Employee Benefit Plans (Tables)

9 Months Ended

Sep. 30, 2023

Schedule Of Defined Benefit Plans Disclosures Text Block

The components of net periodic benefit cost, included in other operating expenses on the Company’s condensed consolidated statements of income, for the three and nine months ended September 30, 2023 and 2022 were as follows (dollars in millions):


	Pension Benefits				Other Benefits
	Three months ended September 30,				Three months ended September 30,
	2023		2022		2023		2022
Service cost	$	3	$	5	$	—	$	1
Interest cost	3		1		1		—
Expected return on plan assets	(3)		(3)		—		—
Amortization of prior service cost (credit)	—		—		—		—
Amortization of prior actuarial losses	1		—		—		—

Net periodic benefit cost	$	4	$	3	$	1	$	1


	Pension Benefits				Other Benefits
	Nine months ended September 30,				Nine months ended September 30,
	2023		2022		2023		2022
Service cost	$	10	$	13	$	1	$	2
Interest cost	8		4		2		1
Expected return on plan assets	(8)		(9)		—		—
Amortization of prior service cost (credit)	—		—		(1)		(1)
Amortization of prior actuarial losses	2		2		—		1

Net periodic benefit cost	$	12	$	10	$	2	$	3