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Employee Benefit Plans (Tables) | 12 Months Ended
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Dec. 31, 2022
Retirement Benefits [Abstract] |
Principal Components of Employee Benefit Costs | The principal components of employee benefit costs are summarized as follows:
|  | Year ended December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
|  | (in millions) |
Expense: |  |  |  |  |  |  |  |  |
Savings plan |  | $ | 37 |  |  | $ | 74 |  |  | $ | 32 |
Unfunded supplemental benefit plans |  |  | 12 |  |  |  | 11 |  |  |  | 9 |
Other plans, net (1) |  |  | (14 | ) |  |  | 24 |  |  |  | 19 |
|  | $ | 35 |  |  | $ | 109 |  |  | $ | 60 |
(1) For the year ended December 31, 2022, participant investments included in the deferred compensation plan realized losses in excess of expenses recorded by the Company.
Company's Benefit Obligations and Funded Status | The following table summarizes the benefit obligations and funded status associated with the Company’s unfunded supplemental benefit plans:
|  | December 31, |
|  | 2022 |  |  | 2021 |
|  | (in millions) |
Change in projected benefit obligation: |  |  |  |  |  |
Benefit obligation at beginning of year |  | $ | 262 |  |  | $ | 283 |
Interest costs |  |  | 6 |  |  |  | 5 |
Actuarial gains |  |  | (57 | ) |  |  | (11 | )
Benefits paid |  |  | (15 | ) |  |  | (15 | )
Projected benefit obligation at end of year |  |  | 196 |  |  |  | 262 |
Change in plan assets: |  |  |  |  |  |
Contributions |  |  | 15 |  |  |  | 14 |
Benefits paid |  |  | (15 | ) |  |  | (14 | )
Fair value of plan assets at end of year |  |  | — |  |  |  | — |
Reconciliation of funded status: |  |  |  |  |  |
Unfunded status of the plans |  | $ | 196 |  |  | $ | 262 |
Amounts recognized in the consolidated balance sheet: |  |  |  |  |  |
Accrued benefit liability |  | $ | 196 |  |  | $ | 262 |
Amounts recognized in accumulated other comprehensive income/loss: |  |  |  |  |  |
Unrecognized net actuarial loss |  | $ | 48 |  |  | $ | 111 |
|  | $ | 48 |  |  | $ | 111 |
Accumulated benefit obligation at end of year |  | $ | 196 |  |  | $ | 262 |
Net Periodic Benefit Costs | Net periodic benefit costs related to the Company’s unfunded supplemental benefit pension plans are summarized as follows:
|  | Year ended December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
|  | (in millions) |
Expense: |  |  |  |  |  |  |  |  |
Interest costs |  | $ | 6 |  |  | $ | 5 |  |  | $ | 7 |
Amortization of net actuarial loss |  |  | 6 |  |  |  | 7 |  |  |  | 5 |
Amortization of prior service credit |  |  | — |  |  |  | (1 | ) |  |  | (3 | )
|  | $ | 12 |  |  | $ | 11 |  |  | $ | 9 |
The Weighted-Average Discount Rate Assumptions Used to Determine Net Periodic Benefit Costs and Projected Benefit Obligations | The weighted-average discount rate assumptions used to determine net periodic benefit costs for the Executive and Management Supplemental Benefit Plans for the years ended December 31, 2022, 2021 and 2020, are as follows:
|  | Year ended December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
Discount rates: |  |  |  |  |  |  |  |  |  |  |  |
Projected benefit obligation |  |  |  | 2.89 | % |  |  |  | 2.49 | % |  |  |  | 3.27 | %
Service cost |  |  |  | 3.29 | % |  |  |  | 3.14 | % |  |  |  | 3.71 | %
Interest cost |  |  |  | 2.37 | % |  |  |  | 1.83 | % |  |  |  | 2.86 | %
The weighted-average discount rate assumptions used to determine the projected benefit obligations for the Executive and Management Supplemental Benefit Plans at December 31, 2022 and 2021, are as follows:
|  | December 31, |
|  | 2022 |  |  | 2021 |
Discount rate |  |  |  | 5.56 | % |  |  |  | 2.89 | %
Benefit Payments | Benefit payments, which reflect expected future service, as appropriate, are expected to be made as follows:
Year |  | (in millions) |
2023 |  | $ | 16 |
2024 |  | $ | 17 |
2025 |  | $ | 17 |
2026 |  | $ | 17 |
2027 |  | $ | 16 |
Five years thereafter |  | $ | 77 |

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