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Retirement Plans (Tables)
9 Months Ended
Sep. 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 September 30,

 

 

Nine Months Ended September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Service cost

 

$

 

 

$

2

 

 

$

 

 

$

6

 

Interest cost

 

 

3

 

 

 

3

 

 

 

9

 

 

 

7

 

Expected return on plan assets

 

 

(7

)

 

 

(4

)

 

 

(11

)

 

 

(13

)

Amortization of actuarial loss

 

 

0

 

 

 

0

 

 

 

0

 

 

 

1

 

Settlement loss

 

 

2

 

 

 

3

 

 

 

3

 

 

 

3

 

Net Periodic (Benefit) Cost

 

$

(2

)

 

$

3

 

 

$

1

 

 

$

4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-U.S. Plans

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Service cost

 

$

2

 

 

$

3

 

 

$

7

 

 

$

9

 

Interest cost

 

 

1

 

 

 

1

 

 

 

4

 

 

 

4

 

Expected return on plan assets

 

 

(0

)

 

 

(1

)

 

 

(1

)

 

 

(1

)

Amortization of actuarial loss

 

 

1

 

 

 

0

 

 

 

1

 

 

 

1

 

Settlement gain

 

 

 

 

 

 

 

 

(3

)

 

 

 

Curtailment gain

 

 

 

 

 

 

 

 

(2

)

 

 

 

Net Periodic Cost

 

$

4

 

 

$

4

 

 

$

6

 

 

$

13