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Employee Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2021
Retirement Benefits [Abstract]  
Schedule of Defined Benefit Plan Funded Status of Plan
Below is the reconciliation of the beginning and ending balances of benefit obligations, fair value of plan assets and the funded status of our pension plans.
 Pension Benefits
  20212020
Change in benefit obligation:
Benefit obligation at beginning of year$3,806 $3,451 
Service cost27 27 
Interest cost64 77 
Actuarial (gain) loss (1)
(154)393 
Benefits paid(111)(101)
Curtailments(9)(3)
Settlements(33)(79)
Other2 1 
Foreign currency translation adjustments(42)40 
Benefit obligation at end of year3,550 3,806 
Change in plan assets:
Fair value of plan assets at beginning of year3,202 3,004 
Actual return on plan assets83 347 
Employer contributions28 20 
Benefits paid(111)(101)
Settlements(33)(79)
Foreign currency translation adjustments(22)11 
Fair value of plan assets at end of year3,147 3,202 
Funded status - underfunded at end of year$(403)$(604)
Accumulated benefit obligation$3,497 $3,755 
(1)The actuarial (gain) loss was primarily related to a change in the discount rate used to measure the benefit obligation for our plans in 2021 and 2020.
Schedule of Amounts Recognized in the Consolidated Balance Sheets
The amounts recognized in the consolidated statements of financial position consist of the following at December 31:
 Pension Benefits
  20212020
Noncurrent assets$109 $14 
Current liabilities(17)(18)
Noncurrent liabilities(495)(600)
Net amount recognized$(403)$(604)
Schedule of Accumulated Benefit Obligations in Excess of Plan Assets
Information for the plans with ABOs and PBOs in excess of plan assets is as follows at December 31:
 Pension Benefits
  20212020
Projected benefit obligation$1,476 $3,390 
Accumulated benefit obligation$1,423 $3,340 
Fair value of plan assets$964 $2,772 
Schedule of Projected Benefit Obligation in Excess of Plan Assets
Information for the plans with ABOs and PBOs in excess of plan assets is as follows at December 31:
 Pension Benefits
  20212020
Projected benefit obligation$1,476 $3,390 
Accumulated benefit obligation$1,423 $3,340 
Fair value of plan assets$964 $2,772 
Schedule of Net Period Cost (Income)
The components of net periodic cost are as follows:
Pension Benefits
202120202019
Service cost$27 $27 $21 
Interest cost64 77 90 
Expected return on plan assets(130)(121)(122)
Amortization of prior service credit
1 1 1 
Amortization of net actuarial loss40 34 17 
Curtailment / settlement loss 2 10 9 
Net periodic cost$4 $28 $16 
Schedule of Weighted Average Assumptions Used to Determine Benefit Obligations Weighted average assumptions used to determine benefit obligations for these plans are as follows:
 Pension Benefits
  20212020
Discount rate2.15 %1.66 %
Rate of compensation increase3.21 %3.25 %
Interest crediting rate2.60 %2.60 %
Schedule of Weighted Average Assumptions Used to Determine Net Periodic Cost
Weighted average assumptions used to determine net periodic cost for these plans are as follows:
Pension Benefits
202120202019
Discount rate1.66 %2.34 %3.43 %
Expected long-term return on plan assets
4.07 %4.20 %5.48 %
Interest crediting rate2.60 %2.60 %3.15 %
Schedule of Accumulated Other Comprehensive Loss The amount recorded before-tax in accumulated other comprehensive loss related to our pension plans consists of the following at December 31:
 Pension Benefits
  20212020
Net actuarial loss$365 $527 
Net prior service cost17 18 
Total$382 $545 
Schedule of Fair Values of the Assets in U.S. Plan
The table below presents the fair value of the pension assets at December 31:
20212020
Debt securities
Fixed income and cash investment funds$1,890 $1,807 
Equity securities
Global equity securities (1)
250 346 
U.S. equity securities (1)
222 299 
Insurance contracts112 120 
Real estate59 85 
Private equities48 52 
Other investments (2)
566 493 
Total plan assets$3,147 $3,202 
(1)Include direct investments and investment funds.
(2)Consists primarily of asset allocation fund investments.
Schedule of Expected Future Benefit Payments
The following table presents the expected benefit payments for Pension Benefits over the next 10 years. For company sponsored pension plans, the benefit payments are made by the respective pension trust funds.
YearPension Benefits
2022$161 
2023132 
2024135 
2025137 
2026142 
2027-2031744