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Employee Benefits | 9 Months Ended
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Sep. 30, 2024
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,
2024 |  | 2023 |  | 2024 |  | 2023
Interest cost on projected benefit obligation(2) | $ | 6 |  |  | $ | 6 |  |  | $ | 17 |  |  | $ | 19 |
Expected return on plan assets(2) | (6) |  |  | (7) |  |  | (18) |  |  | (23) |
Net amortization and deferrals(2) | 1 |  |  | — |  |  | 3 |  |  | 1 |
Net periodic benefit (income) cost | $ | 1 |  |  | $ | (1) |  |  | $ | 2 |  |  | $ | (3) |
(DOLLARS IN MILLIONS) | Non-U.S. Plans
Three Months Ended September 30, |  | Nine Months Ended September 30,
2024 |  | 2023 |  | 2024 |  | 2023
Service cost for benefits earned(1) | $ | 6 |  |  | $ | 5 |  |  | $ | 18 |  |  | $ | 15 |
Interest cost on projected benefit obligation(2) | 9 |  |  | 9 |  |  | 27 |  |  | 27 |
Expected return on plan assets(2) | (13) |  |  | (11) |  |  | (38) |  |  | (34) |
Net amortization and deferrals(2) | 2 |  |  | — |  |  | 5 |  |  | (1) |
Net periodic benefit (income) cost | $ | 4 |  |  | $ | 3 |  |  | $ | 12 |  |  | $ | 7 |
_______________________ (1)Included as a component of Operating profit. (2)Included as a component of Other expense (income), net. The Company expects to contribute a total of $5 million to its U.S. pension plans and a total of $23 million to its non-U.S. pension plans during 2024. During the nine months ended September 30, 2024, $1 million of contributions were made to the qualified U.S. pension plans, $14 million of contributions were made to the non-U.S. pension plans and $3 million of contributions were made with respect to the Company’s non-qualified U.S. pension plan. (Income) expense recognized for post-retirement benefits other than pensions included the following components:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(DOLLARS IN MILLIONS) | 2024 |  | 2023 |  | 2024 |  | 2023
Interest cost on projected benefit obligation | $ | 1 |  |  | $ | — |  |  | $ | 2 |  |  | $ | 2 |
Net amortization and deferrals | (1) |  |  | (1) |  |  | (2) |  |  | (4) |
Total postretirement benefit (income) expense | $ | — |  |  | $ | (1) |  |  | $ | — |  |  | $ | (2) |
The Company expects to make $4 million of payments related to its postretirement benefits other than pension plans during 2024. In the nine months ended September 30, 2024, $2 million of benefit payments were made.

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