Employee Benefit Plans

3 Months Ended

Mar. 31, 2023

Retirement Benefits [Abstract]

Employee Benefit Plans

The components of net periodic benefit cost, included in other operating expenses on the Company’s condensed consolidated statements of income, for the three months ended March 31, 2023 and 2022 were as follows (dollars in millions):

	Pension Benefits				Other Benefits
	Three months ended March 31,				Three months ended March 31,
	2023		2022		2023		2022
Service cost	$	3	$	4	$	—	$	1
Interest cost	2		1		1		—
Expected return on plan assets	(3)		(3)		—		—
Amortization of prior service cost (credit)	—		—		—		—
Amortization of prior actuarial losses	1		1		—		—
Net periodic benefit cost	$	3	$	3	$	1	$	1