XML 117 R88.htm IDEA: XBRL DOCUMENT v3.22.4
RETIREMENT BENEFITS - Funded Status and Accumulated Other Comprehensive Income (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
U.S.      
Change in plan assets      
Plan assets at fair value at beginning of year $ 13,296    
Plan assets at fair value at year end 10,398 $ 13,296  
Amounts recognized in AOCI      
Net amount recognized in equity (pretax) 16 15  
U.S. | Pension Plans      
Change in projected benefit obligation      
Projected benefit obligation at beginning of year 12,766 13,815  
Service cost 0 0 $ 0
Interest cost on benefit obligation 442 351 378
Plan amendments 0 0  
Actuarial (gain) (2,522) (447)  
Benefits paid, net of participants’ contributions (945) (953)  
Divestitures 0 0  
Settlement 0 0  
Curtailment 0 0  
Foreign exchange impact and other 0 0  
Projected benefit obligation at period end 9,741 12,766 13,815
Change in plan assets      
Plan assets at fair value at beginning of year 12,977 13,309  
Actual return on assets (1,942) 565  
Company contributions, net of reimbursements 55 56  
Benefits paid, net of participants’ contributions (945) (953)  
Divestitures 0 0  
Settlement 0 0  
Foreign exchange impact and other 0 0  
Plan assets at fair value at year end 10,145 12,977 13,309
Funded status of the plans at year end 404 211  
Net amount recognized at year end      
Net amount recognized on the balance sheet 404 211  
Amounts recognized in AOCI      
Net transition obligation 0 0  
Prior service (cost) benefit (6) (8)  
Net actuarial (loss) gain (6,445) (6,575)  
Net amount recognized in equity (pretax) (6,451) (6,583)  
Accumulated benefit obligation at period end 9,740 12,765  
U.S. | Postretirement Benefit Plans      
Change in projected benefit obligation      
Projected benefit obligation at beginning of year 501 559  
Service cost 0 0 0
Interest cost on benefit obligation 16 13 17
Plan amendments 0 0  
Actuarial (gain) (95) (28)  
Benefits paid, net of participants’ contributions (47) (43)  
Divestitures 0 0  
Settlement 0 0  
Curtailment 0 0  
Foreign exchange impact and other 0 0  
Projected benefit obligation at period end 375 501 559
Change in plan assets      
Plan assets at fair value at beginning of year 319 331  
Actual return on assets (33) 9  
Company contributions, net of reimbursements 14 22  
Benefits paid, net of participants’ contributions (47) (43)  
Divestitures 0 0  
Settlement 0 0  
Foreign exchange impact and other 0 0  
Plan assets at fair value at year end 253 319 331
Funded status of the plans at year end (122) (182)  
Net amount recognized at year end      
Net amount recognized on the balance sheet (122) (182)  
Amounts recognized in AOCI      
Net transition obligation 0 0  
Prior service (cost) benefit 82 92  
Net actuarial (loss) gain 120 77  
Net amount recognized in equity (pretax) 202 169  
Accumulated benefit obligation at period end 375 501  
Non-U.S.      
