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v3.22.1

Pension and Other Postretirement Benefit Plans | 3 Months Ended
--- | ---
Mar. 31, 2022
Retirement Benefits [Abstract] |
Pension and Other Postretirement Benefit Plans | Pension and Other Postretirement Benefit Plans The Company has defined benefit pension plans covering eligible employees in the U.S. and in certain of its international subsidiaries. The net periodic benefit cost of such plans (including certain costs reported as part of discontinued operations in the first quarter of 2021) consisted of the following components:
| Three Months Ended March 31, |  |
| 2022 |  | 2021 |  |  |  |
($ in millions) | U.S. |  | International |  | U.S. |  | International |  |  |  |  |  |  |  |
Service cost | $ | 99 |  |  | $ | 75 |  |  | $ | 100 |  |  | $ | 92 |  |  |  |  |  |  |  |  |
Interest cost | 103 |  |  | 38 |  |  | 96 |  |  | 29 |  |  |  |  |  |  |  |  |
Expected return on plan assets | (196) |  |  | (101) |  |  | (188) |  |  | (104) |  |  |  |  |  |  |  |  |
Amortization of unrecognized prior service credit | (8) |  |  | (4) |  |  | (10) |  |  | (4) |  |  |  |  |  |  |  |  |
Net loss amortization | 56 |  |  | 25 |  |  | 85 |  |  | 41 |  |  |  |  |  |  |  |  |
Termination benefits | — |  |  | — |  |  | 1 |  |  | — |  |  |  |  |  |  |  |  |
Curtailments | 3 |  |  | — |  |  | 7 |  |  | — |  |  |  |  |  |  |  |  |
Settlements | 1 |  |  | — |  |  | — |  |  | — |  |  |  |  |  |  |  |  |
| $ | 58 |  |  | $ | 33 |  |  | $ | 91 |  |  | $ | 54 |  |  |  |  |  |  |  |  |
The Company provides medical benefits, principally to its eligible U.S. retirees and similar benefits to their dependents, through its other postretirement benefit plans. The net credit of such plans consisted of the following components:
| Three Months Ended March 31, |  |
($ in millions) | 2022 |  | 2021 |  |  |  |
Service cost | $ | 12 |  |  | $ | 13 |  |  |  |  |
Interest cost | 11 |  |  | 11 |  |  |  |  |
Expected return on plan assets | (21) |  |  | (20) |  |  |  |  |
Amortization of unrecognized prior service credit | (25) |  |  | (25) |  |  |  |  |
| $ | (23) |  |  | $ | (21) |  |  |  |  |
In connection with restructuring actions (see Note 5), termination charges were recorded on pension plans related to expanded eligibility for certain employees e x iting Merck. Also, in connection with these restructuring activities, curtailments and settlements were recorded on certain pension plans. The components of net periodic benefit cost (credit) other than the service cost component are included in Other (income) expense, net (see Note 11), with the exception of certain amounts for termination benefits, curtailments and settlements, which are recorded in Restructuring costs if the event giving rise to the termination benefits, curtailment or settlement is related to restructuring actions.

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