Employee Benefit Plans (Tables) |
3 Months Ended |
|---|---|
Mar. 31, 2021 | |
| Employee Benefit Plans [Abstract] | |
| Pension and Postretirement Plans | Note 14—Employee Benefit Plans Pension and Postretirement Plans The components of net periodic benefit cost of the following table: Millions of Dollars Other Benefits 2021 2020 2021 2020 U.S. Int’l. U.S. Int’l. Components of Net Periodic Benefit Cost Three Months Ended March 31 Service cost $ 21 15 21 14 - 1 Interest cost 13 20 17 22 1 2 Expected return on plan assets (24) (30) (21) (37) - - Amortization of prior service credit - - - - (9) (8) Recognized net actuarial loss 15 8 12 6 - - Settlements 2 - 1 (1) - - Curtailments 12 - - - - - Special termination benefits 9 - - - - - Net periodic benefit cost $ 48 13 30 4 (8) (5) |
| Discount rates | The relevant discount rates are summarized in March 31 December 31 Discount rate 2021 2020 U.S. qualified pension plan % 3.00 2.40 U.S. nonqualified pension plan 2.40 1.85 U.S. postretirement benefit plans 2.80 2.20 |
| Severance accrual | Millions of Dollars Balance at December 31, 2020 $ 24 Accruals 101 Benefit payments (33) Balance at March 31, 2021 $ 92 |