Investment And Other Income

6 Months Ended

Jun. 30, 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		Successor		Predecessor
	For the three months ended June 30,		For the two months ended June 30,		For the one month ended April 30,
($ in millions)	2022		2021		2021
Interest and dividend income	$	6	$	-	$	-
Pension benefit		25		13		2
OPEB costs		(5)		(17)		(1)
OPEB remeasurement gain		96		-		-
All other, net		-		2		(2)
Total investment and other income (loss), net	$	122	$	(2)	$	(1)

	Successor		Successor		Predecessor
	For the six months ended June 30,		For the two months ended June 30,		For the four months ended April 30,
($ in millions)	2022		2021		2021
Interest and dividend income	$	8	$	-	$	-
Pension benefit		50		13		6
OPEB costs		(8)		(17)		(4)
OPEB remeasurement gain		150		-		-
All other, net		(1)		2		(1)
Total investment and other income (loss), net	$	199	$	(2)	$	1

In the first half of 2022, Frontier amended the medical coverage for certain postretirement benefit plans, primarily due to discount rate changes, which resulted in remeasurement gains of $150 million. Refer to Note 15 for further details.

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