Employee Benefits (Tables)

6 Months Ended

Jun. 30, 2024

Retirement Benefits [Abstract]

Components of Net Periodic Benefit Cost

The components of net periodic benefit cost for the Company’s pension plans were:

	Three Months Ended June 30				Six Months Ended June 30
(Dollars in Millions)	2024		2023		2024		2023
Service cost	$	54	$	56	$	109	$	112
Interest cost	94		93		188		185
Expected return on plan assets	(146)		(137)		(292)		(273)
Prior service cost (credit) amortization	(1)		—		(2)		(1)
Actuarial loss (gain) amortization	3		1		5		2
Net periodic benefit cost(a)	$	4	$	13	$	8	$	25

(a)Service cost is included in compensation and employee benefits expense on the Consolidated Statement of Income. All other components are included in other noninterest expense on the Consolidated Statement of Income.