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Long-Term Employee Benefit Liabilities
 12 Months Ended
Dec. 31, 2021
Postemployment Benefits [Abstract]  
Long-Term Employee Benefit Liabilities
17.    LONG-TERM EMPLOYEE BENEFIT LIABILITIES
Long-term employee benefit liabilities consist of:
 
    
2021
      2020  
Defined benefit pension plans and other [a]
   
$
 196        $ 216    
Termination and long-term service arrangements [b]
      456        468  
Retirement medical benefits plans [c]
      26        29  
Other long-term employee benefits
      22        16  
    
 
 
     
 
 
  
Long-term employee benefit obligations
   
$
 700      $ 729  
    
 
 
     
 
 
  
 
[a]
Defined benefit pension plans
The Company sponsors a number of defined benefit pension plans and similar arrangements for its employees. All pension plans are funded to at least the minimum legal funding requirements, while European defined benefit pension plans are unfunded.
The weighted average significant actuarial assumptions adopted in measuring the Company’s obligations and costs are as follows:
 
    
2021
     2020  
Projected benefit obligation
                 
Discount rate
   
 
2.4
% 
     2.1 % 
Rate of compensation increase
   
 
2.7
% 
     2.4 % 
     
Net periodic benefit cost
                 
Discount rate
   
 
2.3
% 
     2.8 % 
Rate of compensation increase
   
 
2.6
% 
     2.4 % 
Expected return on plan assets
   
 
4.1
% 
     4.6 % 
 
Information about the Company’s defined benefit pension plans is as follows:
 
    
2021
      2020  
Projected benefit obligation
                  
Beginning of year
   
$
731
 
    $ 659  
Current service cost
   
 
10
 
      10  
Interest cost
   
 
12
 
      17  
Actuarial (gains) losses and changes in actuarial assumptions
   
 
(37
) 
      43  
Benefits paid
   
 
(27
) 
      (23 ) 
Divestiture
   
 
11
 
      —    
Foreign exchange
   
 
(11
) 
      25  
    
 
 
     
 
 
  
End of year
   
 
689
 
      731  
    
 
 
     
 
 
  
Plan assets at fair value [i]
                  
Beginning of year
   
 
517
 
      478  
Return on plan assets
   
 
25
 
      42  
Employer contributions
   
 
12
 
      9  
Benefits paid
   
 
(23
) 
      (18 ) 
Foreign exchange
   
 
1
 
      6  
    
 
 
     
 
 
  
End of year
   
 
532
 
      517  
    
 
 
     
 
 
  
Ending funded status – Plan deficit
   
$
157
 
    $ 214  
    
 
 
     
 
 
  
Amounts recorded in the consolidated balance sheet
                  
Non-current
asset
[note 12]
   
$
(41
) 
    $ (4 ) 
Current liability
   
 
2
 
      2  
Non-current
liability
   
 
196
 
      216  
    
 
 
     
 
 
  
Net amount
   
$
157
 
    $ 214  
    
 
 
     
 
 
  
Amounts recorded in accumulated other comprehensive income Unrecognized actuarial losses
   
$
(112
) 
    $ (158 ) 
    
 
 
     
 
 
  
Net periodic benefit cost
                  
Current service cost
   
$
10
 
    $ 10  
Interest cost
   
 
12
 
      17  
Return on plan assets
   
 
(21
) 
      (21 ) 
Actuarial losses
   
 
8
 
      5  
    
 
 
     
 
 
  
Net periodic benefit cost
   
$
9
 
    $ 11  
    
 
 
     
 
 
  
 
  [i]
The asset allocation of the Company’s defined benefit pension plans at December 31, 2021 and the target allocation for 2022 is as follows:
 
    
2022
     2021  
Fixed income securities
   
 
55-80
% 
     63 % 
Equity securities
   
 
25-50
% 
     33 % 
Cash and cash equivalents
   
 
0-10
% 
     4 % 
    
 
 
    
 
 
  
    
 
100
% 
     100 % 
    
 
 
    
 
 
  
Substantially all of the plan assets’ fair value has been determined using significant observable inputs [level 2] from indirect market prices on regulated financial exchanges.
The expected rate of return on plan assets was determined by considering the Company’s current investment mix, the historic performance of these investment categories and expected future performance of these investment categories.
 
