ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾

Annual report pursuant to Section 13 and 15(d)

EMPLOYEE BENEFIT PLANS (Tables)

v3.19.3.a.u2
EMPLOYEE BENEFIT PLANS (Tables)
 12 Months Ended
Dec. 31, 2019
EMPLOYEE BENEFIT PLANS Ìý
Schedule of funded status of the plans and the amounts recognized in the consolidated balance sheets

The following table sets forth the funded status of the plans for us and ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International and the amounts recognized in our consolidated balance sheets at December 31, 2019 and 2018 (dollars in millions):

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�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

DefinedÌýBenefitÌýPlans

�

OtherÌýPostretirementÌýBenefitÌýPlans

�

�

2019

�

2018

�

2019

�

2018

�

�

U.S.

�

Non-U.S.

�

U.S.

�

Non-U.S.

�

U.S.

�

Non-U.S.

�

U.S.

�

Non-U.S.

�

�

Plans

�

Plans

�

Plans

�

Plans

�

Plans

�

Plans

�

Plans

�

Plans

Change in benefit obligation

ÌýÌýÌýÌý

�

�

ÌýÌýÌýÌý

�

�

ÌýÌýÌýÌý

�

�

ÌýÌýÌýÌý

�

�

ÌýÌýÌýÌý

�

�

ÌýÌýÌýÌý

�

�

ÌýÌýÌýÌý

�

�

ÌýÌýÌýÌý

�

�

Benefit obligation at beginning of year

�

$

956

�

$

2,157

�

$

1,028

�

$

2,259

�

$

59

�

$

�

�

$

69

�

$

�

Service cost

�

Ìý

20

�

Ìý

30

�

Ìý

23

�

Ìý

32

�

Ìý

1

�

Ìý

�

�

Ìý

2

�

Ìý

�

Interest cost

�

Ìý

41

�

Ìý

37

�

Ìý

39

�

Ìý

37

�

Ìý

3

�

Ìý

�

�

Ìý

2

�

Ìý

�

Participant contributions

�

Ìý

�

�

Ìý

6

�

Ìý

�

�

Ìý

5

�

Ìý

2

�

Ìý

�

�

Ìý

2

�

Ìý

�

Plan amendments

�

Ìý

�

�

Ìý

(9)

�

Ìý

�

�

Ìý

4

�

Ìý

�

�

Ìý

�

�

Ìý

�

�

Ìý

�

Foreign currency exchange rate changes

�

Ìý

�

�

Ìý

7

�

Ìý

�

�

Ìý

(74)

�

Ìý

�

�

Ìý

�

�

Ìý

�

�

Ìý

�

Settlements/transfers/divestitures

�

Ìý

20

�

Ìý

(2)

�

Ìý

(6)

�

Ìý

(3)

�

Ìý

1

�

Ìý

�

�

Ìý

�

�

Ìý

�

Actuarial (gain) loss

�

Ìý

65

�

Ìý

224

�

Ìý

(67)

�

Ìý

(30)

�

Ìý

�

�

Ìý

�

�

Ìý

(9)

�

Ìý

�

Benefits paid

�

Ìý

(78)

�

Ìý

(73)

�

Ìý

(61)

�

Ìý

(73)

�

Ìý

(6)

�

Ìý

�

�

Ìý

(7)

�

Ìý

�

Benefit obligation at end of year

�

$

1,024

�

$

2,377

�

$

956

�

$

2,157

�

$

60

�

$

�

�

$

59

�

$

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

Change in plan assets

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

Fair value of plan assets at beginning of year

�

$

697

�

$

1,751

�

$

747

�

$

1,883

�

$

�

�

$

�

�

$

�

�

$

�

Actual return on plan assets

�

Ìý

107

�

Ìý

224

�

Ìý

(27)

�

Ìý

(38)

�

Ìý

�

�

Ìý

�

�

Ìý

�

�

Ìý

�

Foreign currency exchange rate changes

�

Ìý

�

�

Ìý

11

�

Ìý

�

�

Ìý

(62)

�

Ìý

�

�

Ìý

�

�

Ìý

�

�

Ìý

�

Participant contributions

�

Ìý

�

�

Ìý

6

�

Ìý

�

�

Ìý

5

�

Ìý

2

�

Ìý

�

�

Ìý

2

�

Ìý

�

Settlement/transfers/divestitures

�

�

19

�

�

(2)

