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
Components of net periodic cost consist of the following for the periods presented:
Three Months Ended June 30,Six Months Ended June 30,
U.S. PlansNon-U.S. PlansU.S. PlansNon-U.S. Plans
20252024202520242025202420252024
Service cost$— $$— $— $$$$
Interest cost
Expected return on plan assets(4)(5)(2)(2)(8)(9)(4)(4)
Net periodic cost (i)
$— $— $— $$— $— $$
_______________________________________
(i)The service cost component of net periodic cost is presented within either Cost of sales or Operating expenses on the Condensed Consolidated Statements of Income. The interest cost, expected return on plan assets, amortization of prior service costs and amortization of actuarial losses are presented within Other non-operating expense on the Condensed Consolidated Statements of Income.
We anticipate that we will make cash contributions of $1 million and $2 million to the U.S. and non-U.S. pension plans in 2025. For year-to-date 2025, we made an insignificant cash contribution to the U.S. pension plans and $1 million to the non-U.S. pension plans.
For year-to-date 2025 and 2024, the net periodic benefit cost for the postretirement plans consisted of $2 million and $1 million of interest costs. During the second quarter of 2025, the net periodic benefit cost for the postretirement plans consisted of $1 million of interest cost.