XML 86 R66.htm IDEA: XBRL DOCUMENT v3.22.2
RETIREMENT BENEFITS - Funded Status and Accumulated Other Comprehensive Income (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
U.S. | Pension Plans          
Change in projected benefit obligation          
Projected benefit obligation at beginning of year   $ 12,766   $ 12,766  
Benefits earned during the period $ 0   $ 0 0 $ 0
Interest cost on benefit obligation 105   95 191 177
Change in plan assets          
Plan assets at fair value at beginning of year   12,977   12,977  
Net amount recognized at period end          
Benefit asset 940     940  
Benefit liability (559)     (559)  
Net amount recognized on the balance sheet—Significant Plans 381     381  
Amounts recognized in AOCI at period end(5)          
Prior service benefit 0     0  
Net actuarial (loss) gain (6,464)     (6,464)  
Net amount recognized in equity-pretax (6,464)     (6,464)  
Accumulated benefit obligation at period end—Significant Plans 10,457     10,457  
U.S. | Pension Plans | Other than Significant Plans Measured Annually          
Change in projected benefit obligation          
Projected benefit obligation at beginning of year   23   23  
Change in plan assets          
Plan assets at fair value at beginning of year   0   0  
U.S. | Pension Plans | Significant Plans Measured Quarterly          
Change in projected benefit obligation          
Projected benefit obligation at beginning of year 11,509 12,743   12,743  
Quarter activity   (1,234)      
Benefits earned during the period 0        
Interest cost on benefit obligation 105        
Actuarial (gain) (903)        
Benefits paid, net of participants’ contributions and government subsidy (253)        
Settlement (gain) 0        
Curtailment (gain) 0        
Foreign exchange impact and other 0        
Projected benefit obligation at period end—Significant Plans 10,458 11,509   10,458  
Change in plan assets          
Plan assets at fair value at beginning of year 11,947 12,977   12,977  
Quarterly activity   (1,030)      
Actual return on plan assets       (868)  
Company contributions, net of reimbursements       13  
Benefits paid, net of participants’ contributions and government subsidy       (253)  
Settlement gain       0  
Foreign exchange impact and other       0  
Plan assets at fair value at period end—Significant Plans 10,839 11,947   10,839  
Funded status of the Significant Plans 381     381  
U.S. | Postretirement Benefit Plans          
Change in projected benefit obligation          
Projected benefit obligation at beginning of year   501   501  
Benefits earned during the period 0   0 0 0
Interest cost on benefit obligation 4   3 7 6
Change in plan assets          
Plan assets at fair value at beginning of year   319   319  
Net amount recognized at period end          
Benefit asset 0     0  
Benefit liability (140)     (140)  
Net amount recognized on the balance sheet—Significant Plans (140)     (140)  
Amounts recognized in AOCI at period end(5)          
Prior service benefit 87     87  
Net actuarial (loss) gain 119     119  
Net amount recognized in equity-pretax 206     206  
Accumulated benefit obligation at period end—Significant Plans 406     406  
U.S. | Postretirement Benefit Plans | Other than Significant Plans Measured Annually          
Change in projected benefit obligation          
Projected benefit obligation at beginning of year   0   0  
Change in plan assets          
Plan assets at fair value at beginning of year   0   0  
U.S. | Postretirement Benefit Plans | Significant Plans Measured Quarterly          
Change in projected benefit obligation          
Projected benefit obligation at beginning of year 451 501   501  
Quarter activity   (50)      
Benefits earned during the period 0        
Interest cost on benefit obligation 4        
Actuarial (gain) (36)        
Benefits paid, net of participants’ contributions and government subsidy (13)        
Settlement (gain) 0        
Curtailment (gain) 0        
Foreign exchange impact and other 0        
Projected benefit obligation at period end—Significant Plans 406 451   406  
Change in plan assets          
Plan assets at fair value at beginning of year 300 319   319  
Quarterly activity   (19)      
Actual return on plan assets       (15)  
Company contributions, net of reimbursements       (6)  
Benefits paid, net of participants’ contributions and government subsidy       (13)  
Settlement gain       0  
Foreign exchange impact and other       0  
Plan assets at fair value at period end—Significant Plans 266 300   266  
Funded status of the Significant Plans (140)     (140)  
Non-U.S. plans | Pension Plans          
Change in projected benefit obligation          
Projected benefit obligation at beginning of year   8,001   8,001  
Benefits earned during the period 30   38 64 77
Interest cost on benefit obligation 79   70 152 132
Change in plan assets          
Plan assets at fair value at beginning of year   7,614   7,614  
Net amount recognized at period end          
Benefit asset 844     844  
Benefit liability (375)     (375)  
Net amount recognized on the balance sheet—Significant Plans 469     469  
Amounts recognized in AOCI at period end(5)          
Prior service benefit 0     0  
Net actuarial (loss) gain (992)     (992)  