�

�

(6)

�

�

(3)

�

�

�

�

�

�

�

�

�

�

�

�

Company contributions

�

Ìý

45

�

Ìý

43

�

Ìý

44

�

Ìý

39

�

Ìý

4

�

Ìý

�

�

Ìý

5

�

Ìý

�

Benefits paid

�

Ìý

(78)

�

Ìý

(73)

�

Ìý

(61)

�

Ìý

(73)

�

Ìý

(6)

�

Ìý

�

�

Ìý

(7)

�

�

�

Fair value of plan assets at end of year

�

$

790

�

$

1,960

�

$

697

�

$

1,751

�

$

�

�

$

�

�

$

�

�

$

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

Funded status

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

Fair value of plan assets

�

$

790

�

$

1,960

�

$

697

�

$

1,751

�

$

�

�

$

�

�

$

�

�

$

�

Benefit obligation

�

Ìý

1,024

�

Ìý

2,377

�

Ìý

956

�

Ìý

2,157

�

Ìý

60

�

Ìý

�

�

Ìý

59

�

Ìý

�

Accrued benefit cost

�

$

(234)

�

$

(417)

�

$

(259)

�

$

(406)

�

$

(60)

�

$

�

�

$

(59)

�

$

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

Amounts recognized in balance sheet:

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�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

Noncurrent asset

�

$

�

�

$

10

�

$

�

�

$

10

�

$

�

�

$

�

�

$

�

�

$

�

Current liability

�

Ìý

(5)

�

Ìý

(6)

�

Ìý

(5)

�

Ìý

(6)

�

Ìý

(5)

�

Ìý

�

�

Ìý

(5)

�

Ìý

�

Noncurrent liability

�

Ìý

(229)

�

Ìý

(421)

�

Ìý

(254)

�

Ìý

(410)

�

Ìý

(55)

�

Ìý

�

�

Ìý

(54)

�

Ìý

�

Total

�

$

(234)

�

$

(417)

�

$

(259)

�

$

(406)

�

$

(60)

�

$

�

�

$

(59)

�

$

�

�
Schedule of amounts recognized in accumulated other comprehensive loss

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

DefinedÌýBenefitÌýPlans

�

OtherÌýPostretirementÌýBenefitÌýPlans

�

�

2019

�

2018

�

2019

�

2018

�

�

U.S.

�

Non-U.S.

�

U.S.

�

Non-U.S.

�

U.S.

�

Non-U.S.

�

U.S.

�

Non-U.S.

�

�

Plans

�

Plans

�

Plans

�

Plans

�

Plans

�

Plans

�

Plans

�

Plans

Amounts recognized in accumulated other comprehensive loss:

ÌýÌýÌýÌý

�

�

ÌýÌýÌýÌý

�

�

ÌýÌýÌýÌý

�

�

ÌýÌýÌýÌý

�

�

ÌýÌýÌýÌý

�

�

ÌýÌýÌýÌý

�

�

ÌýÌýÌýÌý

�

�

ÌýÌýÌýÌý

�

�

Net actuarial loss

�

$

394

�

$

840

�

$

401

�

$

784

�

$

20

�

$

�

�

$

21

�

$

�

Prior service credit

�

Ìý

(11)

�

Ìý

(32)

�

Ìý

(13)

�

Ìý

(27)

�

Ìý

(33)

�

Ìý

�

�

Ìý

(38)

�

Ìý

�

Total

�

$

383

�

$

808

�

$

388

�

$

757

�

$

(13)

�

$

�

�

$

(17)

�

$

�
Schedule of amounts in accumulated other comprehensive loss that are expected to be recognized as components of net periodic benefit cost during the next fiscal year

The amounts in accumulated other comprehensive loss that are expected to be recognized as components of net periodic benefit cost of continuing operations during the next fiscal year are as follows (dollars in millions):

ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

OtherÌýPostretirement

�

�

DefinedÌýBenefitÌýPlans

�

BenefitÌýPlans

�

�

�

�

�

Non-U.S.

�

�

�

�

Non-U.S.

