v3.22.2.2
Employee Benefit Plans
 9 Months Ended
Sep. 30, 2022
Retirement Benefits [Abstract]  
Employee Benefit Plans

NOTE M. EMPLOYEE BENEFIT PLANS

Components of net periodic benefit cost (credit) consist of the following (dollars in millions):

 

 

 

Pension Plans

 

 

Post-retirement Benefits

 

 

 

For the Three Months
Ended September 30,

 

 

For the Three Months
Ended September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Net periodic benefit cost (credit):

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

1

 

 

$

2

 

 

$

—

 

 

$

—

 

Interest cost

 

 

1

 

 

 

1

 

 

 

1

 

 

 

—

 

Expected return on assets

 

 

(2

)

 

 

(2

)

 

 

—

 

 

 

—

 

Prior service credit

 

 

—

 

 

 

(1

)

 

 

(3

)

 

 

(2

)

Recognized actuarial loss

 

 

1

 

 

 

1

 

 

 

—

 

 

 

—

 

Net periodic benefit cost (credit)

 

$

1

 

 

$

1

 

 

$

(2

)

 

$

(2

)

 

 

 

Pension Plans

 

 

Post-retirement Benefits

 

 

 

For the Nine Months
Ended September 30,

 

 

For the Nine Months
Ended September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Net periodic benefit cost (credit):

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

5

 

 

$

7

 

 

$

1

 

 

$

1

 

Interest cost

 

 

4

 

 

 

4

 

 

 

2

 

 

 

1

 

Expected return on assets

 

 

(6

)

 

 

(6

)

 

 

—

 

 

 

—

 

Prior service credit

 

 

—

 

 

 

(1

)

 

 

(8

)

 

 

(7

)

Recognized actuarial loss

 

 

1

 

 

 

1

 

 

 

—

 

 

 

—

 

Net periodic benefit cost (credit)

 

$

4

 

 

$

5

 

 

$

(5

)

 

$

(5

)

 

The components of net periodic benefit cost (credit) other than the service cost component are included in Other (expense) income, net in the Condensed Consolidated Statements of Comprehensive Income.