Pension and Other Postretirement Benefits (Tables)

6 Months Ended

Jun. 30, 2020

The components of net periodic benefit cost were as follows:

	Second quarter ended June 30,						Six months ended June 30,
Pension benefits	2020			2019			2020			2019
Service cost	$	13		$	12		$	27		$	24
Interest cost⁽¹⁾		41			56			83			112
Expected return on plan assets⁽¹⁾		(73	)		(82	)		(147	)		(163	)
Recognized net actuarial loss⁽¹⁾		53			42			104			84
Amortization of prior service cost⁽¹⁾		—			2			—			3
Curtailments⁽²⁾		1			38			4			38
Net periodic benefit cost	$	35		$	68		$	71		$	98

	Second quarter ended June 30,					Six months ended June 30,
Other postretirement benefits	2020			2019		2020			2019
Service cost	$	1		$	1	$	2		$	2
Interest cost⁽¹⁾		5			10		10			18
Recognized net actuarial loss⁽¹⁾		5			2		9			5
Amortization of prior service benefit⁽¹⁾		(4	)		—		(7	)		—
Curtailments⁽²⁾		(2	)		—		(2	)		—
Net periodic benefit cost	$	5		$	13	$	12		$	25

⁽¹⁾	These amounts were reported in Other expenses (income), net on the accompanying Statement of Consolidated Operations (see Note Q).

⁽²⁾	These amounts were reported in Restructuring and other charges, net on the accompanying Statements of Consolidated Operations (see Note D) and of Cash Flows.

The following table presents certain information and the financial impacts of these actions on the accompanying Consolidated Financial Statements:

Action #	Number of affected plan participants	Weighted average discount rate as of December 31, 2019	Plan remeasurement date	Weighted average discount rate as of plan remeasurement date	Increase to accrued pension benefits liability		Increase to accrued other postretirement benefits liability		Curtailment charge (gain)⁽¹⁾
1	~20	3.15%	January 31, 2020	2.75%	$	18	$	—	$	1
2	~430	3.20%	January 31, 2020	2.75%		28		—		2
3a	~300	3.25%	April 30, 2020	2.92%		156		—		1
3b	~600	3.75%	April 30, 2020	3.44%		—		—		(2	)
					$	202	$	—	$	2

⁽¹⁾	These amounts represent the accelerated amortization of a portion of the existing prior service cost or benefit and was reclassified from Accumulated other comprehensive loss to Restructuring and other charges, net (see Note D) on the accompanying Statement of Consolidated Operations.