Annual report pursuant to Section 13 and 15(d)

Employee Benefit Plans - Pension and Postretirement Plans (Details)

v3.20.4
Employee Benefit Plans - Pension and Postretirement Plans (Details) - USD ($)
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2020
Dec. 31, 2019
Change in fair value of plan assets          
Fair value, January 1 $ 25,836,000,000        
Fair value, December 31 27,786,000,000 $ 25,836,000,000      
U.S. | Other Pension Plan          
Change in fair value of plan assets          
Company contributions 0 0      
U.S. | Postretirement Health and Life Plans          
Change in fair value of plan assets          
Fair value, January 1 199,000,000 252,000,000      
Actual return on plan assets 1,000,000 5,000,000      
Company contributions 6,000,000 24,000,000      
Plan participant contributions 110,000,000 103,000,000      
Settlements and curtailments 0 0      
Benefits paid (174,000,000) (185,000,000)      
Federal subsidy on benefits paid 1,000,000 0      
Fair value, December 31 143,000,000 199,000,000 $ 252,000,000    
Change in projected benefit obligation          
Projected benefit obligation, January 1 989,000,000 928,000,000      
Service cost 5,000,000 5,000,000 6,000,000    
Interest cost 32,000,000 38,000,000 36,000,000    
Plan participant contributions 110,000,000 103,000,000      
Plan amendments 0 0      
Settlements and curtailments 0 0      
Actuarial loss 43,000,000 99,000,000      
Benefits paid (173,000,000) (185,000,000)      
Federal subsidy on benefits paid 1,000,000 0      
Foreign currency exchange rate changes 0 1,000,000      
Projected benefit obligation, December 31 1,007,000,000 989,000,000 928,000,000    
Amounts recognized on Consolidated Balance Sheet          
Other assets       $ 0 $ 0
Accrued expenses and other liabilities       (864,000,000) (790,000,000)
Net amount recognized, December 31       (864,000,000) (790,000,000)
Funded status, December 31          
Projected benefit obligation 989,000,000 989,000,000 928,000,000 $ 1,007,000,000 $ 989,000,000
Weighted-average assumptions, December 31          
Discount rate       2.48% 3.27%
U.S. | Qualified | Pension Plan          
Change in fair value of plan assets          
Fair value, January 1 20,275,000,000 18,178,000,000      
Actual return on plan assets 2,468,000,000 3,187,000,000      
Company contributions 0 0      
Plan participant contributions 0 0      
Settlements and curtailments 0 0      
Benefits paid (967,000,000) (1,090,000,000)      
Fair value, December 31 21,776,000,000 20,275,000,000 18,178,000,000    
Change in projected benefit obligation          
Projected benefit obligation, January 1 15,361,000,000 14,144,000,000      
Service cost 0 0 0    
Interest cost 500,000,000 593,000,000 563,000,000    
Plan participant contributions 0 0      
Plan amendments 0 0      
Settlements and curtailments 0 0      
Actuarial loss 1,533,000,000 1,714,000,000      
Benefits paid (967,000,000) (1,090,000,000)      
Projected benefit obligation, December 31 16,427,000,000 15,361,000,000 14,144,000,000    
Amounts recognized on Consolidated Balance Sheet          
Other assets       $ 5,349,000,000 $ 4,914,000,000
Accrued expenses and other liabilities       0 0
Net amount recognized, December 31       5,349,000,000 4,914,000,000
Funded status, December 31          
Accumulated benefit obligation       16,427,000,000 15,361,000,000
Overfunded (unfunded) status of ABO       5,349,000,000 4,914,000,000
Provision for future salaries       0 0
Projected benefit obligation 15,361,000,000 15,361,000,000 14,144,000,000 $ 16,427,000,000 $ 15,361,000,000
Weighted-average assumptions, December 31          
Discount rate       2.57% 3.32%