�

�

U.S.ÌýPlans

�

Plans

�

U.S.ÌýPlans

�

Plans

Actuarial loss

ÌýÌýÌýÌý

$

28

ÌýÌýÌýÌý

$

53

ÌýÌýÌýÌý

$

1

ÌýÌýÌýÌý

$

�

Prior service credit

�

Ìý

(2)

�

Ìý

(5)

�

Ìý

(5)

�

Ìý

�

Total

�

$

26

�

$

48

�

$

(4)

�

$

�

�
Components of the net periodic benefit costs

Components of net periodic benefit costs of continuing operations for the years ended December 31, 2019, 2018 and 2017 were as follows (dollars in millions):

ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

DefinedÌýBenefitÌýPlans

�

�

U.S.Ìýplans

�

Non-U.S.Ìýplans

�

�

2019

�

2018

�

2017

�

2019

�

2018

�

2017

Service cost

ÌýÌýÌýÌý

$

20

ÌýÌýÌýÌý

$

23

ÌýÌýÌýÌý

$

22

ÌýÌýÌýÌý

$

30

ÌýÌýÌýÌý

$

32

ÌýÌýÌýÌý

$

33

Interest cost

�

Ìý

41

�

Ìý

39

�

Ìý

39

�

Ìý

37

�

Ìý

37

�

Ìý

35

Expected return on plan assets

�

Ìý

(53)

�

Ìý

(54)

�

Ìý

(48)

�

Ìý

(102)

�

Ìý

(109)

�

Ìý

(100)

Amortization of prior service credit

�

Ìý

(2)

�

Ìý

(2)

�

Ìý

(2)

�

Ìý

(4)

�

Ìý

(5)

�

Ìý

(5)

Amortization of actuarial loss

�

Ìý

23

�

Ìý

31

�

Ìý

27

�

Ìý

45

�

Ìý

38

�

Ìý

45

Settlement loss

�

�

�

�

�

2

�

�

�

�

�

1

�

�

�

�

�

�

Special termination benefits

�

Ìý

�

�

Ìý

�

�

Ìý

�

�

Ìý

�

�

Ìý

�

�

Ìý

1

Net periodic benefit cost (credit)

�

$

29

�

$

39

�

$

38

�

$

7

�

$

(7)

�

$

9

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

OtherÌýPostretirementÌýBenefitÌýPlans

�

�

U.S.Ìýplans

�

Non-U.S.Ìýplans

�

�

2019

�

2018

�

2017

�

2019

�

2018

�

2017

Service cost

ÌýÌýÌýÌý

$

1

ÌýÌýÌýÌý

$

2

ÌýÌýÌýÌý

$

2

ÌýÌýÌýÌý

$

�

ÌýÌýÌýÌý

$

�

ÌýÌýÌýÌý

$

�

Interest cost

�

Ìý

3

�

Ìý

2

�

Ìý

3

�

Ìý

�

�

Ìý

�

�

Ìý

�

Amortization of prior service credit

�

Ìý

(5)

�

Ìý

(5)

�

Ìý

(6)

�

Ìý

�

�

Ìý

�

�

Ìý

�

Amortization of actuarial loss

�

Ìý

1

�

Ìý

2

�

Ìý

3

�

Ìý

�

�

Ìý

�

�

Ìý

�

Net periodic benefit cost

�

$

�

�

$

1

�

$

2

�

$

�

�

$

�

�

$

�

�
Schedule of amounts recognized in net periodic benefit cost and other comprehensive (loss) income

The amounts recognized in net periodic benefit cost and other comprehensive income (loss) as of December 31, 2019, 2018 and 2017 were as follows (dollars in millions):

ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

DefinedÌýBenefitÌýPlans

�

�

U.S.Ìýplans

�

Non-U.S.Ìýplans

�

�

2019

�

2018

�

2017

�

2019

�

2018

�

2017

Current year actuarial loss (gain)

ÌýÌýÌýÌý

$

19

ÌýÌýÌýÌý

$

18

ÌýÌýÌýÌý

$

42

ÌýÌýÌýÌý

$

101

ÌýÌýÌýÌý

$

117

ÌýÌýÌýÌý

$

(42)

Amortization of actuarial loss

�

Ìý

(26)

�

Ìý

(34)

�

Ìý

(30)

�

Ìý

(45)

�

Ìý

(38)

�

Ìý

(61)

Current year prior service (credits) cost

�

Ìý

�

�

Ìý

�

�

Ìý

�

�

Ìý

(10)

�

Ìý

4

�

Ìý

(2)

Amortization of prior service credit

�

Ìý

2

�

Ìý

2

�

Ìý

2

�

Ìý

4

�

Ìý

5

�

Ìý

4

Settlements

�

�

�

�

�

(2)

