XML 44 R34.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Employee Benefits (Tables)
6 Months Ended
Jun. 30, 2024
Retirement Benefits [Abstract]  
Pension and Other Defined Contribution Retirement Plan Expenses
Pension and other defined contribution retirement plan expenses included the following components:
(DOLLARS IN MILLIONS)U.S. Plans
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Interest cost on projected benefit obligation(2)
$$$11 $13 
Expected return on plan assets(2)
(6)(8)(12)(16)
Net amortization and deferrals(2)
Net periodic benefit (income) cost$— $(1)$$(2)
(DOLLARS IN MILLIONS)Non-U.S. Plans
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Service cost for benefits earned(1)
$$$12 $10 
Interest cost on projected benefit obligation(2)
18 18 
Expected return on plan assets(2)
(12)(11)(25)(23)
Net amortization and deferrals(2)
(1)(1)
Net periodic benefit (income) cost$$$$
_______________________
(1)Included as a component of Operating profit.
(2)Included as a component of Other expense (income), net.
Postretirement Benefits Other Than Pension Expenses
(Income) expense recognized for post-retirement benefits other than pensions included the following components:
 Three Months Ended June 30,Six Months Ended June 30,
(DOLLARS IN MILLIONS)2024202320242023
Interest cost on projected benefit obligation$— $$$
Net amortization and deferrals— (2)(1)(3)
Total postretirement benefit (income) expense$— $(1)$— $(1)