v3.25.2
Pension and Other Postretirement Benefits
 6 Months Ended
Jun. 30, 2025
Retirement Benefits [Abstract]  
Pension and Other Postretirement Benefits Pension and Other Postretirement Benefits
The components of net periodic cost (benefit) were as follows:
Second quarter endedSix months ended
 June 30,June 30,
2025202420252024
Pension benefits
Service cost$— $— $1 $1 
Interest cost19 19 38 38 
Expected return on plan assets(16)(17)(33)(35)
Recognized net actuarial loss8 8 15 16 
Net periodic cost(1)
$11 $10 $21 $20 
Other postretirement benefits    
Service cost$— $— $— $— 
Interest cost1 2 2 3 
Recognized net actuarial gain(2)— (4)(1)
Amortization of prior service benefit(3)(3)(5)(5)
Net periodic benefit(1)
$(4)$(1)$(7)$(3)
(1)Service cost was included within Cost of goods sold; all other cost components were recorded in Other expense, net in the Statement of Consolidated Operations.
For the second quarter and six months ended June 30, 2025, Howmet’s combined pension contributions and other postretirement benefit payments were approximately $18 and $19, respectively. For the second quarter and six months ended June 30, 2024, Howmet’s combined pension contributions and other postretirement benefit payments were approximately $17 and $22, respectively.