Change in plan assets      
Plan assets at fair value at beginning of year 8,657    
Plan assets at fair value at year end 6,941 8,657  
Non-U.S. | Pension Plans      
Change in projected benefit obligation      
Projected benefit obligation at beginning of year 8,001 8,629  
Service cost 116 149 147
Interest cost on benefit obligation 329 268 246
Plan amendments 0 6  
Actuarial (gain) (1,168) (344)  
Benefits paid, net of participants’ contributions (397) (345)  
Divestitures (22) 0  
Settlement (364) (124)  
Curtailment (35) (30)  
Foreign exchange impact and other (85) (208)  
Projected benefit obligation at period end 6,375 8,001 8,629
Change in plan assets      
Plan assets at fair value at beginning of year 7,614 7,831  
Actual return on assets (1,212) 217  
Company contributions, net of reimbursements 495 155  
Benefits paid, net of participants’ contributions (397) (345)  
Divestitures (11) 0  
Settlement (364) (124)  
Foreign exchange impact and other (39) (120)  
Plan assets at fair value at year end 6,086 7,614 7,831
Funded status of the plans at year end (289) (387)  
Net amount recognized at year end      
Net amount recognized on the balance sheet (289) (387)  
Amounts recognized in AOCI      
Net transition obligation 0 0  
Prior service (cost) benefit 7 5  
Net actuarial (loss) gain (1,671) (1,400)  
Net amount recognized in equity (pretax) (1,664) (1,395)  
Accumulated benefit obligation at period end 6,051 7,559  
Non-U.S. | Postretirement Benefit Plans      
Change in projected benefit obligation      
Projected benefit obligation at beginning of year 1,169 1,390  
Service cost 2 6 7
Interest cost on benefit obligation 90 96 93
Plan amendments 0 0  
Actuarial (gain) (100) (110)  
Benefits paid, net of participants’ contributions (72) (78)  
Divestitures 0 0  
Settlement 0 0  
Curtailment 0 0  
Foreign exchange impact and other (76) (135)  
Projected benefit obligation at period end 1,013 1,169 1,390
Change in plan assets      
Plan assets at fair value at beginning of year 1,043 1,146  
Actual return on assets (75) 97  
Company contributions, net of reimbursements 9 8  
Benefits paid, net of participants’ contributions (72) (78)  
Divestitures 0 0  
Settlement 0 0  
Foreign exchange impact and other (50) (130)  
Plan assets at fair value at year end 855 1,043 $ 1,146
Funded status of the plans at year end (158) (126)  
Net amount recognized at year end      
Net amount recognized on the balance sheet (158) (126)  
Amounts recognized in AOCI      
Net transition obligation 0 0  
Prior service (cost) benefit 36 47  
Net actuarial (loss) gain (206) (182)  
Net amount recognized in equity (pretax) (170) (135)  
Accumulated benefit obligation at period end 1,013 1,169  
Qualified | U.S. | Pension Plans      
Change in plan assets      
Funded status of the plans at year end 949 894  
Net amount recognized at year end      
Benefit asset 949 894  
Benefit liability 0 0  
Net amount recognized on the balance sheet 949 894  
Qualified | U.S. | Postretirement Benefit Plans      
Change in plan assets      
Funded status of the plans at year end (122) (182)  
Net amount recognized at year end      
Benefit asset 0 0  
Benefit liability (122) (182)  
Net amount recognized on the balance sheet (122) (182)  
Qualified | Non-U.S. | Pension Plans      
Change in plan assets      
Funded status of the plans at year end (289) (387)  
Net amount recognized at year end      
Benefit asset 799 963  
Benefit liability (1,088) (1,350)  
Net amount recognized on the balance sheet (289) (387)  
Qualified | Non-U.S. | Postretirement Benefit Plans      
Change in plan assets      
Funded status of the plans at year end (158) (126)  
Net amount recognized at year end      
Benefit asset 28 165  
Benefit liability (186) (291)  
Net amount recognized on the balance sheet (158) (126)  
Nonqualified | U.S. | Pension Plans      
Change in plan assets      
Funded status of the plans at year end (545) (683)  
Net amount recognized at year end      
Net amount recognized on the balance sheet (545) (683)  
Nonqualified | U.S. | Postretirement Benefit Plans      
Change in plan assets      
Funded status of the plans at year end 0 0  
Net amount recognized at year end      
Net amount recognized on the balance sheet 0 0  
Nonqualified | Non-U.S. | Pension Plans      
Change in plan assets      
Funded status of the plans at year end 0 0  
Net amount recognized at year end      
Net amount recognized on the balance sheet 0 0  
Nonqualified | Non-U.S. | Postretirement Benefit Plans      
Change in plan assets      
Funded status of the plans at year end 0 0  
Net amount recognized at year end      
Net amount recognized on the balance sheet $ 0 $ 0