PENSIONS AND OTHER POSTRETIREMENT BENEFITS

6 Months Ended

Jun. 30, 2022

Retirement Benefits [Abstract]

PENSIONS AND OTHER POSTRETIREMENT BENEFITS

PENSIONS AND OTHER POSTRETIREMENT BENEFITSThe Company maintains both defined benefit pension plans and postretirement health care plans that provide medical and life insurance coverage to eligible salaried and hourly retired employees in North America and their dependents. The Company maintains international defined benefit pension plans which are either noncontributory or contributory and are funded in accordance with applicable local laws. Pension or termination benefits are based primarily on years of service and the employee's compensation.

Pension Expense

The pension expenses related to the Company’s plans consisted of the following:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
In millions	2022		2021		2022		2021
Components of Net Periodic Cost:
Service Cost	$	3	$	3	$	7	$	8
Interest Cost	3		2		6		4
Expected Return on Plan Assets	(5)		(4)		(11)		(9)
Amortization:
Actuarial Loss	1		1		2		2
Net Periodic Cost	$	2	$	2	$	4	$	5

Employer Contributions

The Company made $8 million and $15 million of contributions to its pension plans during the first six months of 2022 and 2021 respectively. In the first quarter of 2022 and 2021, the Company made a $6 million and $14 million contribution to its remaining U.S. defined benefit plan by effectively utilizing the excess balance related to the U.S. defined benefit plan terminated in 2020, respectively. Excluding this $6 million contribution, the Company expects to make contributions in the range of $10 million to $20 million for the full year of 2022.

The Company also made postretirement health care benefit payments of $1 million during the first six months of 2022. The Company expects to make approximately $2 million contributions to its postretirement health care plans for the full year of 2022.