XML 43 R29.htm IDEA: XBRL DOCUMENT v3.22.2
RETIREMENT PLANS (Tables)
 6 Months Ended
Jun. 30, 2022
Retirement Benefits [Abstract]  
Components of net periodic benefit cost
Components of net periodic benefit (credit) cost were as follows:
Second Quarter
 Pension PlansOther Postretirement Benefit Plans
2022202120222021
(Dollars in millions)U.S.Non-U.S.U.S.Non-U.S.
Service cost$6 $3 $6 $5 $— $— 
Interest cost11 4 9 3 3 3 
Expected return on assets(32)(8)(31)(10)(1)(1)
Amortization of:
Prior service credit, net— — — — (8)(10)
Mark-to-market pension and other postretirement benefits (gain) loss (1)
7 (10)— — — — 
Net periodic benefit (credit) cost$(8)$(11)$(16)$(2)$(6)$(8)
First Six Months
Pension PlansOther Postretirement Benefit Plans
2022202120222021
(Dollars in millions)U.S.Non-U.S.U.S.Non-U.S.
Service cost$12 $7 $13 $9 $— $— 
Interest cost22 8 18 6 7 6 
Expected return on assets(64)(17)(63)(19)(2)(2)
Amortization of:
Prior service credit, net— — — — (16)(19)
Mark-to-market pension and other postretirement benefits (gain) loss (1)
7 (10)— — — — 
Net periodic benefit (credit) cost$(23)$(12)$(32)$(4)$(11)$(15)
(1)     Also includes curtailment triggered by the sale of the adhesives resins business which is included in "Other components of post-employment (benefit) cost, net" on the Unaudited Consolidated Statements of Earnings, Comprehensive Income and Retained Earnings.