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Retirement Plans (Tables)
3 Months Ended
Mar. 31, 2022
Retirement Plans [Abstract]  
Net Periodic Benefit Cost

Successor

Predecessor

Pension Benefits

For the three months ended March 31,

For the three months ended March 31,

($ in millions)

2022

2021

Components of total pension benefit cost

Service cost

$

21 

$

24 

Interest cost on projected benefit obligation

24 

23 

Expected return on plan assets

(49)

(45)

Amortization of unrecognized loss

-

18 

Total pension benefit cost

$

(4)

$

20 

Successor

Predecessor

Postretirement Benefits

For the three months ended March 31,

For the three months ended March 31,

($ in millions)

2022

2021

Components of net periodic postretirement benefit cost

Service cost

$

4 

$

5 

Interest cost on projected benefit obligation

6 

7 

Amortization of prior service cost (credit)

(3)

(7)

Amortization of unrecognized loss

-

3 

Net periodic postretirement benefit cost

$

7 

$

8