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Pension and Other Post-Retirement Benefits
 9 Months Ended
Sep. 30, 2022
Retirement Benefits, Description [Abstract]  
Pension and Other Post-Retirement Benefits

Note 8. Pension and Other Post-Retirement Benefits

The following table sets forth certain disclosures for the Company’s pension and post-retirement plans for the periods indicated:

 

 

 

For the Three Months Ended September 30,

 

 

 

2022

 

 

2021

 

 

 

 

 

 

Post

 

 

 

 

 

Post

 

 

 

Pension

 

 

Retirement

 

 

Pension

 

 

Retirement

 

(in millions)

 

Benefits

 

 

Benefits (1)

 

 

Benefits

 

 

Benefits (1)

 

Components of net periodic pension expense (credit):

 

 

 

 

 

 

 

 

 

 

 

 

Interest cost

 

$

1

 

 

$

—

 

 

$

1

 

 

$

—

 

Expected return on plan assets

 

 

(4

)

 

 

—

 

 

 

(4

)

 

 

—

 

Amortization of net actuarial loss

 

 

1

 

 

 

—

 

 

 

2

 

 

 

—

 

Net periodic (credit) expense

 

$

(2

)

 

$

—

 

 

$

(1

)

 

$

—

 

 

 

 

For the Nine Months Ended September 30,

 

 

 

2022

 

 

2021

 

 

 

 

 

 

Post

 

 

 

 

 

Post

 

 

 

Pension

 

 

Retirement

 

 

Pension

 

 

Retirement

 

(in millions)

 

Benefits

 

 

Benefits (1)

 

 

Benefits

 

 

Benefits (1)

 

Components of net periodic pension expense (credit):

 

 

 

 

 

 

 

 

 

 

 

 

Interest cost

 

$

3

 

 

$

—

 

 

$

3

 

 

$

—

 

Expected return on plan assets

 

 

(12

)

 

 

—

 

 

 

(12

)

 

 

—

 

Amortization of net actuarial loss

 

 

2

 

 

 

—

 

 

 

5

 

 

 

—

 

Net periodic (credit) expense

 

$

(7

)

 

$

—

 

 

$

(4

)

 

$

—

 

 

(1)
Post-retirement benefits balances round to zero.

 

The Company expects to contribute $1 million to its post-retirement plan to pay premiums and claims for the fiscal year ending December 31, 2022. The Company does not expect to make any contributions to its pension plan in 2022.