Pension and Postretirement Expense

9 Months Ended

Sep. 30, 2020

Pension and Other Postretirement Benefit Plans

Pension and Postretirement Benefit Plans

The Company’s service cost component of net benefit cost is included in “Operating income” and all other components of net benefit cost are included in “Other non-operating income, net” within the Company’s unaudited Condensed Consolidated Statements of Operations. The Company recognized less than $1 of net non-pension postretirement benefit cost for both the Successor three and nine months ended September 30, 2020, the Successor period ended July 2, 2019 through September 30, 2019 and for the Predecessor July 1, 2019, January 1, 2019 through July 1, 2019.

Following are the components of net pension benefit cost recognized by the Company for the Successor three and nine months ended September 30, 2020, July 2, 2019 through September 30, 2019 and for the Predecessor July 1, 2019, January 1, 2019 through July 1, 2019:

	Pension Benefits
	Successor								Predecessor
	Three Months Ended September 30, 2020				July 2, 2019 through September 30, 2019				July 1, 2019
	U.S. Plans		Non-U.S. Plans		U.S. Plans		Non-U.S. Plans		U.S. Plans		Non-U.S. Plans
Service cost	$	1	$	4	$	1	$	3	$	—	$	—
Interest cost on projected benefit obligation	1		2		1		1		—		—
Expected return on assets	(3)		(4)		(3)		(2)		—		—
Net (benefit) expense(1)	$	(1)	$	2	$	(1)	$	2	$	—	$	—
	Pension Benefits
	Successor								Predecessor
	Nine Months Ended September 30, 2020				July 2, 2019 through September 30, 2019				January 1, 2019 through July 1, 2019
	U.S. Plans		Non-U.S. Plans		U.S. Plans		Non-U.S. Plans		U.S. Plans		Non-U.S. Plans
Service cost	$	2	$	13	$	1	$	3	$	2	$	7
Interest cost on projected benefit obligation	4		5		1		1		4		4
Expected return on assets	(9)		(10)		(3)		(2)		(6)		(6)
Net (benefit) expense(1)	$	(3)	$	8	$	(1)	$	2	$	—	$	5