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Employee Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2019
Retirement Benefits [Abstract]  
Pension and Postemployment Benefit Costs
Pension and postemployment benefit costs for the years ended December 31 were as follows: 
 
2019
 
2018
 
2017
In millions
Pension
 
Postemployment
 
Pension
 
Postemployment
 
Pension
 
Postemployment
Service cost
$
7

 
$
11

 
$
8

 
$
8

 
$
9

 
$
7

Interest cost
3

 
1

 
3

 
1

 
3

 
1

Expected return on plan assets
(2
)
 
—

 
(2
)
 
—

 
(2
)
 
—

Curtailment charge
—

 
—

 
(1
)
 
—

 
—

 
—

Amortization of actuarial loss
1

 
5

 
1

 
4

 
1

 
2

Amortization of prior service (credit) cost
—

 
—

 
—

 
—

 
(1
)
 
1

Total costs
$
9

 
$
17

 
$
9

 
$
13

 
$
10

 
$
11
Accumulated Pension Benefit Obligation The following tables present the changes in benefit obligations, plan assets, funded status and the reconciliation of the funded status to amounts recognized in the consolidated balance sheets and in accumulated other comprehensive income at December 31:
 
Pension
 
Postemployment
In millions
2019
 
2018
 
2019
 
2018
Change in benefit obligation
 
 
 
 
 
 
 
Benefit obligation at January 1
$
132

 
$
136

 
$
54

 
$
47

Service cost
7

 
8

 
11

 
8

Interest cost
3

 
3

 
1

 
1

Plan participant contributions
1

 
1

 
—

 
—

Actuarial loss (gain)
24

 
(5
)
 
21

 
12

Benefits paid
(10
)
 
(2
)
 
(26
)
 
(14
)
Curtailment
(1
)
 
(1
)
 
—

 
—

Settlement
(6
)
 
(4
)
 
—

 
—

Currency translation adjustments
(1
)
 
(4
)
 
—

 
—

Benefit obligation at December 31
$
149

 
$
132

 
$
61

 
$
54

Change in plan assets
 
 
 
 
 
 
 
Fair value of plan assets at January 1
$
68

 
$
75

 
$
—

 
$
—

Actual return on plan assets
10

 
(2
)
 
—

 
—

Company contributions
6

 
5

 
—

 
—

Benefits paid
(10
)
 
(2
)
 
—

 
—

Currency translation adjustments
—

 
(1
)
 
—

 
—

Plan participant contribution
1

 
1

 
—

 
—

Settlements
(6
)
 
(4
)
 
—

 
—

Other
—

 
(4
)
 
—

 
—

Fair value of plan assets at December 31
69

 
68

 
—

 
—

Funded status (underfunded)
$
(80
)
 
$
(64
)
 
$
(61
)
 
$
(54
)
Amounts Recognized in the Consolidated Balance Sheet
 
 
 
 
 
 
 
Non-current assets
$
6

 
$
5

 
$
—

 
$
—

Current liabilities
(1
)
 
(1
)
 
(10
)
 
(9
)
Non-current liabilities
(85
)
 
(68
)
 
(51
)
 
(45
)
Net amounts recognized
$
(80
)
 
$
(64
)
 
$
(61
)
 
$
(54
)
Amounts Recognized in Accumulated Other Comprehensive (Loss) Income
 
 
 
 
 
 
 
Unrecognized Net actuarial loss
$
30

 
$
16

 
$
61

 
$
44

Unrecognized Prior service cost
—

 
—

 
2

 
3

Total
$
30

 
$
16

 
$
63

 
$
47


The following table presents pension plans with accumulated benefit obligations in excess of plan assets at December 31:
In millions
2019
 
2018
Projected benefit obligation
$
119

 
$
68

Accumulated benefit obligation
$
109

 
$
61

Fair value of plan assets
$
33

 
$
—


The following table presents the accumulated pension benefit obligation at December 31:
In millions
2019
 
2018
Accumulated pension benefit obligation
$
137

 
$
122
Pre-Tax Net Changes in Projected Benefit Obligations Recognized in Other Comprehensive Income
The following table presents the pre-tax net changes in projected benefit obligations recognized in other comprehensive income:  
 
Pension
 
Postemployment
In millions
2019
 
2018
 
2019
 
2018
Actuarial loss (gain) arising during the year
$
15

 
$
(2
)
 
$
21

 
$
12

Amortization of loss included in net periodic benefit cost
(1
)
 
(1
)
 
(5
)
 
(4
)
Recognition of gain due to curtailment
—

 
1

 
—

 
—

Foreign currency exchange
—

 
(1
)
 
—

 
—

Total recognized in other comprehensive (loss) income
$
14

 
$
(3
)
 
$
16

 
$
8
Amounts in Accumulated Other Comprehensive Income Expected to be Recognized as Components of Net Periodic Benefit Cost
The following table presents the amounts in accumulated other comprehensive income expected to be recognized as components of net periodic benefit cost during 2020: 
In millions
Pension
 
