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Retirement Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2019
Retirement Benefits [Abstract]  
Expense for defined contribution and defined benefit pension plans and other post employment defined benefit plans [Text Block]
 
Year Ended December 31,
(in millions)
2019
 
2018
 
2017
Defined contribution expense
$
37

 
$
35

 
$
34

Defined benefit pension expense
45

 
8

 
12

Other postretirement employee benefit expense

 

 
1

Total
$
82

 
$
43

 
$
47


Reconciliation of the plans' benefit obligations, plan assets, funded status and recognition [Text Block]
 
Pension benefits
 
Other postretirement
 
Year Ended December 31,
 
employee benefits
 
2019
 
2018
 
Year Ended December 31,
(in millions)
US
 
Non-US
 
US
 
Non-US
 
2019
 
2018
Change in projected benefit obligation:
 

 
 

 
 

 
 

 
 

 
 

Projected benefit obligation, January 1
$
253

 
$
612

 
$
283

 
$
629

 
$
87

 
$
107

Service cost

 
18

 

 
18

 

 

Interest cost
8

 
12

 
9

 
12

 
3

 
3

Plan amendments

 

 

 
2

 

 

Settlement and curtailment
(65
)
 
(5
)
 

 
(4
)
 

 

Actuarial (gain) loss
17

 
75

 
(18
)
 
5

 
3

 
(6
)
Currency translation

 
(1
)
 

 
(30
)
 

 

Benefits paid
(15
)
 
(16
)
 
(21
)
 
(20
)
 
(12
)
 
(17
)
Projected benefit obligation, December 31
$
198

 
$
695

 
$
253

 
$
612

 
$
81

 
$
87

Change in plan assets:
 

 
 

 
 

 
 

 
 

 
 

Fair value of plan assets, January 1
$
216

 
$
438

 
$
240

 
$
483

 
 

 
 

Actual return on plan assets
29

 
68

 
(11
)
 
(18
)
 
 

 
 

Employer contribution
10

 
16

 
7

 
19

 
 

 
 

Settlements
(65
)
 
(5
)
 

 
(4
)
 


 


Currency translation

 
4

 

 
(22
)
 
 

 
 

Benefits paid
(14
)
 
(16
)
 
(20
)
 
(20
)
 
 

 
 

Fair value of plan assets, December 31
$
176

 
$
505

 
$
216

 
$
438

 
 
 
 
Funded status
$
(22
)
 
$
(190
)
 
$
(37
)
 
$
(174
)
 
$
(81
)
 
$
(87
)
Amounts in the Consolidated Balance Sheets consist of:
 

 
 

 
 

 
 

 
 

 
 

Non-current assets
$

 
$
28

 
$

 
$
17

 
$

 
$

Current liabilities
(1
)
 
(4
)
 

 
(5
)
 
(10
)
 
(11
)
Non-current liabilities
(21
)
 
(214
)
 
(37
)
 
(186
)
 
(71
)
 
(76
)
Net amount
$
(22
)
 
$
(190
)
 
$
(37
)
 
$
(174
)
 
$
(81
)
 
$
(87
)
Amounts in accumulated other comprehensive loss consist of:
 

 
 

 
 

 
 

 
 

 
 

Net actuarial loss
$
82

 
$
211

 
$
113

 
$
193

 
$
16

 
$
13

Net prior service (credit) cost
(5
)
 
2

 
(6
)
 
2

 
(8
)
 
(12
)
Net amount
$
77

 
$
213

 
$
107

 
$
195

 
$
8

 
$
1

 
 
 
 
 
 
 
 
 
 
 
 
Total accumulated benefit obligation for all plans
$
198

 
$
660

 
$
253

 
$
583

 
 

 
 



Funded status of pension plans with accumulated benefit obligations in excess of plan assets [Text Block]
 
December 31,
(in millions)
2019
 
2018
Accumulated benefit obligation
$
(633
)
 
$
(650
)
Plan assets
425

 
450

Deficiency
$
(208
)
 
$
(200
)
Pension deficiency by country:
 

 
 

United States
$
(22
)
 
$
(37
)
Germany
(107
)
 
(95
)
Other
(79
)
 
(68
)
Total pension deficiency
$
(208
)
 
$
(200
)

Weighted average asset allocations of funded pensions plans and target allocations [Text Block]
 
