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Retirement Plans (Tables)
6 Months Ended
Jun. 30, 2020
Retirement Plans [Abstract]  
Net Periodic Benefit Cost

Pension Benefits

For the three months ended

For the six months ended

June 30,

June 30,

($ in millions)

2020

2019

2020

2019

Components of total pension benefit cost

Service cost

$

24 

$

21 

$

49 

$

42 

Interest cost on projected benefit obligation

28 

32 

58 

65 

Expected return on plan assets

(39)

(43)

(89)

(86)

Amortization of unrecognized loss

30 

14 

47 

28 

Net periodic pension benefit cost

43 

24 

65 

49 

Pension settlement costs

56 

-

159 

-

One-time gain on disposal, net

(50)

-

(50)

-

Total pension benefit cost

$

49 

$

24 

$

174 

$

49 

Postretirement Benefits

For the three months ended

For the six months ended

June 30,

June 30,

($ in millions)

2020

2019

2020

2019

Components of net periodic postretirement benefit cost

Service cost

$

5 

$

5 

$

10 

$

10 

Interest cost on projected benefit obligation

8 

11 

16 

21 

Amortization of prior service cost (credit)

(8)

(3)

(16)

(4)

Amortization of unrecognized (gain) loss

1 

-

3 

(2)

Net periodic postretirement benefit cost

6 

13 

13 

25 

One-time gain on disposal, net

(24)

-

(24)

-

Total periodic postretirement benefit cost

$

(18)

$

13 

$

(11)

$

25