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RETIREMENT PLANS (Tables)
9 Months Ended
Sep. 30, 2020
Retirement Benefits [Abstract]  
Components of net periodic benefit cost
Components of net periodic benefit (credit) cost were as follows:
Third Quarter
 Pension PlansOther Postretirement Benefit Plans
2020201920202019
(Dollars in millions)U.S.Non-U.S.U.S.Non-U.S.
Service cost$$$$$— $— 
Interest cost15 19 
Expected return on assets(34)(9)(31)(8)(2)(2)
Amortization of:
Prior service credit, net— — — — (9)(9)
Net periodic benefit (credit) cost$(13)$— $(6)$$(6)$(5)
First Nine Months
Pension PlansOther Postretirement Benefit Plans
2020201920202019
(Dollars in millions)U.S.Non-U.S.U.S.Non-U.S.
Service cost$19 $13 $20 $11 $— $— 
Interest cost43 11 57 15 14 19 
Expected return on assets(101)(25)(96)(24)(4)(4)
Amortization of:
Prior service credit, net— — — — (28)(29)
Net periodic benefit (credit) cost$(39)$(1)$(19)$$(18)$(14)