Benefit Plans - Weighted Average Assumptions for Pension Obligation (Details) |
12 Months Ended | |
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Dec. 31, 2020 |
Dec. 31, 2019 |
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Defined Benefit Pension Plans | United States | ||
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation | ||
Discount rate | 2.42% | 3.32% |
Rate of compensation increase | 3.00% | |
Defined Benefit Pension Plans | Foreign | ||
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation | ||
Discount rate | 1.78% | 2.34% |
Rate of compensation increase | 2.05% | 2.07% |
Supplemental Retirement Plans | ||
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation | ||
Discount rate | 2.20% | 3.10% |
Other Postretirement Benefits Plans | ||
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation | ||
Discount rate | 2.18% | 3.06% |
Immediate trend rate | 5.67% | 5.91% |
Ultimate trend rate | 4.38% | 4.39% |
Year that the rate reaches ultimate trend rate | 2038 | 2038 |
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- Definition Weighted average rate for present value of future retirement benefits cash flows, used to determine benefit obligation of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Weighted average rate increase of compensation, used to determine benefit obligation of defined benefit plan. Plan includes, but is not limited to, pay-related defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Assumed rate, for next fiscal year, based on annual change in cost of health care cost benefits used to measure expected cost of benefits covered by defined benefit postretirement plan. Factors include, but are not limited to, estimate of health care inflation, change in health care utilization or delivery pattern, technological advances, and change in health status of participant. Excludes factors for change in composition of plan population by age and dependency status. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Ultimate trend rate for health care cost for defined benefit postretirement plan. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Year ultimate health care cost trend rate is expected to be reached, in CCYY format. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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