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Pension Plans and Other Postretirement Benefit Plans (Tables)
3 Months Ended
Mar. 31, 2025
Retirement Benefits, Description [Abstract]  
Components of Net Periodic Benefit Cost

The Company uses a December 31 measurement date for its defined benefit pension and other postretirement benefit plans. The following table sets forth the components of net periodic benefit costs for the three months ended March 31 (dollars in millions):

 

 

Pension Benefits

 

 

Other Postretirement Benefits

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Service cost

 

$

4

 

 

$

4

 

 

$

 

 

$

 

Interest cost

 

 

9

 

 

 

8

 

 

 

2

 

 

 

2

 

Expected return on plan assets

 

 

(11

)

 

 

(11

)

 

 

(1

)

 

 

(1

)

Net loss recognition

 

 

1

 

 

 

1

 

 

 

 

 

 

 

Net periodic benefit cost

 

$

3

 

 

$

2

 

 

$

1

 

 

$

1