Meritor Acquisition and 2022 Financial Results
Table of Contents
Assumptions
The table below presents assumptions used in determining the OPEB obligation for each year and reflects weighted-average percentages for our other OPEB plans as follows:
Discount rate
2022
2021
5.59%
2.75 %
The table below presents assumptions used in determining the net periodic OPEB cost and reflects weighted-average percentages for the various plans as follows:
Discount rate
2022
2.93 %
2021
2.30%
2020
3.15%
Our consolidated OPEB obligation is determined by application of the terms of health care and life insurance plans, together with relevant actuarial assumptions and health care
cost trend rates. For measurement purposes, a 6.75 percent annual rate of increase in the per capita cost of covered health care benefits was assumed in 2022. The rate is
assumed to decrease on a linear basis to 5.0 percent through 2032 and remain at that level thereafter.
Estimated Benefit Payments
The table below presents expected benefit payments under our OPEB plans:
In millions
Expected benefit payments
NOTE 12. SUPPLEMENTAL BALANCE SHEET DATA
Other assets included the following:
2023
2024
2025
2026
2027
2028 - 2032
$
22
$
20
$
19
$
17
$
16
$
64
December 31,
In millions
2022
2021
Deferred income taxes
$
625 $
428
Operating lease assets
492
444
Corporate owned life insurance
390
492
Other
633
402
Other assets
$
2,140
1,766
Other accrued expenses included the following:
In millions
Marketing accruals
Other taxes payable
Income taxes payable
Current portion of operating lease liabilities
Other
Other accrued expenses
105
December 31,
2022
2021
$
316 $
303
224
234
173
107
132
128
620
418
$
1,465
$
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