Postemployment
Net loss to be recognized in other comprehensive income
$
3

 
$
7
Weighted-Average Rates and Assumptions Used to Determine Benefit Obligations and Net Periodic Benefit
The weighted-average rates and assumptions used to determine benefit obligations at December 31, and net periodic benefit cost for the years ended December 31, were as follows: 
 
Pension Benefit Obligations
 
Pension Benefit Cost
 
2019
 
2018
 
2019
 
2018
 
2017
Discount rate
1.2%
 
2.2%
 
2.2%
 
2.1%
 
2.0%
Rate of compensation increase
3.0%
 
3.4%
 
3.4%
 
3.3%
 
3.3%
Expected return on plan assets
N/A
 
N/A
 
3.0%
 
2.8%
 
2.9%
 
Postemployment 
Benefit Obligations
 
Postemployment 
Benefit Cost
 
2019
 
2018
 
2019
 
2018
 
2017
Discount rate
1.8%
 
2.5%
 
2.5%
 
2.6%
 
3.4%
Rate of compensation increase
3.0%
 
3.0%
 
3.0%
 
3.0%
 
3.0%
Involuntary turnover rate
3.0%
 
2.5%
 
2.5%
 
2.3%
 
2.0%
Weighted-Average Asset Allocations, by Category The weighted-average asset allocations at December 31, by asset category are as follows: 
 
Actual Asset Allocation
as of December 31
 
Target Asset
 
2019
 
2018
 
Allocation
Equity securities
34%
 
32%
 
32%
Debt securities
43%
 
51%
 
49%
Insurance (annuity) contracts
12%
 
12%
 
12%
Real estate
10%
 
3%
 
4%
Other
1%
 
2%
 
3%
Total
100%
 
100%
 
100%
Pension Plan Assets at Fair Value
The following table sets forth by level, within the fair value hierarchy, the pension plan assets at fair value as of December 31, 2018: 
 
 
 
Fair Value Measurements at Reporting Date Using
 
 
 
Quoted Prices in Active 
Markets
for Identical
Assets
 
Significant
Other
Observable
Inputs
 
Significant
Unobservable
Inputs
In millions
December 31, 2018
 
(Level 1)
 
(Level 2)
 
(Level 3)
Money market funds
$
1

 
$
—

 
$
1

 
$
—

Equity funds
22

 
—

 
22

 
—

Bond/fixed-income funds
35

 
—

 
35

 
—

Real estate indirect investments
2

 
—

 
2

 
—

Insurance contracts
8

 
—

 
—

 
8

Total assets at fair value
$
68

 
$
—

 
$
60

 
$
8


The following table sets forth by level, within the fair value hierarchy, the pension plan assets at fair value as of December 31, 2019: 
 
 
 
Fair Value Measurements at Reporting Date Using
 
 
 
Quoted Prices in Active Markets
for Identical
Assets
 
Significant
Other
Observable
Inputs
 
Significant
Unobservable
Inputs
In millions
December 31, 2019
 
(Level 1)
 
(Level 2)
 
(Level 3)
Money market funds
$
1

 
$
—

 
$
1

 
$
—

Equity funds
23

 
—

 
23

 
—

Bond/fixed-income funds
30

 
—

 
30

 
—

Real estate indirect investments
7

 
—

 
7

 
—

Insurance contracts
8

 
—

 
—

 
8

Total assets at fair value
$
69

 
$
—

 
$
61

 
$
8
Changes in Fair Value of the Pension Plan Level 3 Assets
The table below sets forth a summary of changes in the fair value of the pension plan level 3 assets for the year ended December 31, 2019:
In millions
Insurance
Contracts
Balance as of January 1, 2019
$
8

Purchases, sales and settlements, net
—

Balance as of December 31, 2019
$
8


The table below sets forth a summary of changes in the fair value of the pension plan level 3 assets for the year ended December 31, 2018:
In millions
Insurance
Contracts
Balance as of January 1, 2018
$
12

Purchases, sales and settlements, net
(4
)
December 31, 2018
$
8
Estimated Future Benefit Payments The Company expects to make the following benefit payments, estimated based on the assumptions used to measure the company's benefit obligation at the end of the year, reflecting past and future service from its pension and postemployment plans: 
 
Pension
 
Postemployment
In millions
Benefits
 
Benefits
Year
 
 
 
2020
$
4

 
$
10

2021
$
6

 
$
10

2022
$
6

 
$
10

2023
$
6

 
$
10

2024
$
7

 
$
9

2025 - 2029
$
39

 
$
49
U.S and International Subsidiary Savings Plans The following table identifies the expense for the United States and International subsidiary savings plans for the years ended December 31:
In millions
2019
 
2018
 
2017
U.S. savings plan
$
21

 
$
22

 
$
21

International subsidiary savings plans
$
16

 
$
17

 
$
17