XML 22 R13.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Pension and Other Postretirement Benefits
 3 Months Ended
Mar. 31, 2024
Retirement Benefits [Abstract]  
Pension and Other Postretirement Benefits Pension and Other Postretirement Benefits
The components of net periodic cost (benefit) were as follows:
First quarter ended
 March 31,
20242023
Pension benefits
Service cost$1 $1 
Interest cost19 20 
Expected return on plan assets(18)(19)
Recognized net actuarial loss8 7 
Net periodic cost(1)
$10 $9 
Other postretirement benefits  
Service cost$— $— 
Interest cost1 2 
Recognized net actuarial gain(1)(1)
Amortization of prior service benefit(2)(2)
Net periodic benefit(1)
$(2)$(1)
 
(1)Service cost was included within Cost of goods sold and Selling, general administrative, and other expenses; all other cost components were recorded in Other expense, net in the Statement of Consolidated Operations.
For the first quarter of 2024 and 2023, Howmet’s combined pension contributions and other postretirement benefit payments were approximately $5 and $12, respectively.