Investment And Other Income

3 Months Ended

Mar. 31, 2022

Investment And Other Income [Abstract]

Investment And Other Income

(10) Investment and Other Income:

The following is a summary of the components of Investment and Other Income:

	Successor		Predecessor
	For the three months ended March 31,		For the three months ended March 31,
($ in millions)	2022		2021
Interest and dividend income	$	2	$	-
Pension benefit		25		4
OPEB costs		(3)		(3)
OPEB remeasurement		54		-
All other, net		(1)		1
Total investment and other income, net	$	77	$	2

In the first quarter of 2022, Frontier amended the medical coverage for certain postretirement benefit plans, which resulted in a $54 million remeasurement gain. Refer to Note 15 for further details.

Pension and OPEB benefit (costs) consists of interest income (loss), expected return on plan assets, amortization of prior service costs (credit) and recognition of actuarial gain (loss).