�

�

�

�

�

1

�

�

�

�

�

�

Curtailment (gain)/loss

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

3

Total recognized in other comprehensive income (loss)

�

Ìý

(5)

�

Ìý

(16)

�

Ìý

14

�

Ìý

51

�

Ìý

88

�

Ìý

(98)

Amounts related to discontinued operations

�

�

9

�

�

(4)

�

�

�

�

�

�

�

�

�

�

�

37

Total recognized in other comprehensive income (loss) in continuing operations

�

�

4

�

�

(20)

�

�

14

�

�

51

�

�

88

�

�

(61)

Net periodic benefit cost

�

Ìý

29

�

Ìý

39

�

Ìý

38

�

Ìý

7

�

Ìý

(7)

�

Ìý

9

Total recognized in net periodic benefit cost and other comprehensive income (loss)

�

$

33

�

$

19

�

$

52

�

$

58

�

$

81

�

$

(52)

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

OtherÌýPostretirementÌýBenefitÌýPlans

�

�

U.S.Ìýplans

�

Non-U.S.Ìýplans

�

�

2019

�

2018

�

2017

�

2019

�

2018

�

2017

Current year actuarial loss (gain)

ÌýÌýÌýÌý

$

�

ÌýÌýÌýÌý

$

(10)

ÌýÌýÌýÌý

$

(12)

ÌýÌýÌýÌý

$

�

ÌýÌýÌýÌý

$

�

ÌýÌýÌýÌý

$

�

Amortization of actuarial loss

�

Ìý

(1)

�

Ìý

(2)

�

Ìý

(3)

�

Ìý

�

�

Ìý

�

�

Ìý

(1)

Current year prior service credit

�

Ìý

�

�

Ìý

�

�

Ìý

�

�

Ìý

�

�

Ìý

�

�

Ìý

�

Amortization of prior service credit

�

Ìý

5

�

Ìý

6

�

Ìý

6

�

Ìý

�

�

Ìý

�

�

Ìý

2

Total recognized in other comprehensive income (loss)

�

Ìý

4

�

Ìý

(6)

�

Ìý

(9)

�

Ìý

�

�

Ìý

�

�

Ìý

1

Amounts related to discontinued operations

�

�

(6)

�

�

�

�

�

�

�

�

�

�

�

�

�

�

(1)

Total recognized in other comprehensive income (loss) in continuing operations

�

�

(2)

�

�

(6)

�

�

(9)

�

�

�

�

�

�

�

�

�

Net periodic benefit cost

�

Ìý

�

�

Ìý

1

�

Ìý

2

�

Ìý

�

�

Ìý

�

�

Ìý

�

Total recognized in net periodic benefit cost and other comprehensive income (loss)

�

$

(2)

�

$

(5)

�

$

(7)

�

$

�

�

$

�

�

$

�

�
Schedule of weighted-average assumptions used to determine the projected benefit obligation and the net periodic pension cost

