Benefit Plans (Tables)

9 Months Ended

Sep. 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 Nine Months Ended September 30,				For the Three Months Ended September 30,
(in millions)	2020		2019		2020		2019
Net pension costs (income)	$	(13)	$	(16)	$	(5)	$	(6)
Net postemployment costs	75		72		26		25
Net postretirement costs	6		5		2		1
Total pension and other employee benefit costs	$	68	$	61	$	23	$	20

Components of Net Periodic Benefit Cost

Net periodic pension cost consisted of the following:

	Pension (1)
	For the Nine Months Ended September 30,				For the Three Months Ended September 30,
(in millions)	2020		2019		2020		2019
Service cost	$	198	$	161	$	68	$	54
Interest cost	54		89		19		29
Expected return on plan assets	(265)		(247)		(92)		(82)
Amortization:
Net loss	197		142		68		47
Prior service cost	1		—		—		—
Net periodic pension cost	$	185	$	145	$	63	$	48

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