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Pension and Other Postretirement Benefits
 3 Months Ended
Mar. 31, 2022
Pension and Other Postretirement Benefits  
Pension and Other Postretirement Benefits

11. Pension and Other Postretirement Benefits

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The following table sets forth the components of net periodic benefit cost of the U.S. and non-U.S. defined benefit pension plans for the periods presented:

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended March 31, 

​

​

​

U.S. Plans

​

Non-U.S. Plans

​

 (in millions)

    

2022

    

2021

    

2022

    

2021

  

Service cost

​

$

1

​

$

1

​

$

1

​

$

1

​

Interest cost

​

​

2

​

​

2

​

​

2

​

​

3

​

Expected return on plan assets

​

​

(4)

​

​

(5)

​

​

(2)

​

​

(2)

​

Amortization of actuarial loss

​

​

—

​

​

—

​

​

—

​

​

1

​

Net periodic benefit cost (a)

​

$

(1)

​

$

(2)

​

$

1

​

$

3

​

​

Ingredion currently anticipates that we will make approximately $4 million in cash contributions to our pension plans in 2022, consisting of contributions of $3 million to our non-U.S. pension plans and $1 million to our U.S. pension plans. For the first quarter of 2022, we made cash contributions of approximately $1 million to the non-U.S. plans and an insignificant amount to the U.S. plans.

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The following table sets forth the components of net postretirement benefit cost for the periods presented:

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended March 31, 

​

(in millions)

    

2022

    

2021

​

Service cost

​

$

—

​

$

—

​

Interest cost

​

​

1

​

​

1

​

Amortization of prior service credit

​

​

—

​

​

(1)

​

Net periodic benefit cost (a)

​

$

1

​

$

—

​

(a)The service cost component of net periodic benefit cost is presented within either Cost of sales or Operating expenses on the Condensed Consolidated Statements of Income (Loss). The interest cost, expected return on plan assets, amortization of prior service credit, and amortization of actuarial loss components of net periodic benefit cost are presented as Other, non-operating income on the Condensed Consolidated Statements of Income (Loss).