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Retirement Plans (Tables)
6 Months Ended
Jun. 30, 2021
Pension Plans, Defined Benefit  
Schedule of Components of Net Periodic Benefit Cost

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