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

DefinedÌýBenefitÌýPlans

Ìý

�

�

U.S.Ìýplans

�

Non-U.S.Ìýplans

Ìý

�

�

2019

�

2018

�

2017

�

2019

�

2018

�

2017

Ìý

Projected benefit obligation

ÌýÌýÌýÌý

�

ÌýÌýÌýÌý

�

ÌýÌýÌýÌý

�

ÌýÌýÌýÌý

�

ÌýÌýÌýÌý

�

ÌýÌýÌýÌý

�

�

Discount rate

Ìý

3.59

%ÌýÌý

4.39

%ÌýÌý

3.74

%ÌýÌý

1.07

%ÌýÌý

1.75

%ÌýÌý

1.65

%ÌýÌý

Rate of compensation increase

Ìý

4.09

%ÌýÌý

4.10

%ÌýÌý

4.10

%ÌýÌý

2.65

%ÌýÌý

2.95

%ÌýÌý

3.38

%ÌýÌý

Net periodic pension cost

�

�

�

�

�

�

�

�

�

�

�

�

�

Discount rate

Ìý

4.39

%ÌýÌý

3.74

%ÌýÌý

4.24

%ÌýÌý

1.75

%ÌýÌý

1.65

%ÌýÌý

1.82

%ÌýÌý

Rate of compensation increase

Ìý

4.07

%ÌýÌý

4.10

%ÌýÌý

4.14

%ÌýÌý

2.64

%ÌýÌý

3.38

%ÌýÌý

3.51

%ÌýÌý

Expected return on plan assets

Ìý

7.52

%ÌýÌý

7.52

%ÌýÌý

7.53

%ÌýÌý

5.89

%ÌýÌý

5.88

%ÌýÌý

5.68

%ÌýÌý

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

OtherÌýPostretirementÌýBenefitÌýPlans

Ìý

�

�

U.S.Ìýplans

�

Non-U.S.Ìýplans

Ìý

�

�

2019

�

2018

�

2017

�

2019

�

2018

�

2017

Ìý

Projected benefit obligation

ÌýÌýÌýÌý

�

ÌýÌýÌýÌý

�

ÌýÌýÌýÌý

�

ÌýÌýÌýÌý

�

ÌýÌýÌýÌý

�

ÌýÌýÌýÌý

�

�

Discount rate

Ìý

3.46

%ÌýÌý

4.26

%ÌýÌý

3.58

%ÌýÌý

2.90

%ÌýÌý

3.50

%ÌýÌý

3.30

%

Net periodic pension cost

�

�

�

�

�

�

�

�

�

�

�

�

�

Discount rate

Ìý

4.26

%ÌýÌý

3.58

%ÌýÌý

4.04

%ÌýÌý

3.50

%ÌýÌý

3.30

%ÌýÌý

3.50

%
Schedule of effect of one-percent point change in assumed health care cost trend rates

�

�

�

�

�

�

�

�

ÌýÌýÌýÌý

Increase

ÌýÌýÌýÌý

Decrease

Asset category

�

�

�

�

�

�

Effect on total of service and interest cost

�

$

�

�

$

�

Effect on postretirement benefit obligation

�

Ìý

2

�

Ìý

(1)

�
Schedule of projected benefit obligation and fair value of plan assets for the defined benefit plans with projected benefit obligations in excess of fair value of plan assets

The projected benefit obligation and fair value of plan assets for the defined benefit plans with projected benefit obligations in excess of plan assets as of December 31, 2019 and 2018 were as follows (dollars in millions):

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

U.S.Ìýplans

�

Non-U.S.Ìýplans

�

�

2019

�

2018

�

2019

�

2018

Projected benefit obligation in excess of plan assets

ÌýÌýÌýÌý

�

�

ÌýÌýÌýÌý

�

�

ÌýÌýÌýÌý

�

�

ÌýÌýÌýÌý

�

�

Projected benefit obligation

�

$

1,024

�

$

956

�

$

2,203

�

$

1,790

Fair value of plan assets

�

Ìý

790

�

Ìý

697

�

Ìý

1,777

�

Ìý

1,375

�
Schedule of defined benefit plans with an accumulated benefit obligation in excess of fair value of plan assets

The projected benefit obligation, accumulated benefit obligation and fair value of plan assets for the defined benefit plans with an accumulated benefit obligation in excess of plan assets as of December 31, 2019 and 2018 were as follows (dollars in millions):

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

U.S.Ìýplans

�

Non-U.S.Ìýplans

�

�

2019

�

2018

�

2019

�

2018

Accumulated benefit obligation in excess of plan assets

ÌýÌýÌýÌý

�

�

ÌýÌýÌýÌý

�

�

ÌýÌýÌýÌý

�

�

ÌýÌýÌýÌý

�

�

Projected benefit obligation

�

$

1,024

�

$

956

�

$

1,066

�

$

986

Accumulated benefit obligation

�

Ìý

1,019

�

Ìý

935

�

Ìý

991

�

Ìý

919

Fair value of plan assets

�

Ìý

790

�

Ìý

697

�

Ìý

664

�

Ìý

608

�
Schedule of expected future contributions and benefit payments

Expected future contributions and benefit payments related to continuing operations are as follows (dollars in millions):

