Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2019

Schedule Of Changes In Projected Benefit Obligations And Plan Assets

The table that follows contains the accumulated benefit obligation and reconciliations of the changes in projected benefit obligation, the changes in plan assets and funded status:


	U.S. Plans						Non-U.S. Plans
	Year Ended December 31, 2019		Year Ended December 31, 2018		Year Ended December 31, 2019		Year Ended December 31, 2018
Accumulated benefit obligation	$	10,093	$	9,661	$	13,761	$	12,240

Change in projected benefit obligation
Projected benefit obligation at beginning of year	$	9,661	$	10,605	$	12,617	$	14,904
Service cost	—		—		92		92
Interest cost	376		350		291		293
Actuarial (gain) loss	728		(602)		1,635		(386)
Benefits paid	(672)		(692)		(525)		(1,621)
Other	—		—		(51)		17
Currency translation adjustment	—		—		97		(682)
Projected benefit obligation at end of year	$	10,093	$	9,661	$	14,156	$	12,617

Change in plan assets
Fair value of plan assets at beginning of year	$	9,179	$	10,055	$	5,671	$	7,322
Actual return on plan assets	1,370		(452)		831		(207)
Employer and employee contributions	323		307		521		525
Benefits paid	(672)		(692)		(525)		(1,621)
Other	—		(39)		—		—
Currency translation adjustment	—		—		214		(348)
Fair value of plan assets at end of year	$	10,200	$	9,179	$	6,712	$	5,671
Funded status	$	107	$	(482)	$	(7,444)	$	(6,946)

Weighted-average assumptions
Discount rates	3.25%-3.35%		4.02%-4.08%		0.90%-1.95%		2.00%-2.80%
Rate of compensation increase	N/A		N/A		2.00%-3.50%		2.00%-3.70%
Amounts recognized in the statement of financial position consist of:
Non-current assets	$	2,420	$	1,830	$	—	$	—
Other current liabilities	—		—		(77)		(83)
Other long-term liabilities	(2,313)		(2,312)		(7,367)		(6,863)
Net amount recognized	$	107	$	(482)	$	(7,444)	$	(6,946)

The table that follows contains the accumulated benefit obligation and reconciliations of the changes in projected benefit obligation, the changes in plan assets and funded status:


	Year Ended December 31, 2019			Year Ended December 31, 2018
Accumulated benefit obligation	$	1,287		$	1,344

Change in projected benefit obligation
Projected benefit obligation at beginning of year	$	1,344		$	1,423
Interest cost	50			44
Actuarial loss	11			37
Benefits paid	(118)			(160)

Projected benefit obligation at end of year	$	1,287		$	1,344

Change in plan assets
Employer contributions	$	118		$	160
Benefits paid	(118)			(160)
Fair value of plan assets at end of year	$	—		$	—
Funded status	$	(1,287)		$	(1,344)

Weighted-average assumptions
Discount rates	3.20		%	3.96		%
Amounts recognized in the statement of financial position consist of:
Other current liabilities	$	(132)		$	(147)
Other long-term liabilities	(1,155)			(1,197)
Net amount recognized	$	(1,287)		$	(1,344)

Schedule of Net Benefit Costs

The following table contains the components of net periodic benefit cost:


	U.S. Plans										Non-U.S. Plans
	Year Ended December 31, 2019		Year Ended December 31, 2018		Year Ended December 31, 2017		Year Ended December 31, 2019		Year Ended December 31, 2018		Year Ended December 31, 2017

Components of Net Periodic Benefit Cost
Service cost	$	—	$	—	$	—	$	92	$	92	$	98
Interest cost	376		350		393		291		293		286
Expected return on plan assets	(412)		(477)		(467)		(199)		(222)		(226)
Amortization of actuarial loss	29		14		14		178		77		35

