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Employee Benefit Plans (Notes) | 12 Months Ended
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Dec. 31, 2023
Retirement Benefits [Abstract] |
Employee Benefit Plans | EMPLOYEE BENEFIT PLANS DEFINED BENEFIT PENSION PLAN The Company’s defined benefit pension plan was closed to new entrants as of July 1, 1997 and existing participants do not accrue any additional benefits. The net periodic pension cost for 2023 was $3 million and was comprised of interest cost of approximately $5 million and the amortization of the actuarial net loss of $3 million, offset by a benefit of $5 million for the expected return on assets. The net periodic pension benefit for 2022 was $1 million and was comprised of interest cost of approximately $4 million and the amortization of the actuarial net loss of $2 million, offset by a benefit of $7 million for the expected return on assets. At December 31, 2023 and 2022, the accumulated benefit obligation of this plan was $100 million and $107 million, respectively, and the fair value of the plan assets were $86 million and $90 million, respectively, resulting in an unfunded accumulated benefit obligation of $14 million and $17 million, respectively, which is recorded in Other current and non-current liabilities in the Consolidated Balance Sheets. Estimated future benefit payments from the plan as of December 31, 2023 are as follows:
Year |  | Amount
2024 |  | $ | 9 |
2025 |  | 9 |
2026 |  | 9 |
2027 |  | 9 |
2028 |  | 8 |
2029 through 2033 |  | 39 |
The minimum funding required during 2024 is estimated to be $3 million. The following table presents the fair values of plan assets by category as of December 31, 2023:
Asset Category |  | Quoted Price in Active Market for Identical Assets (Level I) |  | Significant Other Observable Inputs (Level II) |  | Significant Unobservable Inputs (Level III) |  | Total
Cash and cash equivalents |  | $ | 3 |  |  | $ | — |  |  | $ | — |  |  | $ | 3 |
Equity securities |  | — |  |  | — |  |  | — |  |  | — |
Fixed income securities |  | — |  |  | 35 |  |  | — |  |  | 35 |
Total |  | $ | 3 |  |  | $ | 35 |  |  | $ | — |  |  | $ | 38 |
Plan assets measured at Net Asset Value ("NAV") (1) |  |  |  |  |  |  |  | 48 |
Total plan assets |  |  |  |  |  |  |  | $ | 86 |
_______________ (1)The fair values of these plan assets were determined using the NAV as a practical expedient and therefore have not been classified in the fair value hierarchy. The following table presents the fair values of plan assets by category as of December 31, 2022:
Asset Category |  | Quoted Price in Active Market for Identical Assets (Level I) |  | Significant Other Observable Inputs (Level II) |  | Significant Unobservable Inputs (Level III) |  | Total
Cash and cash equivalents |  | $ | 1 |  |  | $ | — |  |  | $ | — |  |  | $ | 1 |
Equity securities |  | — |  |  | 50 |  |  | — |  |  | 50 |
Fixed income securities |  | — |  |  | 39 |  |  | — |  |  | 39 |
Total plan assets |  | $ | 1 |  |  | $ | 89 |  |  | $ | — |  |  | $ | 90 |
OTHER EMPLOYEE BENEFIT PLANS The Company also maintains post-retirement health and welfare plans for certain subsidiaries and a non-qualified pension plan for certain individuals. The related projected benefit obligation for these plans accrued on the Company’s Consolidated Balance Sheets (primarily within other non-current liabilities) was $3 million at both December 31, 2023 and 2022. DEFINED CONTRIBUTION SAVINGS PLAN The Company sponsors a defined contribution savings plan that provides certain of its eligible employees an opportunity to accumulate funds for retirement and has a Company match for a portion of the contributions made by participating employees. The Company’s cost for contributions to this plan was $21 million, $22 million and $20 million for the years ended December 31, 2023, 2022 and 2021, respectively.

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- Definition The entire disclosure for an entity's employee compensation and benefit plans, including, but not limited to, postemployment and postretirement benefit plans, defined benefit pension plans, defined contribution plans, non-qualified and supplemental benefit plans, deferred compensation, share-based compensation, life insurance, severance, health care, unemployment and other benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 710 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//710/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 712 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//712/tableOfContent Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 715 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//715/tableOfContent Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//718/tableOfContent + Details
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