Pension Plans, Postretirement and Other Employee Benefits

9 Months Ended

Sep. 30, 2021

Retirement Benefits [Abstract]

Pension Plans, Postretirement and Other Employee Benefits

10. Pension Plans, Postretirement and Other Employee Benefits

The Company sponsors several defined benefit pension plans (“Pension Benefits”) and health care and life insurance benefits (“Other Postretirement Benefits” or “OPEB”) for certain employees and retirees around the world.

Components of net periodic benefit costs (credits) are as follows:

	Three Months Ended September 30,
	Pension Benefits								Other Postretirement Benefits
	2021				2020
	U.S.		Non-U.S.		U.S.		Non-U.S.		2021		2020
Service cost	$	—	$	8	$	—	$	7	$	—	$	—
Interest cost	9		4		11		4		1		2
Expected return on plan assets	(17)		(4)		(16)		(5)		—		—
Settlement loss	—		—		—		5		—		—
Curtailment gain	—		—		—		—		—		(21)
Net amortization:
Actuarial loss	3		1		1		3		1		1
Prior service cost (credit)	—		—		—		—		(2)		(3)
Net pension and postretirement costs (credits)	$	(5)	$	9	$	(4)	$	14	$	—	$	(21)

	Nine Months Ended September 30,
	Pension Benefits								Other Postretirement Benefits
	2021				2020
	U.S.		Non-U.S.		U.S.		Non-U.S.		2021		2020
Service cost	$	1	$	21	$	1	$	19	$	—	$	—
Interest cost	24		13		31		13		4		7
Expected return on plan assets	(49)		(12)		(48)		(13)		—		—
Settlement loss	—		—		—		5		—		—
Curtailment gain	—		—		—		—		—		(21)
Net amortization:
Actuarial loss	9		6		4		7		2		2
Prior service cost (credit)	—		—		—		—		(7)		(7)
Net pension and postretirement costs (credits)	$	(15)	$	28	$	(12)	$	31	$	(1)	$	(19)