Retirement Plans

6 Months Ended

Jun. 30, 2021

Compensation And Retirement Disclosure [Abstract]

Retirement Plans

8. RETIREMENT PLANS

The components of total Net Periodic Benefit Cost associated with the Company’s defined benefit retirement plans are as follows (dollars in millions):

U.S. Plans	Three months ended June 30						Six months ended June 30
	2021			2020			2021			2020
Service cost	$	2		$	2		$	4		$	4
Interest cost		2			3			5			7
Expected return on plan assets		(5	)		(4	)		(9	)		(8	)
Amortization of prior service (credit) cost		1			(1	)		0			(1	)
Amortization of actuarial loss		1			1			1			1
Net Periodic Benefit Cost	$	1		$	1		$	1		$	3
Non-U.S. Plans	Three months ended June 30						Six months ended June 30
	2021			2020			2021			2020
Service cost	$	3		$	3		$	6		$	6
Interest cost		2			1			3			3
Expected return on plan assets		(1	)		(0	)		(1	)		(1	)
Amortization of prior service (credit) cost		(0	)		0			0			0
Amortization of actuarial loss		1			0			1			1
Net Periodic Benefit Cost	$	5		$	4		$	9		$	9

The Service cost and Amortization of prior service cost components in the tables above are reported in Operating Income in the Consolidated Statements of Income. The remaining components - Interest cost, Expected return on plan assets, Amortization of actuarial loss and Settlement loss - are reported as Other non-operating items, net in the Consolidated Statements of Income.