December 31,
 
Target Allocation
 
2019
 
2018
 
U.S. Plans:
 

 
 

 
 
Real estate and other
16
%
 
11
%
 
0% - 15%
Fixed income securities
50
%
 
56
%
 
45% - 65%
Equity securities
34
%
 
33
%
 
25% - 45%
 
100
%
 
100
%
 
 
Non-U.S. Plans:
 

 
 

 
 
Insurance contract, real estate and other
30
%
 
8
%
 
0% - 36%
Fixed income securities
33
%
 
55
%
 
29% - 62%
Equity securities
37
%
 
37
%
 
30% - 43%
 
100
%
 
100
%
 
 

Components of net periodic benefit cost [Text Block]
 
Pension benefits
 
Other postretirement employee benefits
 
Year Ended December 31,
 
 
2019
 
2018
 
2017
 
Year Ended December 31,
(in millions)
US
 
Non-US
 
US
 
Non-US
 
US
 
Non-US
 
2019
 
2018
 
2017
Service cost
$

 
$
18

 
$

 
$
18

 
$

 
$
18

 
$

 
$

 
$

Interest cost
8

 
12

 
9

 
12

 
9

 
11

 
3

 
3

 
3

Expected return on plan assets
(11
)
 
(22
)
 
(14
)
 
(27
)
 
(13
)
 
(24
)
 

 

 

Settlements, curtailments and other
27

 
1

 

 

 

 

 

 

 

Amortization of unrecognized prior service (credit) cost
(1
)
 

 
(1
)
 

 
(1
)
 

 
(4
)
 
(4
)
 
(4
)
Amortization of unrecognized loss
4

 
9

 
4

 
7

 
4

 
8

 
1

 
1

 
2

Net periodic cost (income)
$
27

 
$
18

 
$
(2
)
 
$
10

 
$
(1
)
 
$
13

 
$

 
$

 
$
1



Defined benefit plan weighted average assumptions used in calculating benefit obligations [Text Block]
 
December 31,
(percent)
2019
 
2018
U.S. pension plans:
 
 
 
Discount rate
3.17
 
4.24
Rate of compensation increase
N/A
 
N/A
U.S. other postretirement employee benefit plans:
 
 
 
Discount rate
2.95
 
4.05
Rate of compensation increase
N/A
 
N/A
Non-U.S. pension plans:
 
 
 
Discount rate
1.61
 
2.28
Rate of compensation increase
3.05
 
2.99


The Company's weighted-average assumptions used to determine the net periodic benefit cost/(income) for its defined benefit pension and other postretirement employee benefit plans for the years ended December 31, 2019 and 2018 were as follows:
 
Year Ended December 31,
(percent)
2019
 
2018
U.S. pension plans:
 
 
 
Discount rate - service cost
4.24
 
3.55
Effective interest rate on benefit obligation
3.88
 
3.13
Expected long-term rate of return on assets
6.00
 
6.00
Average rate of increase in compensation
N/A
 
N/A
U.S. other postretirement plans:
 
 
 
Discount rate - service cost
3.43
 
2.65
Effective interest rate on benefit obligation
3.68
 
2.86
Expected long-term rate of return on assets
N/A
 
N/A
Average rate of increase in compensation
N/A
 
N/A
Non-U.S. pension plans:
 
 
 
Discount rate - service cost
2.55
 
2.71
Effective interest rate on benefit obligation
2.06
 
1.98
Expected long-term rate of return on assets
5.23
 
5.73
Average rate of increase in compensation
3.03
 
2.98

Defined benefit plan estimated future benefit payments [Text Block]
 
 
Pension benefits
 
Other postretirement employee benefits
(in millions)
 
 
 
 
 
Year
 
U.S.
 
Non-U.S.
 
2020
 
$
20

 
$
20

 
$
10

2021
 
15

 
23

 
9

2022
 
14

 
23

 
9

2023
 
14

 
24

 
8

2024
 
14

 
24

 
7

2025-2029
 
62

 
137

 
25


Defined benefit plan effect of one percentage point change in assumed health care cost trend rates [Text Block]
 
One Percentage Point
(in millions)
Increase
 
Decrease
Effect on other postretirement employee benefit obligation
$
5

 
$
(5
)
Effect on total service and interest cost components
$

 
$