v3.22.2

Pension and Other Postretirement Benefits (Tables)

6 Months Ended

Jun. 30, 2022

Retirement Benefits [Abstract]

Schedule of Components of Net Periodic Benefit Cost Classified as Direct Plans

The components of net periodic benefit cost for defined benefit plans were as follows:

						Second quarter ended June 30,												Six months ended June 30,
						2022						2021						2022						2021
Pension benefits
Service cost						$	4					$	5					$	9					$	11
Interest cost						17						16						33						33
Expected return on plan assets						(23)						(27)						(47)						(60)
Recognized net actuarial loss						19						24						38						56
Settlements (1)						—						568						1						568
Net periodic benefit cost(2)						$	17					$	586					$	34					$	608
Other postretirement benefits
Service cost						$	1					$	2					$	2					$	3
Interest cost						3						2						6						5
Recognized net actuarial loss						2						3						4						5
Amortization of prior service benefit						(2)						(2)						(4)						(3)
Net periodic benefit cost(2)						$	4					$	5					$	8					$	10

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(1)    In the 2021 second quarter and six-month period, Settlements were due to the purchase of a group annuity contract ($549) and the payment of lump-sum benefits ($19).    

(2)    Service cost was included within Cost of goods sold, Settlements were included within Restructuring and other charges, and all other components were included in Other (income) expenses, net on the accompanying Statement of Consolidated Operations.

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- References

No definition available.

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- Definition

Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (h)
-URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

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