Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2019

Retirement Benefits [Abstract]

Summary of Net Periodic Benefit Cost

The components of net periodic (benefit) cost consisted of the following:

	Year Ended December 31,
	2019			2018			2017
Service cost (a)	$	5		$	6		$	5
Interest cost (b)	21			19			19
Expected return on plan assets (b)	(30		)	(33		)	(30		)
Amortization of unrecognized amounts (b)	7			7			8
Net periodic (benefit) cost	$	3		$	(1	)	$	2

__________ 

^(a)  For the year ended December 31, 2019, $4 million and $1 million were included in operating expenses and selling, general and administrative expenses, respectively. For the year ended December 31, 2018, $4 million and $2 million were included in operating expenses and selling, general and administrative expenses, respectively.

^(b) 

Included in selling, general and administrative expenses.

Summary of Funded Status of Pension Plans

The Company uses a measurement date of December 31 for its pension plans. The funded status of the pension plans were as follows:

	As of December 31,
Change in Benefit Obligation	2019			2018
Benefit obligation at end of prior year	$	722		$	779
Service cost	5			6
Interest cost	21			19
Actuarial (gain) loss	87			(32		)
Currency translation adjustment	13			(24		)
Net benefits paid	(27		)	(26		)
Benefit obligation at end of current year	$	821		$	722
Change in Plan Assets
Fair value of assets at end of prior year	$	549		$	614
Actual return on plan assets	91			(29		)
Employer contributions	21			11
Currency translation adjustment	14			(21		)
Net benefits paid	(26		)	(26		)
Fair value of assets at end of current year	$	649		$	549

Schedule of Net Funded Status [Table Text Block]

	As of December 31,
Funded Status	2019			2018
Classification of net balance sheet assets (liabilities):
Non-current assets	$	20		$	18
Current liabilities	(4		)	(4		)
Non-current liabilities	(188		)	(187		)
Net funded status	$	(172	)	$	(173	)

Summary of Assumptions Used to Determine Pension Obligations and Pension Costs

The following assumptions were used to determine pension obligations and pension costs for the principal plans in which the Company’s employees participated:

		For the Year Ended December 31,
U.S. Pension Benefit Plans		2019		2018		2017
Discount rate:
	Net periodic benefit cost	4.15	%	3.50	%	3.90	%
	Benefit obligation	3.10	%	4.15	%	3.50	%
Long-term rate of return on plan assets		7.00	%	7.00	%	7.00	%
Non-U.S. Pension Benefit Plans
Discount rate:
	Net periodic benefit cost	2.75	%	2.55	%	2.45	%
	Benefit obligation	1.95	%	2.75	%	2.55	%
Long-term rate of return on plan assets		4.50	%	4.50	%	4.70	%

Summary of Defined Benefit Pension Plans' Assets Fair Value

The following table presents the defined benefit pension plans’ assets measured at fair value, as of December 31:

	2019
Asset Class	Level 1		Level 2		Total
Cash equivalents and short-term investments	$	16	$	54	$	70
U.S. equities	100		52		152
Non-U.S. equities	59		99		158
Government bonds	4		3		7
Corporate bonds	96		20		116
Other assets	2		144		146
Total assets	$	277	$	372	$	649

	2018
Asset Class	Level 1		Level 2		Total
Cash equivalents and short-term investments	$	10	$	25	$	35
U.S. equities	82		42		124
Non-U.S. equities	49		80		129
Real estate	—		17		17
Government bonds	3		8		11
Corporate bonds	89		31		120
Other assets	2		111		113
Total assets	$	235	$	314	$	549