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

U.S.ÌýPlans

�

Non-U.S.ÌýPlans

�

�

�

�

�

Other

�

�

�

�

Other

�

�

Defined

�

Postretirement

�

Defined

�

Postretirement

�

�

Benefit

�

Benefit

�

Benefit

�

Benefit

�

ÌýÌýÌýÌý

Plans

ÌýÌýÌýÌý

Plans

ÌýÌýÌýÌý

Plans

ÌýÌýÌýÌý

Plans

2020 expected employer contributions

�

�

�

�

�

�

�

�

�

�

�

�

To plan trusts

�

$

45

�

$

5

�

$

38

�

$

�

Expected benefit payments

�

�

�

�

�

�

�

�

�

�

�

�

2020

�

Ìý

59

�

Ìý

5

�

Ìý

78

�

Ìý

�

2021

�

Ìý

62

�

Ìý

5

�

Ìý

77

�

Ìý

�

2022

�

Ìý

65

�

Ìý

5

�

Ìý

81

�

Ìý

�

2023

�

Ìý

69

�

Ìý

5

�

Ìý

85

�

Ìý

�

2024

�

Ìý

98

�

Ìý

5

�

Ìý

84

�

Ìý

�

2025 - 2029

�

Ìý

325

�

Ìý

24

�

Ìý

447

�

Ìý

�

�
Schedule of plan assets measured at fair value on a recurring basis The following plan assets are measured at fair value on a recurring basis (dollars in millions):

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

FairÌýValueÌýAmountsÌýUsing

�

�

�

�

�

QuotedÌýpricesÌýinÌýactive

�

SignificantÌýother

�

Significant

�

�

DecemberÌý31,Ìý

�

marketsÌýforÌýidentical

�

observableÌýinputs

�

unobservableÌýinputs

AssetÌýcategory

�

2019

�

assetsÌý(LevelÌý1)

�

(LevelÌý2)

�

(LevelÌý3)

U.S. pension plans:

ÌýÌýÌýÌý

�

�

ÌýÌýÌýÌý

�

�

ÌýÌýÌýÌý

�

�

ÌýÌýÌýÌý

�

�

Equities

�

$

422

�

$

283

�

$

139

�

$

�

Fixed income

�

Ìý

301

�

Ìý

220

�

Ìý

81

�

Ìý

�

Real estate/other

�

Ìý

67

�

Ìý

�

�

Ìý

�

�

Ìý

67

Cash

�

Ìý

�

�

Ìý

�

�

Ìý

�

�

Ìý

�

Total U.S. pension plan assets

�

$

790

�

$

503

�

$

220

�

$

67

Non-U.S. pension plans:

�

�

�

�

�

�

�

�

�

�

�

�

Equities

�

$

535

�

$

228

�

$

307

�

$

�

Fixed income

�

Ìý

847

�

Ìý

560

�

Ìý

287

�

Ìý

�

Real estate/other

�

Ìý

505

�

Ìý

99

�

Ìý

349

�

Ìý

57

Cash

�

Ìý

73

�

Ìý

72

�

Ìý

1

�

Ìý

�

Total Non-U.S. pension plan assets

�

$

1,960

�

$

959

�

$

944

�

$

57

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

FairÌýValueÌýAmountsÌýUsing

�

�

�

�

�

QuotedÌýpricesÌýinÌýactive

�

SignificantÌýother

�

Significant

�

�

DecemberÌý31,Ìý

�

MarketsÌýforÌýidentical

�

ObservableÌýinputs

�

UnobservableÌýinputs

AssetÌýcategory

�

2018

�

assets (Level 1)

�

(Level 2)

�

(LevelÌý3)

U.S. pension plans:

ÌýÌýÌýÌý

�

�

ÌýÌýÌýÌý

�

�

ÌýÌýÌýÌý

�

�

ÌýÌýÌýÌý

�

�

Equities

�

$

349

�

$

242

�

$

107

�

$

�

Fixed income

�

Ìý

283

�

Ìý

212

�

Ìý

71

�

Ìý

�

Real estate/other

�

Ìý

65

�

Ìý

�

�

Ìý

�

�

Ìý

65

Cash

�

Ìý

�

�

Ìý

�

�

Ìý

�

�

Ìý

�

Total U.S. pension plan assets

�

$

697

�

$

454

�

$

178

�

$

65

Non-U.S. pension plans:

