plans with accumulated benefit obligations in excess of plan assets
Accumulated benefit obligation
$1,937 $1,976 
Fair value of plan assets
1,521 1,526 
Schedule of Net Benefit Costs [Table Text Block] The net periodic pension benefit cost (income) includes the following components:
 Domestic pension benefitsNon-U.S. pension benefits
(In millions)202120202019202120202019
Components of net benefit cost (income)
Service cost
$— $— $— $27 $24 $23 
Interest cost on benefit obligation
23 35 45 11 18 24 
Expected return on plan assets
(40)(47)(55)(19)(19)(30)
Amortization of actuarial net loss
12 10 
Amortization of prior service benefit
— — — — (1)(1)
Settlement/curtailment loss
— — — — 
Net periodic benefit cost (income)
$(10)$(6)$(8)$31 $40 $26 
Schedule of Expected Benefit Payments [Table Text Block] Estimated future benefit payments during the next five years and in the aggregate for the five fiscal years thereafter, are as follows:
(In millions)Domestic
pension
benefits
Non-U.S.
pension
benefits
Expected benefit payments
2022 $93 $45 
2023 89 45 
2024 88 49 
2025 86 52 
2026 84 56 
2027-2031368 307 
Schedule of Allocation of Plan Assets [Table Text Block] The fair values of the company’s plan assets at December 31, 2021 and 2020, by asset category are as follows:
 December 31,Quoted
prices in
active
markets
Significant
other
observable
inputs
Significant
unobservable
inputs
Not subject to leveling (a)
(In millions)2021(Level 1)(Level 2)(Level 3)
Domestic pension plan assets
U.S. equity funds
$124 $— $— $— $124 
International equity funds
117 — — — 117 
Fixed income funds
966 — — — 966 
Money market funds
19 — — — 19 
Total domestic pension plans
$1,226 $— $— $— $1,226 
Non-U.S. pension plan assets
Equity funds
$17 $— $— $— $17 
Fixed income funds
651 — — — 651 
Hedge funds
— — — 
Multi-asset funds
73 — — — 73 
Derivative funds
253 — — — 253 
Alternative investments
— — — 
Insurance contracts
295 — 295 — — 
Cash / money market funds
— — 
Total non-U.S. pension plans
$1,302 $$295 $— $1,002 
(a) Investments measured at the net asset value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy.
 December 31,Quoted
prices in
active
markets
Significant
other
observable
inputs
Significant
unobservable
inputs
Not subject to leveling (a)
(In millions)2020(Level 1)(Level 2)(Level 3)
Domestic pension plan assets
U.S. equity funds
$125 $— $— $— $125 
International equity funds
126 — — — 126 
Fixed income funds
1,001 — — — 1,001 
Money market funds
15 — — — 15 
Total domestic pension plans$1,267 $— $— $— $1,267 
Non-U.S. pension plan assets
Equity funds
$74 $— $— $— $74 
Fixed income funds
510 — — — 510 
Hedge funds
59 — — — 59 
Multi-asset funds
45 — — — 45 
Derivative funds
149 — — — 149 
Alternative investments
— — — 
Insurance contracts
262 — 262 — — 
Cash / money market funds
55 — — 48 
Total non-U.S. pension plans$1,160 $$262 $— $891 
(a) Investments measured at the net asset value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy.