Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2022

Retirement Benefits [Abstract]

Principal Components of Employee Benefit Costs

The principal components of employee benefit costs are summarized as follows:

	Year ended December 31,
	2022			2021		2020
	(in millions)
Expense:
Savings plan	$	37		$	74	$	32
Unfunded supplemental benefit plans		12			11		9
Other plans, net (1)		(14	)		24		19
	$	35		$	109	$	60

(1)For the year ended December 31, 2022, participant investments included in the deferred compensation plan realized losses in excess of expenses recorded by the Company.

Company's Benefit Obligations and Funded Status

The following table summarizes the benefit obligations and funded status associated with the Company’s unfunded supplemental benefit plans:

	December 31,
	2022			2021
	(in millions)
Change in projected benefit obligation:
Benefit obligation at beginning of year	$	262		$	283
Interest costs		6			5
Actuarial gains		(57	)		(11	)
Benefits paid		(15	)		(15	)
Projected benefit obligation at end of year		196			262
Change in plan assets:
Contributions		15			14
Benefits paid		(15	)		(14	)
Fair value of plan assets at end of year		—			—
Reconciliation of funded status:
Unfunded status of the plans	$	196		$	262
Amounts recognized in the consolidated balance sheet:
Accrued benefit liability	$	196		$	262
Amounts recognized in accumulated other         comprehensive income/loss:
Unrecognized net actuarial loss	$	48		$	111
	$	48		$	111
Accumulated benefit obligation at end of year	$	196		$	262

Net Periodic Benefit Costs

Net periodic benefit costs related to the Company’s unfunded supplemental benefit pension plans are summarized as follows:

	Year ended December 31,
	2022		2021			2020
	(in millions)
Expense:
Interest costs	$	6	$	5		$	7
Amortization of net actuarial loss		6		7			5
Amortization of prior service credit		—		(1	)		(3	)
	$	12	$	11		$	9

The Weighted-Average Discount Rate Assumptions Used to Determine Net Periodic Benefit Costs and Projected Benefit Obligations

The weighted-average discount rate assumptions used to determine net periodic benefit costs for the Executive and Management Supplemental Benefit Plans for the years ended December 31, 2022, 2021 and 2020, are as follows:

	Year ended December 31,
	2022			2021			2020
Discount rates:
Projected benefit obligation		2.89	%		2.49	%		3.27	%
Service cost		3.29	%		3.14	%		3.71	%
Interest cost		2.37	%		1.83	%		2.86	%

The weighted-average discount rate assumptions used to determine the projected benefit obligations for the Executive and Management Supplemental Benefit Plans at December 31, 2022 and 2021, are as follows:

	December 31,
	2022			2021
Discount rate		5.56	%		2.89	%

Benefit Payments

Benefit payments, which reflect expected future service, as appropriate, are expected to be made as follows:

Year	(in millions)
2023	$	16
2024	$	17
2025	$	17
2026	$	17
2027	$	16
Five years thereafter	$	77