Investor Presentaiton
Actuarial gains related to changes in the United States and Non-United States benefit obligations in 2022 of $713 million
and $817 million, respectively, were primarily due to increases in the discount rates used to measure the obligations. Actuarial
gains related to changes in the United States and Non-United States benefit obligations in 2021 of $82 million and
$143 million, respectively, were primarily due to increases in the discount rates used to measure the obligations.
Change in Plan Assets
(In millions)
Balance at January 1
Actual return on plan assets
Employer contributions
Gross benefits paid
Currency translation
Acquisitions and divestitures
Other
Balance at December 31
United States
pension liabilities
2022
2021
Non-United States
pension liabilities
Other postretirement
liabilities
2022
2021
2022
2021
20
$ 3,672 $ 3,463 $ 2,247 $ 2,137 $ 19 $
(682)
380
(554)
127
(2)
30
237
85
106
24
20
(386)
(435)
(99)
(107)
(38)
(36)
(197)
(23)
27
4
3
3
$ 2,635 $ 3,672 $ 1,486 $ 2,247 $
13
15
16 $
19
The components of pension plans with an accumulated benefit obligation in excess of plan assets at December 31 are as
follows:
(In millions)
Accumulated benefit obligation
Fair value of plan assets
United States
pension liabilities
Non-United States
pension liabilities
2022
2021
2022
2021
$
2,784 $
2,635
131 $
654 $
894
173
207
The components of pension plans with a projected benefit obligation in excess of plan assets at December 31 are as follows:
(In millions)
Projected benefit obligation
Fair value of plan assets
United States
pension liabilities
Non-United States
pension liabilities
2022
2021
2022
2021
$
2,807 $
2,635
147
$
722 $
1,290
195
521
Other postretirement benefit plans with accumulated postretirement benefit obligations in excess of plan assets have been
disclosed in the Obligations and Funded Status table.
446View entire presentation