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


	Pension Plans						Post-retirement Benefits
	Three Months Ended June 30,						Three Months Ended June 30,
	2025			2024			2025			2024
Net periodic benefit cost (credit):
Service cost	$	1		$	1		$	—		$	—
Interest cost		2			2			1			1
Expected return on assets		(2	)		(2	)		—			—
Settlement loss		—			4			—			—
Prior service credit		—			—			(1	)		(2	)
Recognized actuarial gain		—			—			(1	)		(1	)
Net periodic benefit cost (credit)	$	1		$	5		$	(1	)	$	(2	)


	Pension Plans						Post-retirement Benefits
	Six Months Ended June 30,						Six Months Ended June 30,
	2025			2024			2025			2024
Net periodic benefit cost (credit):
Service cost	$	2		$	2		$	—		$	—
Interest cost		4			4			2			2
Expected return on assets		(4	)		(4	)		—			—
Settlement loss		—			4			—			—
Prior service credit		—			—			(2	)		(4	)
Recognized actuarial gain		—			—			(2	)		(2	)
Net periodic benefit cost (credit)	$	2		$	6		$	(2	)	$	(4	)

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

In June 2024, the Company completed a pension risk transfer to a third-party insurance company of a portion of its salaried defined benefit pension plan's obligations for certain participants and their beneficiaries. The Company agreed to an annuity contract that was purchased using pension plan assets, resulting in the transfer of $30 million of pension plan assets and $30 million of pension plan benefit obligations to the insurance company. As a result of this transaction, in the second quarter of 2024, the Company recognized a non-recurring, non-cash $4 million settlement charge for a pro rata portion of previously unrecognized pension plan actuarial net losses, which was recorded in Other income (expense), net in the Condensed Consolidated Statements of Comprehensive Income for the three and six months ended June 30, 2024.