Annual report pursuant to Section 13 and 15(d)

Employee Benefit Plans - Pension and Postretirement Plans (Details)

v3.22.4
Employee Benefit Plans - Pension and Postretirement Plans (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Change in fair value of plan assets      
Fair value, January 1 $ 26,096    
Fair value, December 31 19,123 $ 26,096  
U.S. | Postretirement Health and Life Plans      
Change in fair value of plan assets      
Fair value, January 1 117 143  
Actual return on plan assets 2 0  
Company contributions (withdrawals) 45 38  
Plan participant contributions 104 107  
Settlements and curtailments 0 0  
Benefits paid (161) (171)  
Federal subsidy on benefits paid 0 0  
Fair value, December 31 107 117 $ 143
Change in projected benefit obligation      
Projected benefit obligation, January 1 928 1,007  
Service cost 4 5 5
Interest cost 25 24 32
Plan participant contributions 104 107  
Plan amendments 0 0  
Settlements and curtailments 0 0  
Actuarial loss (gain) (198) (44)  
Benefits paid (161) (171)  
Federal subsidy on benefits paid 0 0  
Foreign currency exchange rate changes (2) 0  
Projected benefit obligation, December 31 700 928 1,007
Amounts recognized on Consolidated Balance Sheet      
Other assets 0 0  
Accrued expenses and other liabilities (593) (811)  
Net amount recognized, December 31 (593) (811)  
Funded status, December 31      
Projected benefit obligation $ 700 $ 928 1,007
Weighted-average assumptions, December 31      
Discount rate 5.56% 2.85%  
U.S. | Qualified | Pension Plan      
Change in fair value of plan assets      
Fair value, January 1 $ 22,078 $ 21,776  
Actual return on plan assets (3,896) 1,215  
Company contributions (withdrawals) 0 0  
Plan participant contributions 0 0  
Settlements and curtailments 0 0  
Benefits paid (924) (913)  
Fair value, December 31 17,258 22,078 21,776
Change in projected benefit obligation      
Projected benefit obligation, January 1 15,676 16,427  
Service cost 0 0 0
Interest cost 438 414 500
Plan participant contributions 0 0  
Plan amendments 0 0  
Settlements and curtailments 0 0  
Actuarial loss (gain) (3,610) (252)  
Benefits paid (924) (913)  
Projected benefit obligation, December 31 11,580 15,676 16,427
Amounts recognized on Consolidated Balance Sheet      
Other assets 5,678 6,402  
Accrued expenses and other liabilities 0 0  
Net amount recognized, December 31 5,678 6,402  
Funded status, December 31      
Accumulated benefit obligation 11,580 15,676  
Overfunded (unfunded) status of ABO 5,678 6,402  
Provision for future salaries 0 0  
Projected benefit obligation $ 11,580 $ 15,676 16,427
Weighted-average assumptions, December 31      
Discount rate 5.54% 2.86%  
Interest-crediting rate 5.36% 4.83%  
U.S. | Nonqualified | Other Pension Plan      
Change in fair value of plan assets      
Fair value, January 1 $ 2,585 $ 2,789  
Actual return on plan assets (332) (55)  
Company contributions (withdrawals) (135) 87  
Plan participant contributions 0 0  
Settlements and curtailments (6) 0  
Benefits paid (226) (236)  
Fair value, December 31 1,886 2,585 2,789
Change in projected benefit obligation      
Projected benefit obligation, January 1 2,753 3,005  
Service cost 0 0 1
Interest cost 74 67 90
Plan participant contributions 0 0  
Plan amendments 0 0  
Settlements and curtailments (6) 0  
Actuarial loss (gain) (486) (83)  
Benefits paid (226) (236)  
Projected benefit obligation, December 31 2,109 2,753 3,005
Amounts recognized on Consolidated Balance Sheet      
Other assets 495 777  
Accrued expenses and other liabilities (718) (945)  
Net amount recognized, December 31 (223) (168)  
Funded status, December 31      
Accumulated benefit obligation 2,109 2,753  
Overfunded (unfunded) status of ABO (223) (168)  
Provision for future salaries 0 0  
Projected benefit obligation $ 2,109 $ 2,753 3,005
Weighted-average assumptions, December 31      
Discount rate 5.58% 2.80%  
Rate of compensation increase 4.00% 4.00%  
Interest-crediting rate 4.69% 4.22%  
Non-U.S. | Pension Plan      
Change in fair value of plan assets      
Fair value, January 1 $ 3,031 $ 3,078  
Actual return on plan assets (898) 62  
Company contributions (withdrawals) 30 24  
Plan participant contributions 1 1  
Settlements and curtailments (51) (11)  
Benefits paid (62) (84)  
Foreign currency exchange rate changes (323) (39)  
Fair value, December 31 1,728 3,031 3,078
Change in projected benefit obligation      
Projected benefit obligation, January 1 3,116 3,340  
Service cost 29 28 20
Interest cost 53 45 49
Plan participant contributions 1 1  
Plan amendments 3 0  
Settlements and curtailments (51) (11)  
Actuarial loss (gain) (1,054) (152)  
Benefits paid (62) (84)  
Foreign currency exchange rate changes (283) (51)  
Projected benefit obligation, December 31 1,752 3,116 3,340
Amounts recognized on Consolidated Balance Sheet      
Other assets 370 550  
Accrued expenses and other liabilities (394) (635)  
Net amount recognized, December 31 (24) (85)  
Funded status, December 31      
Accumulated benefit obligation 1,694 3,031  
Overfunded (unfunded) status of ABO 34 0  
Provision for future salaries 58 85  
Projected benefit obligation $ 1,752 $ 3,116 $ 3,340
Weighted-average assumptions, December 31      
Discount rate 4.59% 1.85%  
Rate of compensation increase 4.25% 4.46%  
Interest-crediting rate 2.03% 1.90%