Retirement Plans

9 Months Ended

Sep. 30, 2021

Retirement Benefits [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 September 30,						Nine Months Ended September 30,
	2021			2020			2021			2020
Service cost	$	2		$	1		$	6		$	6
Interest cost		3			3			7			9
Expected return on plan assets		(4	)		(4	)		(13	)		(12	)
Amortization of actuarial loss		0			1			1			2
Settlement loss		3			4			3			4
Net Periodic Benefit Cost	$	3		$	5		$	4		$	9
Non-U.S. Plans	Three Months Ended September 30,						Nine Months Ended September 30,
	2021			2020			2021			2020
Service cost	$	3		$	3		$	9		$	9
Interest cost		1			1			4			4
Expected return on plan assets		(1	)		(0	)		(1	)		(1	)
Amortization of actuarial loss		0			1			1			2
Net Periodic Benefit Cost	$	4		$	5		$	13		$	14

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.