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Retirement Benefits (Tables)
6 Months Ended
Jun. 30, 2020
Retirement Benefits [Abstract]  
Defined Benefit Plans - Expense
The pre-tax net periodic benefit cost/(income) for our defined benefit pension and OPEB plans for the periods ended June 30 were as follows (in millions):
 
Second Quarter
 
Pension Benefits
 
 
 
 
 
U.S. Plans
 
Non-U.S. Plans
 
Worldwide OPEB
 
2019
 
2020
 
2019
 
2020
 
2019
 
2020
Service cost
$
114

 
$
130

 
$
127

 
$
127

 
$
11

 
$
11

Interest cost
409

 
323

 
173

 
130

 
52

 
41

Expected return on assets
(649
)
 
(699
)
 
(281
)
 
(254
)
 

 

Amortization of prior service costs/(credits)
21

 
1

 
9

 
8

 
(17
)
 
(4
)
Net remeasurement (gain)/loss
(10
)
 
4

 

 
(152
)
 

 

Separation programs/other

 
3

 
232

 
33

 

 
1

Settlements and curtailments
(50
)
 
4

 

 
17

 

 

Net periodic benefit cost/(income)
$
(165
)
 
$
(234
)
 
$
260

 
$
(91
)
 
$
46

 
$
49

 
 
 
 
 
 
 
 
 
 
 
 
 
First Half
 
Pension Benefits
 
 
 
 
 
U.S. Plans
 
Non-U.S. Plans
 
Worldwide OPEB
 
2019
 
2020
 
2019
 
2020
 
2019
 
2020
Service cost
$
228

 
$
260

 
$
256

 
$
258

 
$
22

 
$
23

Interest cost
818

 
646

 
349

 
263

 
105

 
84

Expected return on assets
(1,298
)
 
(1,398
)
 
(567
)
 
(521
)
 

 

Amortization of prior service costs/(credits)
43

 
2

 
17

 
17

 
(35
)
 
(8
)
Net remeasurement (gain)/loss
(10
)
 
4

 

 
(232
)
 

 
58

Separation programs/other
1

 
13

 
244

 
57

 

 

Settlements and curtailments
(50
)
 
4

 

 
18

 

 
(2
)
Net periodic benefit cost/(income)
$
(268
)
 
$
(469
)
 
$
299

 
$
(140
)
 
$
92

 
$
155