Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Changes in Benefit Obligation and Plan Assets

The following table sets forth, on an aggregated basis, changes in the benefit obligation and plan assets, the funded status and how the funded status is recognized on our consolidated balance sheets.

Table 14.1: Changes in Benefit Obligation and Plan Assets


	Defined Pension Benefits				Other Postretirement Benefits
(Dollars in millions)	2020		2019		2020		2019
Change in benefit obligation:
Accumulated benefit obligation as of January 1,	$	165	$	157	$	27	$	29
Service cost	1		1		0		0
Interest cost	5		6		1		1
Benefits paid	(11)		(13)		(2)		(2)
Actuarial loss (gain)	18		14		(5)		(1)
Accumulated benefit obligation as of December 31,	$	178	$	165	$	21	$	27
Change in plan assets:
Fair value of plan assets as of January 1,	$	254	$	218	$	6	$	6
Actual return on plan assets	30		48		1		1
Employer contributions	1		1		1		1
Benefits paid	(11)		(13)		(2)		(2)
Fair value of plan assets as of December 31,	$	274	$	254	$	6	$	6
Over (under) funded status as of December 31,	$	96	$	89	$	(15)	$	(21)


	Defined Pension Benefits				Other Postretirement Benefits
(Dollars in millions)	2020		2019		2020		2019
Balance sheet presentation as of December 31,
Other assets	$	108	$	100	$	0	$	0
Other liabilities	(12)		(11)		(15)		(21)
Net amount recognized as of December 31,	$	96	$	89	$	(15)	$	(21)