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PENSION AND OTHER POST-EMPLOYMENT BENEFIT PLANS (Tables)
3 Months Ended
Mar. 31, 2022
Pension And Other Postretirement Benefit Expense [Abstract]  
Components of Net Periodic Benefit Cost

The components of net periodic benefit cost are:

 

 

 

PENSION

 

 

 

QUARTER ENDED

 

DOLLAR AMOUNTS IN MILLIONS

 

MARCH 2022

 

 

MARCH 2021

 

Service cost

 

$

10

 

 

$

11

 

Interest cost

 

 

27

 

 

 

24

 

Expected return on plan assets

 

 

(39

)

 

 

(49

)

Amortization of actuarial loss

 

 

24

 

 

 

30

 

Amortization of prior service cost

 

 

1

 

 

 

1

 

Total net periodic benefit cost – pension

 

$

23

 

 

$

17

 

 

 

 

OTHER POST-EMPLOYMENT BENEFITS

 

 

 

QUARTER ENDED

 

DOLLAR AMOUNTS IN MILLIONS

 

MARCH 2022

 

 

MARCH 2021

 

Interest cost

 

$

1

 

 

$

1

 

Amortization of actuarial loss

 

 

1

 

 

 

2

 

Amortization of prior service credit

 

 

 

 

 

(1

)

Total net periodic benefit cost – other post-employment benefits

 

$

2

 

 

$

2