Quarterly report pursuant to Section 13 or 15(d)

PENSIONS AND OTHER POSTRETIREMENT BENEFITS (Tables)

v3.24.2
PENSIONS AND OTHER POSTRETIREMENT BENEFITS (Tables)
 6 Months Ended
Jun. 30, 2024
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) 2024 2023 2024 2023
Service cost $ 7  $ 8  $ 14  $ 16 
Interest cost 54  58  109  117 
Expected return on plan assets (80) (78) (160) (157)
Amortization:
Prior service costs 4  4  8  8 
Net actuarial loss —  1  —  2 
Net periodic benefit credits $ (15) $ (7) $ (29) $ (14)
OPEB COSTS (CREDITS)
Three Months Ended
June 30,		 Six Months Ended
June 30,
(In millions) 2024 2023 2024 2023
Service cost $ 2  $ 3  $ 4  $ 5 
Interest cost 13  16  25  32 
Expected return on plan assets (10) (10) (21) (21)
Termination benefits1
—  —  2  — 
Amortization:
Prior service credits (4) (4) (8) (8)
Net actuarial gain (39) (37) (77) (73)
Net periodic benefit credits $ (38) $ (32) $ (75) $ (65)
1 The termination benefits relate to the announcement of the indefinite idle of our Weirton tinplate production plant.