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Employee Benefit Plans
3 Months Ended
Dec. 31, 2021
Compensation And Retirement Disclosure [Abstract]  
Employee Benefit Plans

E. Employee Benefit Plans

Net periodic defined benefit pension costs include the following:

 

 

 

Three Months Ended December 31

 

 

 

2021

 

 

2020

 

 

 

Pension Benefits

 

 

 

(In millions)

 

Service cost

 

$

1

 

 

$

1

 

Interest cost

 

 

1

 

 

 

1

 

Expected return on plan assets

 

 

(2

)

 

 

(2

)

Amortization of actuarial loss

 

 

 

 

 

1

 

Settlement charge(1)

 

 

 

 

 

6

 

Net periodic benefit (credit) cost

 

$

 

 

$

7

 

 

(1)            In the first quarter of fiscal 2021, the Company recognized a $6 million settlement charge in Other income (expense) in the Consolidated Statements of Operations related to the final asset transfers associated with the termination of the Company’s U.S. qualified pension plan.

 

 

Other postretirement benefit costs were less than $1 million for each of the three months ended December 31, 2021 and 2020.