Retirement Plans

9 Months Ended

Sep. 30, 2021

Retirement Benefits [Abstract]

Retirement Plans

9. Retirement Plans

Components of net periodic pension cost consisted of the following:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
	(In millions)
Service cost	$	13	$	14	$	40	$	42
Interest cost (a)	14		19		42		56
Expected return on plan assets (a)	(49)		(45)		(148)		(135)
Amortization of unrecognized net actuarial losses (a)	15		11		43		35
Settlement loss (a)	1		—		5		—
Pension (income) expense (a)	$	(6)	$	(1)	$	(18)	$	(2)

(a)  Net non-service pension cost included in Other, net in the Statement of Consolidated Income for the three and nine months ended September 30, 2021 was income of $19 million and $58 million, respectively, compared with income of $15 million and $44 million for the three and nine months ended September 30, 2020, respectively.

In 2021, we expect to contribute approximately $10 million to our funded pension plans.