Employee Pension And Other Postretirement Benefits

6 Months Ended

Jun. 30, 2022

Retirement Benefits [Abstract]

Employee Pension and Other Postretirement Benefits

EMPLOYEE PENSION AND OTHER POSTRETIREMENT BENEFITS

The Company provides eligible employees defined benefit pension plans, other postretirement benefit plans, and defined contribution pension plans.

The costs of the Company's defined benefit pension plans and other postretirement benefit plans for the three and six months ended June 30, 2022 and 2021, were as follows:

	Three Months Ended June 30								Six Months Ended June 30
	Pension Benefits				Other Benefits				Pension Benefits				Other Benefits
($ in millions)	2022		2021		2022		2021		2022		2021		2022		2021
Components of Net Periodic Benefit Cost
Service cost	$	45	$	49	$	3	$	2	$	90	$	99	$	5	$	5
Interest cost	65		60		3		4		129		120		7		7
Expected return on plan assets	(148)		(138)		—		—		(298)		(276)		—		—
Amortization of prior service cost (credit)	6		4		(1)		(1)		10		8		(2)		(2)
Amortization of net actuarial loss (gain)	9		27		(1)		—		18		54		(2)		(1)
Net periodic benefit (income) cost	$	(23)	$	2	$	4	$	5	$	(51)	$	5	$	8	$	9

The Company made the following contributions to its defined benefit pension plans and other postretirement benefit plans for the six months ended June 30, 2022 and 2021:

	Six Months Ended June 30
($ in millions)	2022		2021
Pension plans
Discretionary
Qualified	$	—	$	60
Non-qualified	5		4
Other benefit plans	16		20
Total contributions	$	21	$	84

As of June 30, 2022, the Company anticipates no further significant cash contributions to its qualified defined benefit pension plans in 2022.

In March 2022, the Company concluded negotiations on one of its collective bargaining agreements, which required an amendment to one of the Company's pension plans. As a result of the amendment, the remeasurement of the plan increased the pension liability and pre-tax accumulated other comprehensive loss by approximately $97 million.