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Pension and Other Postretirement Benefits
 6 Months Ended
Jun. 30, 2024
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 six months ended June 30, 2024 and 2023 were as follows:
Three Months EndedSix Months Ended
 June 30,June 30,
Pension benefits – U.S. plans2024202320242023
Service cost$3 $4 $7 $7 
Interest cost13 14 26 26 
Expected return on plan assets(15)(15)(30)(30)
Recognized net loss12 11 22 22 
Net periodic cost$13 $14 $25 $25 
Three Months EndedSix Months Ended
 June 30,June 30,
Pension benefits – Non-U.S. plans2024202320242023
Service cost$3 $1 $4 $4 
Interest cost4 4 9 9 
Expected return on plan assets(5)(6)(11)(11)
Recognized net loss1 1 3 2 
Special termination benefits2 6 26 
Net periodic cost$5 $6 $7 $10 

Three Months EndedSix Months Ended
 June 30,June 30,
Other postretirement benefits2024202320242023
Interest cost$1 $1 $3 $3 
Net periodic cost$1 $1 $3 $3 

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

In July 2024, the Plan Administrator of the Company's Canadian defined benefit pension plan (the "Plan") entered into a transaction to insure a portion of its Canadian pension liabilities through the purchase of a bulk annuity insurance contract for the benefit of the Plan participants. Subsequent to the purchase of the bulk annuity contract, each of the Plan participants will be issued an individual annuity contract. The issuer of the individual annuity insurance contracts will be solely responsible for paying each participant's benefits in full. An irrevocable transfer of approximately $125 of the Plan's obligations occurred in July 2024. The Plan remains in an overfunded position after the transaction and the Company expects to record a settlement charge of approximately $60 in the third quarter of 2024.

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

Three Months EndedSix Months Ended
June 30,June 30,
Details about accumulated other comprehensive income components2024202320242023Affected line items in the statement of operations
Actuarial losses$13 $12 $25 $24 Other pension and postretirement
13 12 25 24 Income before taxes and equity in net earnings of affiliates
(3)(3)(5)(5)Provision for income taxes
Total reclassified$10 $9 $20 $19 Net income