�

�

�

�

�

�

�

�

�

�

�

�

Equities

�

$

471

�

$

161

�

$

310

�

$

�

Fixed income

�

Ìý

747

�

Ìý

496

�

Ìý

251

�

Ìý

�

Real estate/other

�

Ìý

497

�

Ìý

93

�

Ìý

348

�

Ìý

56

Cash

�

Ìý

36

�

Ìý

36

�

Ìý

�

�

Ìý

�

Total Non-U.S. pension plan assets

�

$

1,751

�

$

786

�

$

909

�

$

56
Schedule of asset allocation for pension plans and the target allocation, by asset category

�

�

�

�

�

�

�

�

�

�

ÌýÌýÌýÌý

Target

ÌýÌýÌýÌý

�

Ìý

�

�

Allocation

�

Allocation at DecemberÌý31,Ìý

Ìý

Asset category

�

2020

�

2019

�

2018

Ìý

U.S. pension plans:

�

�

�

�

�

�

�

Equities

Ìý

53

%ÌýÌý

54

%ÌýÌý

50

%ÌýÌý

Fixed income

Ìý

39

%ÌýÌý

38

%ÌýÌý

41

%ÌýÌý

Real estate/other

Ìý

5

%ÌýÌý

8

%ÌýÌý

9

%ÌýÌý

Cash

�

3

%ÌýÌý

�

%ÌýÌý

�

Ìý

Total U.S. pension plans

Ìý

100

%ÌýÌý

100

%ÌýÌý

100

%ÌýÌý

Non-U.S. pension plans:

�

�

�

�

�

�

�

Equities

Ìý

31

%ÌýÌý

27

%ÌýÌý

27

%ÌýÌý

Fixed income

Ìý

44

%ÌýÌý

43

%ÌýÌý

43

%ÌýÌý

Real estate/other

Ìý

15

%ÌýÌý

26

%ÌýÌý

28

%ÌýÌý

Cash

Ìý

10

%ÌýÌý

4

%ÌýÌý

2

%ÌýÌý

Total non-U.S. pension plans

Ìý

100

%ÌýÌý

100

%ÌýÌý

100

%ÌýÌý
Real Estate/Other Ìý
EMPLOYEE BENEFIT PLANS Ìý
Schedule of reconciliation of the beginning and ending balances of plan assets measured at fair value using unobservable inputs (level 3)

The following table reconciles the beginning and ending balances of plan assets measured at fair value using unobservable inputs (LevelÌý3) (dollars in millions):

�

�

�

�

�

�

�

�

�

RealÌýEstate/Other

�

�

Year ended DecemberÌý31,Ìý

�

�

2019

�

2018

Fair Value Measurements of Plan Assets Using Significant Unobservable Inputs (LevelÌý3)

ÌýÌýÌýÌý

�

�

ÌýÌýÌýÌý

�

�

Balance at beginning of period

�

$

121

�

$

117

Return on pension plan assets

�

Ìý

4

�

Ìý

4

Purchases, sales and settlements

�

Ìý

(1)

�

Ìý

�

Transfers into (out of) LevelÌý3

�

Ìý

�

�

Ìý

�

Balance at end of period

�

$

124

�

$

121
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES Ìý
EMPLOYEE BENEFIT PLANS Ìý
Schedule of amounts recognized in accumulated other comprehensive loss

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

DefinedÌýBenefitÌýPlans

�

OtherÌýPostretirementÌýBenefitÌýPlans

�

�

2019

�

2018

�

2019

�

2018

�

�

U.S.

�

Non-U.S.

�

U.S.

�

Non-U.S.

�

U.S.

�

Non-U.S.

�

U.S.

�

Non-U.S.

�

�

Plans

�

Plans

�

Plans

�

Plans

�

Plans

�

Plans

�

Plans

�

Plans

Amounts recognized in accumulated other comprehensive loss:

ÌýÌýÌýÌý

�

�

ÌýÌýÌýÌý

�

�

ÌýÌýÌýÌý

�

�

ÌýÌýÌýÌý

�

�

ÌýÌýÌýÌý

�

�

ÌýÌýÌýÌý

�

�

ÌýÌýÌýÌý

�

�

ÌýÌýÌýÌý

�

�

Net actuarial loss

�

$

395

�

$

846

�

$

402

�

$

793

�

$

20

�

$

�

�

$

21

�

$

�

Prior service credit

�

Ìý

(11)

�

Ìý

(31)

�

Ìý

(13)

�

Ìý

(27)

�

Ìý

(33)

�

Ìý

�

�

Ìý

(38)

�

Ìý

�

Total

�

$

384

�

$

815

�

$

389

�

$

766

�

$

(13)

�

$

�

�

$

(17)

�

$

�
Schedule of amounts in accumulated other comprehensive loss that are expected to be recognized as components of net periodic benefit cost during the next fiscal year

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

OtherÌýPostretirement

�

�

DefinedÌýBenefitÌýPlans

�

BenefitÌýPlans

�

�

�

�

�

Non-U.S.