Net amount recognized in equity-pretax (992)     (992)  
Accumulated benefit obligation at period end—Significant Plans 4,563     4,563  
Non-U.S. plans | Pension Plans | Other than Significant Plans Measured Annually          
Change in projected benefit obligation          
Projected benefit obligation at beginning of year   2,071   2,071  
Change in plan assets          
Plan assets at fair value at beginning of year   1,419   1,419  
Non-U.S. plans | Pension Plans | Significant Plans Measured Quarterly          
Change in projected benefit obligation          
Projected benefit obligation at beginning of year 5,645 5,930   5,930  
Quarter activity   (285)      
Benefits earned during the period 15        
Interest cost on benefit obligation 68        
Actuarial (gain) (489)        
Benefits paid, net of participants’ contributions and government subsidy (69)        
Settlement (gain) (246)        
Curtailment (gain) (23)        
Foreign exchange impact and other (163)        
Projected benefit obligation at period end—Significant Plans 4,738 5,645   4,738  
Change in plan assets          
Plan assets at fair value at beginning of year 5,969 6,195   6,195  
Quarterly activity   (226)      
Actual return on plan assets       (512)  
Company contributions, net of reimbursements       208  
Benefits paid, net of participants’ contributions and government subsidy       (69)  
Settlement gain       (246)  
Foreign exchange impact and other       (143)  
Plan assets at fair value at period end—Significant Plans 5,207 5,969   5,207  
Funded status of the Significant Plans 469     469  
Non-U.S. plans | Postretirement Benefit Plans          
Change in projected benefit obligation          
Projected benefit obligation at beginning of year   1,169   1,169  
Benefits earned during the period 0   2 1 4
Interest cost on benefit obligation 23   $ 24 46 $ 49
Change in plan assets          
Plan assets at fair value at beginning of year   1,043   1,043  
Net amount recognized at period end          
Benefit asset 77     77  
Benefit liability 0     0  
Net amount recognized on the balance sheet—Significant Plans 77     77  
Amounts recognized in AOCI at period end(5)          
Prior service benefit 37     37  
Net actuarial (loss) gain (213)     (213)  
Net amount recognized in equity-pretax (176)     (176)  
Accumulated benefit obligation at period end—Significant Plans 751     751  
Non-U.S. plans | Postretirement Benefit Plans | Other than Significant Plans Measured Annually          
Change in projected benefit obligation          
Projected benefit obligation at beginning of year   298   298  
Change in plan assets          
Plan assets at fair value at beginning of year   7   7  
Non-U.S. plans | Postretirement Benefit Plans | Significant Plans Measured Quarterly          
Change in projected benefit obligation          
Projected benefit obligation at beginning of year 800 871   871  
Quarter activity   (71)      
Benefits earned during the period 0        
Interest cost on benefit obligation 20        
Actuarial (gain) (43)        
Benefits paid, net of participants’ contributions and government subsidy (17)        
Settlement (gain) 0        
Curtailment (gain) 0        
Foreign exchange impact and other (9)        
Projected benefit obligation at period end—Significant Plans 751 800   751  
Change in plan assets          
Plan assets at fair value at beginning of year 901 1,036   1,036  
Quarterly activity   (135)      
Actual return on plan assets       (45)  
Company contributions, net of reimbursements       0  
Benefits paid, net of participants’ contributions and government subsidy       (17)  
Settlement gain       0  
Foreign exchange impact and other       (11)  
Plan assets at fair value at period end—Significant Plans 828 $ 901   828  
Funded status of the Significant Plans 77     77  
Qualified plans | U.S. | Pension Plans | Significant Plans Measured Quarterly          
Change in plan assets          
Funded status of the Significant Plans 940     940  
Qualified plans | U.S. | Postretirement Benefit Plans | Significant Plans Measured Quarterly          
Change in plan assets          
Funded status of the Significant Plans (140)     (140)  
Qualified plans | Non-U.S. plans | Pension Plans | Significant Plans Measured Quarterly          
Change in plan assets          
Funded status of the Significant Plans 469     469  
Qualified plans | Non-U.S. plans | Postretirement Benefit Plans | Significant Plans Measured Quarterly          
Change in plan assets          
Funded status of the Significant Plans 77     77  
Nonqualified plans | U.S. | Pension Plans | Significant Plans Measured Quarterly          
Change in plan assets          
Funded status of the Significant Plans (559)     (559)  
Nonqualified plans | U.S. | Postretirement Benefit Plans | Significant Plans Measured Quarterly          
Change in plan assets          
Funded status of the Significant Plans 0     0  
Nonqualified plans | Non-U.S. plans | Pension Plans | Significant Plans Measured Quarterly          
Change in plan assets          
Funded status of the Significant Plans 0     0  
Nonqualified plans | Non-U.S. plans | Postretirement Benefit Plans | Significant Plans Measured Quarterly          
Change in plan assets          
Funded status of the Significant Plans $ 0     $ 0