XML 48 R37.htm IDEA: XBRL DOCUMENT v3.23.3
Pension and Other Postretirement Benefits (Tables)
9 Months Ended
Sep. 30, 2023
Retirement Benefits [Abstract]  
Components of Net Periodic Benefit Cost

The components of net periodic benefit cost were as follows:

 

 

 

 

Third quarter ended
September 30,

 

 

Nine months ended
September 30,

 

Pension benefits

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Service cost

 

$

2

 

 

$

3

 

 

$

7

 

 

$

10

 

Interest cost(1)

 

 

27

 

 

 

24

 

 

 

87

 

 

 

78

 

Expected return on plan assets(1)

 

 

(35

)

 

 

(35

)

 

 

(111

)

 

 

(123

)

Recognized net actuarial loss(1)

 

 

7

 

 

 

19

 

 

 

21

 

 

 

74

 

Settlements(2)

 

 

 

 

 

626

 

 

 

21

 

 

 

626

 

Net periodic benefit cost

 

$

1

 

 

$

637

 

 

$

25

 

 

$

665

 

 

 

 

Third quarter ended
September 30,

 

 

Nine months ended
September 30,

 

Other postretirement benefits

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Service cost

 

$

 

 

$

1

 

 

$

2

 

 

$

3

 

Interest cost(1)

 

 

7

 

 

 

4

 

 

 

20

 

 

 

12

 

Recognized net actuarial loss(1)

 

 

1

 

 

 

5

 

 

 

3

 

 

 

14

 

Amortization of prior service benefit(1)

 

 

(3

)

 

 

(4

)

 

 

(10

)

 

 

(11

)

Net periodic benefit cost

 

$

5

 

 

$

6

 

 

$

15

 

 

$

18

 

(1)
These amounts were reported in Other expenses (income), net on the accompanying Statement of Consolidated Operations (see Note R).
These amounts were reported in Restructuring and other charges, net on the accompanying Statements of Consolidated Operations (see Note D) and Cash Flows.
Summary of Information in Curtailment or Settlement of Benefits Requiring Remeasurement, Update to Discount Rates Used to Determine Benefit Obligations of Affected Plans

Action #

 

Number of
affected
plan
participants

 

Weighted
average
discount rate
as of prior plan remeasurement
date

 

Plan
remeasurement
date

 

Weighted
average
discount rate
as of plan
remeasurement
date

 

Increase to
accrued
pension
benefits
liability

 

 

Decrease to
other noncurrent assets

 

 

Decrease to accrued other
postretirement
benefits
liability

 

 

Settlement
loss
(1)

 

1

 

~370

 

5.58%

 

March 31, 2023

 

5.20%

 

$

15

 

 

$

 

 

$

(9

)

 

$

 

2

 

~530

 

5.20%

 

April 30, 2023

 

4.80%

 

$

22

 

 

$

(5

)

 

$

 

 

$

21

 

3

 

~50

 

5.08%

 

September 30, 2023

 

5.03%

 

$

 

 

$

(2

)

 

$

 

 

$

 

(1)
These amounts represent the net actuarial loss and were reclassified from Accumulated other comprehensive loss to Restructuring and other charges, net (see Note D) on the accompanying Statement of Consolidated Operations.