Employee Benefits (Tables)

9 Months Ended

Sep. 30, 2021

Retirement Benefits [Abstract]

Schedule of Net Periodic Benefit Cost

The components of net periodic benefit cost for our retirement plans and postretirement plans for the periods ended September 30 are as follows: 

(in millions)	Three Months				Nine Months
	2021		2020		2021		2020
Service cost	$	1	$	1	$	3	$	3
Interest cost	10		13		31		39
Expected return on assets	(26)		(26)		(78)		(76)
Amortization of prior service credit / actuarial loss	5		4		13		10
Net periodic benefit cost	$	(10)	$	(8)	$	(31)	$	(24)
Settlement charge 1	—		—		—		3
Net benefit cost	$	(10)	$	(8)	$	(31)	$	(21)

1 During the nine months ended September 30, 2020, lump sum withdrawals exceeded the combined total anticipated annual service and interest cost of our UK pension plan, triggering the recognition of a non-cash pre-tax settlement charge of $3 million.