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Retirement Plans (Tables)
6 Months Ended
Jun. 30, 2023
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,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Interest cost

 

$

3

 

 

$

4

 

 

 

6

 

 

 

6

 

Expected return on plan assets

 

 

(3

)

 

 

0

 

 

 

(5

)

 

 

(4

)

Settlement loss

 

 

0

 

 

 

0

 

 

 

0

 

 

 

1

 

Net periodic benefit cost

 

$

0

 

 

$

4

 

 

$

1

 

 

$

3

 

Non-U.S. Plans

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Service cost

 

$

3

 

 

$

2

 

 

$

5

 

 

$

5

 

Interest cost

 

 

3

 

 

 

2

 

 

 

5

 

 

 

3

 

Expected return on plan assets

 

 

0

 

 

 

(1

)

 

 

(1

)

 

 

(1

)

Settlement/curtailment gain

 

 

0

 

 

 

(4

)

 

 

0

 

 

 

(5

)

Net periodic benefit cost (gain)

 

$

6

 

 

$

(1

)

 

$

9

 

 

$

2