Net periodic (benefit) cost	$	(7)	$	(113)	$	(60)	$	362	$	240	$	193

Weighted-average assumptions
Discount rates	4.02%-4.08%		3.33%-3.45%		3.71%-3.90%		2.00%-2.80%		1.80%-2.40%		1.70%-2.60%
Rate of compensation increase	N/A		N/A		N/A		2.00%-3.70%		2.00%-3.70%		2.00%-3.90%
Expected long-term rates or return	5.00%-6.00%		4.75%-6.50%		4.75%-6.50%		3.50%-4.00%		3.30%-4.00%		3.50%-4.00%

The table that follows contains the components of net periodic benefit costs:


	Year Ended December 31, 2019			Year Ended December 31, 2018			Year Ended December 31, 2017

Components of net periodic benefit cost
Interest cost	$	50		$	44		$	68
Amortization of the net gain from earlier periods	(68)			(77)			(18)
Net periodic (benefit) cost	$	(18)		$	(33)		$	50

Weighted-average assumptions
Discount rates	3.96		%	3.26		%	3.64		%

Schedule of Amounts Recognized in Other Comprehensive Income (Loss)

The net amounts recognized in accumulated other comprehensive loss related to the Company’s defined benefit pension plans consisted of the following:


	Year Ended December 31, 2019		Year Ended December 31, 2018		Year Ended December 31, 2017

Unrecognized loss	$	2,719	$	2,371	$	2,052

The net amounts recognized in accumulated other comprehensive loss related to the Company’s other postretirement healthcare and life insurance plans consisted of the following:


	Year Ended December 31, 2019		Year Ended December 31, 2018		Year Ended December 31, 2017

Unrecognized gain	$	(490)	$	(548)	$	(582)

Schedule of Allocation of Plan Assets

The Company’s pension plan asset allocations by asset category at December 31, 2019 and 2018 are as follows:


	U.S. Plans						Non-U.S. Plans
	2019		2018		2019		2018
Equity securities	52.7	%	47.6	%	39.3	%	37.8	%
Debt securities	36.2	%	42.3	%	56.6	%	57.9	%
Other	11.1	%	10.1	%	4.1	%	4.3	%

Defined Benefit Plan, Plan Assets, Category

The fair values of pension plan assets by asset category at December 31, 2019 and 2018 are as follows:


	Total as of December 31, 2019		Level 1		Level 2		Level 3
Cash and cash equivalents	$	1,163	$	1,163	$	—	$	—
Accrued dividends	5		5		—		—
Global equities	8,017		8,017		—		—
Fixed income securities	7,494		—		7,494		—
Group annuity/insurance contracts	233		—		—		233
Total	$	16,912	$	9,185	$	7,494	$	233

	Total as of December 31, 2018		Level 1		Level 2		Level 3
Cash and cash equivalents	$	923	$	923	$	—	$	—
Accrued dividends	4		4		—		—
Global equities	6,515		6,515		—		—
Fixed income securities	7,169		—		7,169		—
Group annuity/insurance contracts	239		—		—		239
Total	$	14,850	$	7,442	$	7,169	$	239

Schedule of Changes in Fair Value of Plan Assets

The fair value measurement of plan assets using significant unobservable inputs (Level 3) changed during 2019 due to the following:


Beginning balance, December 31, 2018	$	239
Actual return on assets related to assets still held	9
Purchases, sales and settlements	(15)
Ending balance, December 31, 2019	$	233

Schedule of Expected Benefit Payments

Estimated projected benefit payments from the plans as of December 31, 2019 are as follows:


2020	$	1,194
2021	1,219
2022	1,178
2023	1,243
2024	1,216
2025 and thereafter	6,131

The Company’s cash contributions to its postretirement benefit plan in 2020 are not yet determined but are expected to equal the projected benefits from the plan. Estimated projected benefit payments from the plan at December 31, 2019 are as follows:


2020	$	133
2021	129
2022	121
2023	113
2024	106
2025-2029	436