Pension and Other Postretirement Benefits

3 Months Ended

Mar. 31, 2024

Retirement Benefits [Abstract]

Pension and Other Postretirement Benefits

8. Pension and Other Postretirement Benefits

Components of net periodic cost consist of the following for the periods presented:

	Three Months Ended March 31,
	U.S. Plans				Non-U.S. Plans
	2024		2023		2024		2023
Service cost	$	1	$	—	$	1	$	1
Interest cost	3		4		2		2
Expected return on plan assets	(4)		(4)		(2)		(2)
Net periodic cost (a)	$	—	$	—	$	1	$	1

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(a)The service cost component of net periodic cost is presented within either Cost of sales or Operating expenses in the Condensed Consolidated Statements of Income. The remainder of the net periodic cost primarily net.

We anticipate that we will make cash contributions of $1 million and $4 million to our U.S. and non-U.S. pension plans in 2024. For the first quarter of 2024, we made an insignificant cash contribution to the U.S. plans and $1 million to the non-U.S. plans.

During the first quarter of 2024 and 2023, the net periodic benefit cost for the postretirement plans consisted of $1 million of interest costs and no service costs.