Interest-crediting rate       5.02% 5.06%
U.S. | Nonqualified | Other Pension Plan          
Change in fair value of plan assets          
Fair value, January 1 2,666,000,000 2,584,000,000      
Actual return on plan assets 285,000,000 228,000,000      
Company contributions 86,000,000 91,000,000      
Plan participant contributions 0 0      
Settlements and curtailments 0 0      
Benefits paid (248,000,000) (237,000,000)      
Fair value, December 31 2,789,000,000 2,666,000,000 2,584,000,000    
Change in projected benefit obligation          
Projected benefit obligation, January 1 2,919,000,000 2,779,000,000      
Service cost 1,000,000 1,000,000 1,000,000    
Interest cost 90,000,000 113,000,000 105,000,000    
Plan participant contributions 0 0      
Plan amendments 0 0      
Settlements and curtailments 0 0      
Actuarial loss 243,000,000 263,000,000      
Benefits paid (248,000,000) (237,000,000)      
Projected benefit obligation, December 31 3,005,000,000 2,919,000,000 2,779,000,000    
Amounts recognized on Consolidated Balance Sheet          
Other assets       $ 812,000,000 $ 733,000,000
Accrued expenses and other liabilities       (1,028,000,000) (986,000,000)
Net amount recognized, December 31       (216,000,000) (253,000,000)
Funded status, December 31          
Accumulated benefit obligation       3,005,000,000 2,919,000,000
Overfunded (unfunded) status of ABO       (216,000,000) (253,000,000)
Provision for future salaries       0 0
Projected benefit obligation 3,005,000,000 2,779,000,000 2,779,000,000 $ 3,005,000,000 $ 2,919,000,000
Weighted-average assumptions, December 31          
Discount rate       2.33% 3.20%
Rate of compensation increase       4.00% 4.00%
Interest-crediting rate       4.49% 4.52%
Non-U.S. | Pension Plan          
Change in fair value of plan assets          
Fair value, January 1 2,696,000,000 2,461,000,000      
Actual return on plan assets 379,000,000 273,000,000      
Company contributions 23,000,000 20,000,000      
Plan participant contributions 1,000,000 1,000,000      
Settlements and curtailments (61,000,000) (42,000,000)      
Benefits paid (57,000,000) (108,000,000)      
Foreign currency exchange rate changes 97,000,000 91,000,000      
Fair value, December 31 3,078,000,000 2,696,000,000 2,461,000,000    
Change in projected benefit obligation          
Projected benefit obligation, January 1 2,887,000,000 2,589,000,000      
Service cost 20,000,000 17,000,000 19,000,000    
Interest cost 49,000,000 65,000,000 65,000,000    
Plan participant contributions 1,000,000 1,000,000      
Plan amendments 3,000,000 2,000,000      
Settlements and curtailments (61,000,000) (42,000,000)      
Actuarial loss 396,000,000 288,000,000      
Benefits paid (57,000,000) (108,000,000)      
Foreign currency exchange rate changes 102,000,000 75,000,000      
Projected benefit obligation, December 31 3,340,000,000 2,887,000,000 2,589,000,000    
Amounts recognized on Consolidated Balance Sheet          
Other assets       $ 428,000,000 $ 364,000,000
Accrued expenses and other liabilities       (690,000,000) (555,000,000)
Net amount recognized, December 31       (262,000,000) (191,000,000)
Funded status, December 31          
Accumulated benefit obligation       3,253,000,000 2,841,000,000
Overfunded (unfunded) status of ABO       (175,000,000) (145,000,000)
Provision for future salaries       87,000,000 46,000,000
Projected benefit obligation $ 3,340,000,000 $ 2,589,000,000 $ 2,589,000,000 $ 3,340,000,000 $ 2,887,000,000
Weighted-average assumptions, December 31          
Discount rate       1.37% 1.81%
Rate of compensation increase       4.11% 4.10%
Interest-crediting rate       1.58% 1.53%