v3.22.2.2
Employee Benefit Plans
 9 Months Ended
Sep. 30, 2022
Retirement Benefits [Abstract]  
Employee Benefit Plans EMPLOYEE BENEFIT PLANS
Employee benefit plans net periodic (benefit) cost
Pension BenefitsOther Postretirement and Postemployment Benefits
(in millions)2022202120222021
Three Months Ended September 30,
Service cost$— $— $18 $21 
Interest cost153 146 32 29 
Expected return on plan assets(330)(381)(4)(9)
Amortization of prior service credit— — (1)(2)
Recognized net actuarial loss64 88 13 15 
Settlements— 1 — — 
Net periodic (benefit) cost$(113)$(146)$58 $54 
Nine Months Ended September 30,
Service cost$— $— $53 $64 
Interest cost459 437 96 88 
Expected return on plan assets(990)(1,142)(12)(26)
Amortization of prior service credit— — (4)(5)
Recognized net actuarial loss191 266 41 42 
Settlements— 1 — — 
Net periodic (benefit) cost$(340)$(438)$174 $163 

Service cost is recorded in salaries and related costs in our income statement, while all other components are recorded within pension and related benefit under non-operating expense.

Expected Long-Term Rate of Return. Based on our funded status as of December 31, 2021, we have modified the strategic asset allocation mix to reduce the investment risk of the portfolio. As a result of the lower risk profile of the portfolio, the weighted average expected long-term rate of return on our defined benefit pension plan assets for 2022 net periodic benefit cost is 7.0%.