Pension, Savings and Other Postretirement Benefit Plans

3 Months Ended

Mar. 31, 2021

Compensation And Retirement Disclosure [Abstract]

Pension, Other Postretirement Benefits and Savings Plans

NOTE 10. PENSION, SAVINGS AND OTHER POSTRETIREMENT BENEFIT PLANS

We provide employees with defined benefit pension or defined contribution savings plans.

Defined benefit pension cost follows:

	U.S.
	Three Months Ended
	March 31,
(In millions)	2021			2020
Service cost	$	1		$	1
Interest cost		20			33
Expected return on plan assets		(42	)		(49	)
Amortization of net losses		28			27
Net periodic pension cost	$	7		$	12
Net curtailments/settlements/termination benefits		—			1
Total defined benefit pension cost	$	7		$	13

	Non-U.S.
	Three Months Ended
	March 31,
(In millions)	2021			2020
Service cost	$	7		$	7
Interest cost		11			14
Expected return on plan assets		(10	)		(14	)
Amortization of prior service cost		—			1
Amortization of net losses		8			10
Net periodic pension cost	$	16		$	18
Net curtailments/settlements/termination benefits		—			1
Total defined benefit pension cost	$	16		$	19

Service cost is recorded in CGS or SAG. Other components of net periodic pension cost are recorded in Other (Income) Expense. Net curtailments, settlements and termination benefits are recorded in Other (Income) Expense or Rationalizations if related to a rationalization plan.

During the first quarter of 2020, we recognized pension settlement charges of $2 million in Other (Income) Expense.

We also provide certain U.S. employees and employees at certain non-U.S. subsidiaries with health care benefits or life insurance benefits upon retirement. Other postretirement benefits expense (credit) for the three months ended March 31, 2021 and 2020

was $2 million and ($3) million, respectively. The first quarter of 2020 included a curtailment credit of $4 million in Rationalizations, related to the exit of employees under an approved rationalization plan.

We expect to contribute $25 million to $50 million to our funded non-U.S. pension plans in 2021. For the three months ended March 31, 2021, we contributed $2 million to our non-U.S. plans.

The expense recognized for our contributions to defined contribution savings plans for the three months ended March 31, 2021 and 2020 was $28 million and $30 million, respectively.