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Pension And Other Postretirement Benefits (Tables)
3 Months Ended
Mar. 31, 2020
Pension And Other Postretirement Benefits [Abstract]  
Pension And Other Postretirement Benefits

 

 

 

 

 

 

 

 

Three Months Ended

 

 

 

 

 

 

 

 

March 31,

 

 

 

 

 

 

 

 

2020

 

 

2019

 

 

 

 

 

 

 

 

(millions of dollars)

 

Components of net benefit cost

 

 

 

 

 

 

 

 

 

Pension Benefits - U.S.

 

 

 

 

 

 

 

 

 

 

Service cost

 

 

 

235

 

 

175

 

 

 

Interest cost

 

 

 

177

 

 

193

 

 

 

Expected return on plan assets

 

 

 

(175)

 

 

(142)

 

 

 

Amortization of actuarial loss/(gain) and prior service cost

 

 

79

 

 

77

 

 

 

Net pension enhancement and curtailment/settlement cost

 

 

52

 

 

54

 

 

 

Net benefit cost

 

 

 

368

 

 

357

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension Benefits - Non-U.S.

 

 

 

 

 

 

 

 

 

 

Service cost

 

 

 

175

 

 

139

 

 

 

Interest cost

 

 

 

161

 

 

192

 

 

 

Expected return on plan assets

 

 

 

(222)

 

 

(197)

 

 

 

Amortization of actuarial loss/(gain) and prior service cost

 

 

119

 

 

103

 

 

 

Net benefit cost

 

 

 

233

 

 

237

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Postretirement Benefits

 

 

 

 

 

 

 

 

 

 

Service cost

 

 

 

45

 

 

33

 

 

 

Interest cost

 

 

 

70

 

 

79

 

 

 

Expected return on plan assets

 

 

 

(4)

 

 

(4)

 

 

 

Amortization of actuarial loss/(gain) and prior service cost

 

 

12

 

 

3

 

 

 

Net benefit cost

 

 

 

123

 

 

111