Retirement Plans

3 Months Ended

Mar. 31, 2023

Retirement Benefits [Abstract]

Retirement Plans

7. Retirement Plans

Components of net periodic benefit cost consisted of the following:

	Three Months Ended March 31,
	2023		2022
	(In millions)
Service cost	$	9	$	13
Interest cost (a)	25		16
Expected return on plan assets (a)	(39)		(53)
Amortization of unrecognized net actuarial losses (a)	—		3
Net periodic benefit cost (income) (a)	$	(5)	$	(21)

(a)  Net non-service cost, which is included in Other, net in the Statement of Consolidated Income, was income of $14 million for the three months ended March 31, 2023 (2022: $34 million of income).

In 2023, we expect to contribute approximately $2 million to our funded pension plans.