Quarterly report pursuant to Section 13 or 15(d)

PENSIONS AND OTHER POSTRETIREMENT BENEFITS (Tables)

v3.23.2
PENSIONS AND OTHER POSTRETIREMENT BENEFITS (Tables)
 6 Months Ended
Jun. 30, 2023
Postemployment Benefits [Abstract]  
Schedule of Net Benefit Costs
The following are the components of defined benefit pension and OPEB costs (credits):
DEFINED BENEFIT PENSION COSTS (CREDITS)
Three Months Ended
June 30,		 Six Months Ended
June 30,
(In millions) 2023 2022 2023 2022
Service cost $ 8  $ 12  $ 16  $ 24 
Interest cost 58  31  117  63 
Expected return on plan assets (78) (92) (157) (184)
Amortization:
Prior service costs 4  —  8  — 
Net actuarial loss 1  3  2  7 
Net periodic benefit credits $ (7) $ (46) $ (14) $ (90)
OPEB COSTS (CREDITS)
Three Months Ended
June 30,		 Six Months Ended
June 30,
(In millions) 2023 2022 2023 2022
Service cost $ 3  $ 10  $ 5  $ 21 
Interest cost 16  20  32  40 
Expected return on plan assets (10) (9) (21) (19)
Amortization:
Prior service credits (4) —  (8) — 
Net actuarial gain (37) (3) (73) (6)
Net periodic benefit costs (credits) $ (32) $ 18  $ (65) $ 36