Benefit Plans (Tables)

6 Months Ended

Jun. 30, 2022

Retirement Benefits [Abstract]

Components of pension and other employee benefit costs

Pension and other employee benefit costs per the condensed consolidated statements of earnings consisted of the following:

	For the Six Months Ended June 30,				For the Three Months Ended June 30,
(in millions)	2022		2021		2022		2021
Net pension costs (income)	$	(49)	$	(2)	$	(24)	$	(1)
Net postemployment costs	54		53		27		25
Net postretirement costs	4		4		2		3
Total pension and other employee benefit costs	$	9	$	55	$	5	$	27

Components of net periodic benefit cost

Net periodic pension cost consisted of the following:

	Pension (1)
	For the Six Months Ended June 30,				For the Three Months Ended June 30,
(in millions)	2022		2021		2022		2021
Service cost	$	119	$	147	$	59	$	72
Interest cost	38		25		18		12
Expected return on plan assets	(180)		(186)		(88)		(91)
Amortization:
Net loss	94		158		46		78
Prior service cost	(1)		1		—		—
Net periodic pension cost	$	70	$	145	$	35	$	71

(1) Primarily non-U.S. based defined benefit retirement plans.