v3.20.2
Employee Benefit Plans
6 Months Ended
Jun. 30, 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,
 
June 30,
September 30,
 
December 31
Service cost
$
21
13
19
18
-
-
Interest cost
17
20
21
26
1
3
Expected return on plan assets
(21)
(34)
(18)
(35)
-
-
Amortization of prior service credit
-
-
-
(1)
(8)
(9)
Recognized net actuarial loss
13
5
13
8
-
-
Settlements
-
-
11
-
-
-
Net periodic benefit cost
$
30
4
46
16
(7)
(6)
Six Months Ended March 31,
 
June 30, September
30,
 
December 31
Service cost
$
42
27
39
37
1
-
Interest cost
34
42
42
52
3
5
Expected return on plan assets
(42)
(71)
(36)
(70)
-
-
Amortization of prior service credit
-
-
-
(1)
(16)
(17)
Recognized net actuarial loss (gain)
25
11
26
16
-
(1)
Settlements
1
(1)
17
-
-
-
Net periodic benefit cost
$
60
8
88
34
(12)
(13)
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 six months of 2020, we contributed
 
$
49
 
million to our domestic benefit plans and $
44
 
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 $
60
 
million to our
international qualified and nonqualified pension
 
and postretirement benefit plans.