�

�

�

�

Non-U.S.

�

�

U.S.ÌýPlans

�

Plans

�

U.S.ÌýPlans

�

Plans

Actuarial loss

ÌýÌýÌýÌý

$

28

ÌýÌýÌýÌý

$

56

ÌýÌýÌýÌý

$

1

ÌýÌýÌýÌý

$

�

Prior service credit

�

Ìý

(2)

�

Ìý

(5)

�

Ìý

(5)

�

Ìý

�

Total

�

$

26

�

$

51

�

$

(4)

�

$

�

�
Components of the net periodic benefit costs

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

DefinedÌýBenefitÌýPlans

�

�

U.S.Ìýplans

�

Non-U.S.Ìýplans

�

�

2019

�

2018

�

2017

�

2019

�

2018

�

2017

Service cost

ÌýÌýÌýÌý

$

20

ÌýÌýÌýÌý

$

23

ÌýÌýÌýÌý

$

22

ÌýÌýÌýÌý

$

30

ÌýÌýÌýÌý

$

32

ÌýÌýÌýÌý

$

33

Interest cost

�

Ìý

41

�

Ìý

39

�

Ìý

39

�

Ìý

37

�

Ìý

37

�

Ìý

35

Expected return on plan assets

�

Ìý

(53)

�

Ìý

(54)

�

Ìý

(48)

�

Ìý

(102)

�

Ìý

(109)

�

Ìý

(100)

Amortization of prior service credit

�

Ìý

(2)

�

Ìý

(2)

�

Ìý

(2)

�

Ìý

(4)

�

Ìý

(5)

�

Ìý

(5)

Amortization of actuarial loss

�

Ìý

23

�

Ìý

31

�

Ìý

27

�

Ìý

48

�

Ìý

41

�

Ìý

48

Settlement loss

�

�

�

�

�

2

�

�

�

�

�

1

�

�

�

�

�

�

Special termination benefits

�

Ìý

�

�

Ìý

�

�

Ìý

�

�

Ìý

�

�

Ìý

�

�

Ìý

1

Net periodic benefit cost (credit)

�

$

29

�

$

39

�

$

38

�

$

10

�

$

(4)

�

$

12

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

OtherÌýPostretirementÌýBenefitÌýPlans

�

�

U.S.Ìýplans

�

Non-U.S.Ìýplans

�

�

2019

�

2018

�

2017

�

2019

�

2018

�

2017

Service cost

ÌýÌýÌýÌý

$

1

ÌýÌýÌýÌý

$

2

ÌýÌýÌýÌý

$

2

ÌýÌýÌýÌý

$

�

ÌýÌýÌýÌý

$

�

ÌýÌýÌýÌý

$

�

Interest cost

�

Ìý

3

�

Ìý

2

�

Ìý

3

�

Ìý

�

�

Ìý

�

�

Ìý

�

Amortization of prior service credit

�

Ìý

(5)

�

Ìý

(5)

�

Ìý

(6)

�

Ìý

�

�

Ìý

�

�

Ìý

�

Amortization of actuarial loss

�

Ìý

1

�

Ìý

2

�

Ìý

3

�

Ìý

�

�

Ìý

�

�

Ìý

�

Net periodic benefit cost

�

$

�

�

$

1

�

$

2

�

$

�

�

$

�

�

$

�

�
Schedule of amounts recognized in net periodic benefit cost and other comprehensive (loss) income

�

�

�

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Non-U.S.Ìýplans

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2019

�

2018

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2017

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2019

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2018

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2017

Current year actuarial loss

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$

19

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$

18

ÌýÌýÌýÌý

$

42

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$

101

ÌýÌýÌýÌý

$

117

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Amortization of actuarial loss

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(26)

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(34)

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(30)

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(48)

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(41)

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(68)

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4

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2

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2

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2

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4

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5

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4

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14

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48

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85

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42

Total recognized in other comprehensive income (loss) in continuing operations

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48

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Net periodic benefit cost

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29

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39

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38

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10

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12

Total recognized in net periodic benefit cost and other comprehensive income (loss)

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33

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58

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2018

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Amounts related to discontinued operations

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