Employee Benefit Plans (Tables)

9 Months Ended

Sep. 30, 2023

Retirement Benefits [Abstract]

Schedule of Defined Benefit Plans Disclosures

Components of net periodic benefit cost (income) of the pension plans for the three months ended September 30 were as follows:

In millions	U.S. Pension Benefits				International Pension Benefits				Total Pension Benefits
	2023		2022		2023		2022		2023		2022
Net service cost	$	—	$	—	$	1	$	1	$	1	$	1
Interest cost	17		10		8		3		25		13
Expected return on plan assets	(16)		(17)		(8)		(6)		(24)		(23)
Amortization of prior service cost	—		—		—		—		—		—
Actuarial loss (gain)	24		—		(5)		—		19		—
Net periodic benefit cost (income)	$	25	$	(7)	$	(4)	$	(2)	$	21	$	(9)

Components of net periodic benefit cost (income) of the pension plans for the nine months ended September 30 were as follows:

In millions	U.S. Pension Benefits				International Pension Benefits				Total Pension Benefits
	2023		2022		2023		2022		2023		2022
Net service cost	$	—	$	—	$	3	$	3	$	3	$	3
Interest cost	53		30		22		9		75		39
Expected return on plan assets	(49)		(50)		(25)		(20)		(74)		(70)
Amortization of prior service cost	—		—		—		—		—		—
Actuarial loss (gain)	24		—		(5)		—		19		—
Net periodic benefit cost (income)	$	28	$	(20)	$	(5)	$	(8)	$	23	$	(28)

Prior to the Spin-Off, whereby Atleos assumed the U.S. and certain international pension plan assets and liabilities, the pension plans were remeasured, resulting in actuarial losses (gains) of $19 million being recognized during the three and nine months ended September 30, 2023.

Schedule of Net Benefit Costs

Components of the benefit from the postretirement plan for the following periods were:

In millions	Three months ended September 30				Nine months ended September 30
	2023		2022		2023		2022
Interest cost	$	—	$	—	$	—	$	—
Amortization of:
Prior service benefit	—		—		—		—
Actuarial loss	—		1		—		1
Net postretirement benefit	$	—	$	1	$	—	$	1

Components of the net cost of the postemployment plan for the following periods were:

	Three months ended September 30				Nine months ended September 30
In millions	2023		2022		2023		2022
Net service cost	$	3	$	8	$	9	$	57
Interest cost	1		1		4		2
Amortization of:
Prior service benefit	—		—		(1)		(1)
Actuarial gain	—		(1)		(2)		(1)
Net benefit cost	$	4	$	8	$	10	$	57