Benefit Plans (Tables)

3 Months Ended

Mar. 31, 2020

Retirement Benefits [Abstract]

Components of Pension and Other Employee Benefit Costs

Pension and other employee benefit costs per the condensed consolidated statements of earnings consisted of the following:

	For the Three Months Ended March 31,
(in millions)	2020			2019
Net pension costs (income)	$	(4	)	$	(5	)
Net postemployment costs	25			24
Net postretirement costs	2			2
Total pension and other employee benefit costs	$	23		$	21

Components of Net Periodic Benefit Cost

Net periodic pension cost consisted of the following:

	Pension (1)
	For the Three Months Ended March 31,
(in millions)	2020			2019
Service cost	$	65		$	54
Interest cost	17			29
Expected return on plan assets	(86		)	(79		)
Amortization:
Net loss	65			45
Prior service cost	—			—
Net periodic pension cost	$	61		$	49

⁽¹⁾ Primarily non-U.S. based defined benefit retirement plans.