RETIREMENT BENEFIT PLANS

3 Months Ended

Mar. 31, 2022

Retirement Benefits [Abstract]

RETIREMENT BENEFIT PLANS

RETIREMENT BENEFIT PLANS

The Company has a number of defined benefit pension plans and other postemployment benefit plans covering eligible salaried and hourly employees and their dependents. The estimated contributions to the Company's defined benefit pension plans for 2022 range from $20 million to $30 million, of which $5 million has been contributed through the first three months of the year. The other postemployment benefit plans, which provide medical and life insurance benefits, are funded on a pay-as-you-go basis.

The components of net periodic benefit (income) cost recorded in the Condensed Consolidated Statements of Operations are as follows:

	Pension benefits								Other postemployment benefits
(in millions)	2022				2021
Three Months Ended March 31,	US		Non-US		US		Non-US		2022		2021
Service cost	$	—	$	5	$	—	$	6	$	—	$	—
Interest cost	1		10		1		8		—		—
Expected return on plan assets	(2)		(20)		(3)		(21)		—		—
Amortization of unrecognized prior service credit	—		—		—		—		—		—
Amortization of unrecognized loss	—		2		1		3		—		—
Net periodic benefit income	$	(1)	$	(3)	$	(1)	$	(4)	$	—	$	—

The components of net periodic benefit income other than the service cost component are included in Other postretirement income in the Condensed Consolidated Statements of Operations.