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Retirement Plans (Tables)
 6 Months Ended
Jun. 30, 2022
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,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Service cost

 

$

0

 

 

$

2

 

 

$

0

 

 

$

4

 

Interest cost

 

 

4

 

 

 

2

 

 

 

6

 

 

 

5

 

Expected return on plan assets

 

 

0

 

 

 

(5

)

 

 

(4

)

 

 

(9

)

Amortization of prior service cost

 

 

—

 

 

 

1

 

 

 

—

 

 

 

0

 

Amortization of actuarial loss

 

 

0

 

 

 

1

 

 

 

0

 

 

 

1

 

Settlement loss

 

 

0

 

 

 

—

 

 

 

1

 

 

 

—

 

Net Periodic Benefit Cost

 

$

4

 

 

$

1

 

 

$

3

 

 

$

1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-U.S. Plans

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Service cost

 

$

2

 

 

$

3

 

 

$

5

 

 

$

6

 

Interest cost

 

 

2

 

 

 

2

 

 

 

3

 

 

 

3

 

Expected return on plan assets

 

 

(1

)

 

 

(1

)

 

 

(1

)

 

 

(1

)

Amortization of actuarial loss

 

 

0

 

 

 

1

 

 

 

0

 

 

 

1

 

Curtailment gain

 

 

(2

)

 

 

—

 

 

 

(2

)

 

 

—

 

Settlement gain

 

 

(2

)

 

 

—

 

 

 

(3

)

 

 

—

 

Net Periodic Benefit (Gain) Cost

 

$

(1

)

 

$

5

 

 

$

2

 

 

$

9