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Retirement Plans (Tables)
3 Months Ended
Mar. 31, 2021
Retirement Plans [Abstract]  
Net Periodic Benefit Cost

Pension Benefits

For the three months ended

March 31,

($ in millions)

2021

2020

Components of total pension benefit cost

Service cost

$

24 

$

25 

Interest cost on projected benefit obligation

23 

30 

Expected return on plan assets

(45)

(50)

Amortization of unrecognized loss

18 

17 

Net periodic pension benefit cost

20 

22 

Pension settlement costs

-

103 

Total pension benefit cost

$

20 

$

125 

Postretirement Benefits

For the three months ended

March 31,

($ in millions)

2021

2020

Components of net periodic postretirement benefit cost

Service cost

$

5 

$

5 

Interest cost on projected benefit obligation

7 

8 

Amortization of prior service cost (credit)

(7)

(8)

Amortization of unrecognized (gain) loss

3 

2 

Net periodic postretirement benefit cost

$

8 

$

7