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v3.23.3

Employee Benefits | 9 Months Ended
--- | ---
Sep. 30, 2023
Retirement Benefits [Abstract] |
Employee Benefits | EMPLOYEE BENEFITS Pension and other defined contribution retirement plan expenses included the following components:
(DOLLARS IN MILLIONS) | U.S. Plans
Three Months Ended September 30, |  | Nine Months Ended September 30,
2023 |  | 2022 |  | 2023 |  | 2022
Service cost for benefits earned(1) | $ | — |  |  | $ | 1 |  |  | $ | — |  |  | $ | 1 |
Interest cost on projected benefit obligation(2) | 6 |  |  | 4 |  |  | 19 |  |  | 12 |
Expected return on plan assets(2) | (7) |  |  | (5) |  |  | (23) |  |  | (16) |
Net amortization and deferrals(2) | — |  |  | 1 |  |  | 1 |  |  | 5 |
Net periodic benefit (income) cost | $ | (1) |  |  | $ | 1 |  |  | $ | (3) |  |  | $ | 2 |
(DOLLARS IN MILLIONS) | Non-U.S. Plans
Three Months Ended September 30, |  | Nine Months Ended September 30,
2023 |  | 2022 |  | 2023 |  | 2022
Service cost for benefits earned(1) | $ | 5 |  |  | $ | 9 |  |  | $ | 15 |  |  | $ | 28 |
Interest cost on projected benefit obligation(2) | 9 |  |  | 4 |  |  | 27 |  |  | 13 |
Expected return on plan assets(2) | (11) |  |  | (10) |  |  | (34) |  |  | (32) |
Net amortization and deferrals(2) | — |  |  | 3 |  |  | (1) |  |  | 9 |
Net periodic benefit (income) cost | $ | 3 |  |  | $ | 6 |  |  | $ | 7 |  |  | $ | 18 |
_______________________ (1)Included as a component of Operating profit (loss). (2)Included as a component of Other income, net. The Company expects to contribute a total of $5 million to its U.S. pension plans and a total of $32 million to its non-U.S. pension plans during 2023. During the nine months ended September 30, 2023, no contributions were made to the qualified U.S. pension plans, $22 million of contributions were made to the non-U.S. pension plans, and $3 million of benefit payments were made with respect to the Company’s non-qualified U.S. pension plan. (Income) expense recognized for postretirement benefits other than pensions included the following components:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(DOLLARS IN MILLIONS) | 2023 |  | 2022 |  | 2023 |  | 2022
Service cost for benefits earned | $ | — |  |  | $ | 1 |  |  | $ | — |  |  | $ | 1 |
Interest cost on projected benefit obligation | — |  |  | — |  |  | 2 |  |  | 1 |
Net amortization and deferrals | (1) |  |  | (2) |  |  | (4) |  |  | (4) |
Total postretirement benefit (income) expense | $ | (1) |  |  | $ | (1) |  |  | $ | (2) |  |  | $ | (2) |
The Company expects to contribute $3 million to its postretirement benefits other than pension plans during 2023. In the nine months ended September 30, 2023, $2 million of contributions were made.

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