Benefit Plans (Tables)

6 Months Ended

Jun. 30, 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 Six Months Ended June 30,						For the Three Months Ended June 30,
(in millions)	2020			2019			2020			2019
Net pension costs (income)	$	(8	)	$	(10	)	$	(4	)	$	(5	)
Net postemployment costs	49			47			24			23
Net postretirement costs	4			4			2			2
Total pension and other employee benefit costs	$	45		$	41		$	22		$	20

Components of Net Periodic Benefit Cost

Net periodic pension cost consisted of the following:

	Pension (1)
	For the Six Months Ended June 30,						For the Three Months Ended June 30,
(in millions)	2020			2019			2020			2019
Service cost	$	130		$	107		$	65		$	53
Interest cost	35			60			18			31
Expected return on plan assets	(173		)	(165		)	(87		)	(86		)
Amortization:
Net loss	129			95			64			50
Prior service cost	1			—			1			—
Net periodic pension cost	$	122		$	97		$	61		$	48

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