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Employee benefit plans (Tables)
12 Months Ended
Dec. 31, 2020
Employee benefit plans  
Summary of changes in the benefit obligations, the plan assets and funded status

Pension

Other Postretirement

2020

2019

2020

2019

Change in benefit obligation:

Benefit obligation at beginning of year

$

583

$

519

$

14

$

13

Service cost

2

2

Interest cost

17

21

1

Actuarial losses

55

71

Benefits paid

(33)

(30)

Benefit obligation at end of year

$

624

$

583

$

14

$

14

Change in fair value of plan assets:

Fair value of plan assets at beginning of year

$

404

$

352

$

$

Actuarial return on plan assets

40

70

Employer contributions

34

12

Benefits paid

(31)

(28)

Expenses paid

(3)

(2)

Fair value of plan assets at end of year

444

404

Unfunded status at end of year

$

(180)

$

(179)

$

(14)

$

(14)

Liabilities recognized in the Consolidated Balance Sheets:

Accrued compensation and benefits

$

(1)

$

(1)

$

(1)

$

(1)

Pension and other postretirement benefits

(179)

(178)

(13)

(13)

$

(180)

$

(179)

$

(14)

$

(14)

Summary of the accumulated other comprehensive income

Pension

Other Postretirement

    

2020

    

2019

    

2020

    

2019

Net (loss) gain

$

(110)

$

(70)

$

9

$

12

Schedule of weighted average assumptions used to determine the benefit obligations

Pension

Other Postretirement

2020

2019

2020

 

2019

Discount rate

2.2

%

3.0

%

2.2

%

3.0

%

Summary of the components of net periodic benefit cost

Pension

Other Postretirement

2020

2019

2018

2020

2019

2018

Interest cost

$

17

$

21

$

19

$

$

1

$

1

Expected return on plan assets

(24)

(24)

(27)

Amortization of net loss (gain)

1

(1)

(1)

Settlement gain

(4)

Expenses paid

2

2

2

Net periodic benefit cost

$

(4)

$

(1)

$

(6)

$

(4)

$

$

Summary of other changes in plan assets and benefit obligations recognized in other comprehensive income

Pension

Other Postretirement

    

2020

    

2019

    

2018

2020

    

2019

    

2018

Net loss (gain)

$

40

$

25

$

9

$

4

$

$

(2)

Amortization of net (loss) gain

(1)

1

1

Total recognized in other comprehensive loss (income)

$

39

$

25

$

9

$

4

$

1

$

(1)

Total recognized in net periodic benefit cost (credit) and other comprehensive loss (income)

$

35

$

24

$

3

$

$

1

$

(1)

Schedule of weighted average assumptions used to determine the net periodic benefit cost

Pension

Other Postretirement

2020

2019

2018

2020

2019

2018

Discount rate

3.0

%

4.1

%

3.4

%

3.0

%

4.1

%

3.4

%

Expected long-term return on plan assets

6.5

%

7.0

%

7.0

%

N/A

N/A

N/A

Schedule of pension plan asset allocation

Asset Allocation

Target

Actual

Cash and cash equivalents

1

%

1

%

U.S. and global equity securities

71

%

 

71

%

Fixed income

28

%

 

28

%

100

%

100

%

Schedule of fair value of pension plan assets by asset category segregated by level within the fair value hierarchy

December 31, 2020

December 31, 2019

Asset Category

Level 1

Level 2

Level 3

Total

 

Level 1

Level 2

Level 3

Total

Cash and cash equivalents

$

3

$

$

 

$

3

$

5

$

$

$

5

International equity securities

1

1

Commingled funds 1

441

398

Total assets at fair value

$

3

$

$

$

444

$

5

$

$

1

$

404

1

Investments that are measured at fair value using the net asset value per share (or its equivalent) as a practical expedient are not required to be classified in the fair value hierarchy table. The total fair value of these amounts are presented in this table to permit reconciliation of the fair value hierarchy to the amounts presented for total defined benefit pension plan assets.

Schedule of expected benefit payments to be paid

2021

2022

2023

2024

2025

2025 through 2029

Pension

$

31

$

32

$

32

$

32

$

32

$

159

Other postretirement

1

1

1

1

1

5

$

32

$

33

$

33

$

33

$

33

$

164