Pension and Other Postretirement Benefits

9 Months Ended

Sep. 30, 2023

Retirement Benefits [Abstract]

Pension and Other Postretirement Benefits

Pension and Other Postretirement Benefits

The components of net periodic pension and other postretirement benefits costs for the three and nine months ended September 30, 2023 and 2022 were as follows:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
Pension benefits – U.S. plans	2023		2022		2023		2022
Service cost	$	4	$	5	$	11	$	15
Interest cost	14		7		40		22
Expected return on plan assets	(15)		(19)		(45)		(56)
Recognized net loss	11		11		33		35
Curtailment loss	—		1		—		1
Net periodic cost	$	14	$	5	$	39	$	17

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
Pension benefits – Non-U.S. plans	2023		2022		2023		2022
Service cost	$	1	$	4	$	5	$	8
Interest cost	5		3		14		9
Expected return on plan assets	(5)		(5)		(16)		(16)
Recognized net loss	—		1		2		3
Special termination benefits	—		—		6		—
Net periodic cost	$	1	$	3	$	11	$	4

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
Other postretirement benefits	2023		2022		2023		2022
Interest cost	1		1		4		3
Recognized prior service credit	—		(5)		—		(15)
Recognized net loss	—		—		—		2
Net periodic cost / (benefit)	$	1	$	(4)	$	4	$	(10)

The components of net periodic cost / (benefit) other than the service cost component are included in other pension and postretirement in the Consolidated Statement of Operations.

    The following table provides information about amounts reclassified from accumulated other comprehensive income.

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
Details about accumulated other comprehensive income components	2023		2022		2023		2022		Affected line items in the statement of operations
Actuarial losses	$	11	$	13	$	35	$	40	Other pension and postretirement
Prior service credit	—		(5)		—		(15)		Other pension and postretirement
Settlement loss	—		1		—		1		Other pension and postretirement
	11		9		35		26		Income before taxes and equity in net earnings of affiliates
	(2)		(2)		(7)		(6)		Provision for income taxes
Total reclassified	$	9	$	7	$	28	$	20	Net income