[b]
Termination and long-term service arrangements
Pursuant to labour laws and national labour agreements in certain European countries and Mexico, the Company is obligated to provide lump sum termination payments to employees on retirement or involuntary termination, and long service payments contingent upon persons reaching a predefined number of years of service.
The weighted average significant actuarial assumptions adopted in measuring the Company’s projected termination and long-term service benefit obligations and net periodic benefit cost are as follows:
 
    
2021
     2020  
Discount rate
   
 
 2.4
% 
     2.1 % 
Rate of compensation increase
   
 
3.1
% 
     3.1 % 
    
 
 
    
 
 
  
 
Information about the Company’s termination and long-term service arrangements is as follows:
 
    
2021
      2020  
Projected benefit obligation
                  
Beginning of year
   
$
478
 
    $ 446  
Current service cost
   
 
23
 
      32  
Interest cost
   
 
9
 
      8  
Actuarial losses (gains) and changes in actuarial assumptions
   
 
10
 
      (13 ) 
Benefits paid
   
 
(23
) 
      (27 ) 
Foreign exchange
   
 
(30
) 
      32  
    
 
 
     
 
 
  
Ending funded status – Plan deficit
   
$
467
 
    $ 478  
    
 
 
     
 
 
  
Amounts recorded in the consolidated balance sheet
                  
Current liability
   
$
11
 
    $ 10  
Non-current
liability
   
 
456
 
      468  
    
 
 
     
 
 
  
Net amount
   
$
467
 
    $ 478  
    
 
 
     
 
 
  
Amounts recorded in accumulated other comprehensive income Unrecognized actuarial losses
   
$
(112
) 
    $ (106 ) 
    
 
 
     
 
 
  
Net periodic benefit cost
                  
Current service cost
   
$
23
 
    $ 32  
Interest cost
   
 
9
 
      8  
Actuarial losses
   
 
4
 
      6  
    
 
 
     
 
 
  
Net periodic benefit cost
   
$
36
 
    $ 46  
    
 
 
     
 
 
  
 
[c]
Retirement medical benefits plans
The Company sponsors a number of retirement medical plans which were assumed on certain acquisitions in prior years. These plans are frozen to new employees and incur no current service costs.
In addition, the Company sponsors a retirement medical benefits plan that was amended during 2009 such that substantially all employees retiring on or after August 1, 2009 no longer participate in the plan.
The weighted average discount rates used in measuring the Company’s projected retirement medical benefit obligations and net periodic benefit cost are as follows:
 
    
2021
     2020  
Retirement medical benefit obligations
   
 
2.8
% 
     2.4 % 
Net periodic benefit cost
   
 
2.4
% 
     3.1 % 
Health care cost inflation
   
 
6.4
% 
     6.6 % 
    
 
 
    
 
 
  
Information about the Company’s retirement medical benefits plans are as follows:
 
    
2021
      2020  
Projected benefit obligation
                  
Beginning of year
   
$
30
 
    $ 29  
Interest cost
   
 
1
 
      1  
Actuarial (gains) losses and changes in actuarial assumptions
   
 
(3
) 
      1  
Benefits paid
   
 
(1
) 
      (1 ) 
    
 
 
     
 
 
  
Ending funded status – Plan deficit
   
$
27
 
    $ 30  
    
 
 
     
 
 
  
Amounts recorded in the consolidated balance sheet
                  
Current liability
   
$
1
 
    $ 1  
Non-current
liability
   
 
26
 
      29  
    
 
 
     
 
 
  
Net amount
   
$
27
 
    $ 30  
    
 
 
     
 
 
  
Amounts recorded in accumulated other comprehensive income Unrecognized actuarial gains
   
 
10
 
      6  
    
 
 
     
 
 
  
Total accumulated other comprehensive income
   
$
10
 
    $ 6  
    
 
 
     
 
 
  
Net periodic benefit cost
                  
Interest cost
   
$
1
 
    $ 1  
Actuarial gains
   
 
(1
) 
      (1 ) 
    
 
 
     
 
 
  
Net periodic benefit cost
   
$
—  
      $ —    
    
 
 
     
 
 
  
 
[d]
Future benefit payments
 
     Defined
benefit
pension plans		      Termination
and long
service
arrangements		      Retirement
medical
benefits plans		      Total  
Expected employer contributions - 2022
    $ 13      $ 11      $ 1      $ 25  
    
 
 
     
 
 
     
 
 
     
 
 
  
Expected benefit payments:
                                    
2022
    $ 26      $ 11      $ 1      $ 38  
2023
      25        14        1        40  
2024
      26        17        1        44  
2025
      27        19        2        48  
2026
      29        25        2        56  
Thereafter
      162        131        8        301  
    
 
 
     
 
 
     
 
 
     
 
 
  
     $ 295      $ 217      $ 15      $ 527