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Pension, Savings and Other Postretirement Benefit Plans (Tables)
6 Months Ended
Jun. 30, 2024
Retirement Benefits [Abstract]  
Defined Benefit Pension Cost

Defined benefit pension cost follows:

 

 

 

U.S.

 

 

U.S.

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

(In millions)

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Service cost

 

$

2

 

 

$

2

 

 

$

4

 

 

$

4

 

Interest cost

 

 

43

 

 

 

52

 

 

 

87

 

 

 

101

 

Expected return on plan assets

 

 

(52

)

 

 

(60

)

 

 

(104

)

 

 

(118

)

Amortization of net losses

 

 

24

 

 

 

24

 

 

 

48

 

 

 

49

 

Net periodic pension cost

 

$

17

 

 

$

18

 

 

$

35

 

 

$

36

 

Net curtailments/settlements/termination benefits

 

 

 

 

 

33

 

 

 

(5

)

 

 

33

 

Total defined benefit pension cost

 

$

17

 

 

$

51

 

 

$

30

 

 

$

69

 

 

 

 

Non-U.S.

 

 

Non-U.S.

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

(In millions)

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Service cost

 

$

4

 

 

$

4

 

 

$

9

 

 

$

9

 

Interest cost

 

 

26

 

 

 

27

 

 

 

53

 

 

 

54

 

Expected return on plan assets

 

 

(22

)

 

 

(23

)

 

 

(45

)

 

 

(46

)

Amortization of prior service cost

 

 

1

 

 

 

1

 

 

 

1

 

 

 

1

 

Amortization of net losses

 

 

5

 

 

 

4

 

 

 

10

 

 

 

9

 

Net periodic pension cost

 

$

14

 

 

$

13

 

 

$

28

 

 

$

27

 

Net curtailments/settlements/termination benefits

 

 

 

 

 

3

 

 

 

 

 

 

3

 

Total defined benefit pension cost

 

$

14

 

 

$

16

 

 

$

28

 

 

$

30