v3.20.1
Employee Benefit Plans
 3 Months Ended
Mar. 31, 2020
Employee Benefit Plans [Abstract]  
Employee Benefit Plans
Note 17—Employee Benefit Plans
Pension and Postretirement Plans
Millions of Dollars
 
Pension Benefits
Other Benefits
2020
2019
2020
2019
U.S.
Int’l.
U.S.
Int’l.
Components of Net Periodic Benefit Cost
Three Months Ended March 31
Service cost
$
21
14
20
19
1
-
Interest cost
17
22
21
26
2
2
Expected return on plan assets
(21)
(37)
(18)
(35)
-
-
Amortization of prior service credit
-
-
-
-
(8)
(8)
Recognized net actuarial loss (gain)
12
6
13
8
-
(1)
Settlements
1
(1)
6
-
-
-
Net periodic benefit cost
$
30
4
42
18
(5)
(7)
The components of net periodic benefit cost, other
 
than the service cost component, are included
 
in the “Other
expenses” line item on our consolidated income statement.
 
During the first three months of 2020, we contributed
 
$
12
 
million to our domestic benefit plans and
$
37
 
million to our international benefit plans.
 
In 2020, we expect to contribute a total of
 
approximately $
130
million to our domestic qualified and nonqualified
 
pension and postretirement benefit plans and $
70
 
million to
our international qualified and nonqualified
 
pension and postretirement benefit plans.
 
Severance Accrual
The following table summarizes our severance accrual
 
activity for the three-month period ended March
 
31,
2020:
Millions of Dollars
Of the remaining balance at March 31, 2020, $
6
 
million is classified as short-term.