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Employee Benefit Plans (Tables)
6 Months Ended
Jun. 30, 2022
Retirement Benefits [Abstract]  
Schedule of contributions to plans
Contributions to our plans were as follows:
 Quarter Ended June 30,Six Months Ended June 30,
(dollars in millions)2022202120222021
U.S. qualified defined benefit plans$ $— $ $— 
International defined benefit plans18 14 30 21 
PRB plans4 9 
Defined contribution plans251 238 562 509 
Schedule of Amounts Recognized in Balance Sheet
The amounts recognized in the Condensed Consolidated Balance Sheet consist of:
(dollars in millions)June 30, 2022December 31, 2021
Noncurrent pension assets (included in Other assets)$3,869 $3,214 
Current pension and PRB liabilities (included in Accrued employee compensation)309 310 
Future pension and postretirement benefit obligations7,543 7,855 
The amounts recognized in Future pension and postretirement benefit obligations consist of:
(dollars in millions)June 30, 2022December 31, 2021
Noncurrent pension liabilities$6,596 $6,873 
Noncurrent PRB liabilities876 903 
Other pension and PRB related items
71 79 
Future pension and postretirement benefit obligations$7,543 $7,855 
Schedule of Net Benefit Costs
The components of net periodic benefit (income) expense for our defined pension and PRB plans were as follows:
 
Pension Benefits
Quarter Ended June 30,
PRB
Quarter Ended June 30,
(dollars in millions)2022202120222021
Operating expense
Service cost$118 $131 $2 $
Non-operating expense
Interest cost380 313 7 
Expected return on plan assets(888)(871)(6)(5)
Amortization of prior service credit(41)(42) (1)
Recognized actuarial net loss (gain)77 109 (3)(2)
Net settlement, curtailment and special termination benefit (gain) loss  — 
Non-service pension income(472)(488)(2)(2)
Total net periodic benefit (income) expense$(354)$(357)$ $— 
 
Pension Benefits
Six Months Ended June 30,
PRB
Six Months Ended June 30,
(dollars in millions)2022202120222021
Operating expense
Service cost$236 $262 $4 $
Non-operating expense
Interest cost762 625 14 12 
Expected return on plan assets(1,778)(1,739)(11)(10)
Amortization of prior service credit(83)(84) (2)
Recognized actuarial net loss (gain)154 218 (6)(4)
Net settlement, curtailment and special termination benefit (gain) loss(6) — 
Non-service pension income(951)(977)(3)(4)
Total net periodic benefit (income) expense$(715)$(715)$1 $— 
Marketable Securities The fair value of marketable securities held in trusts was as follows:
(dollars in millions)June 30, 2022December 31, 2021
Marketable securities held in trusts$788 $965