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Retirement Plans (Tables)
6 Months Ended
Jun. 30, 2021
Pension [Member]  
Net Periodic Benefit Cost

Successor

Predecessor

Pension

Pension

For the two months

For the one month

For the three months

ended June 30,

ended April 30,

ended June 30,

($ in millions)

2021

2021

2020

Components of total pension benefit cost

Service cost

$

13 

$

8 

$

24 

Interest cost on projected benefit obligation

18 

8 

28 

Expected return on plan assets

(31)

(16)

(39)

Amortization of unrecognized loss

-

6 

30 

Net periodic pension benefit cost

-

6 

43 

Pension settlement costs

-

-

56 

Gain on disposal, net

-

-

(50)

Total pension benefit cost

$

-

$

6 

$

49 

Successor

Predecessor

Pension

Pension

For the two months

For the four months

For the six months

ended June 30,

ended April 30,

ended June 30,

($ in millions)

2021

2021

2020

Components of total pension benefit cost

Service cost

$

13 

$

32 

$

49 

Interest cost on projected benefit obligation

18 

31 

58 

Expected return on plan assets

(31)

(61)

(89)

Amortization of unrecognized loss

-

24 

47 

Net periodic pension benefit cost

-

26 

65 

Pension settlement costs

-

-

159 

Gain on disposal, net

-

-

(50)

Total pension benefit cost

$

-

$

26 

$

174 

Postretirement [Member]  
Net Periodic Benefit Cost

Successor

Predecessor

Postretirement

Postretirement

For the two months

For the one month

For the three months

ended June 30,

ended April 30,

ended June 30,

($ in millions)

2021

2021

2020

Components of net periodic postretirement benefit cost

Service cost

$

3 

$

2 

$

5 

Interest cost on projected benefit obligation

5 

2 

8 

Amortization of prior service cost (credit)

(1)

(3)

(8)

Amortization of unrecognized (gain) loss

13 

2 

1 

Net periodic postretirement benefit cost

20 

3 

6 

One-time gain on sale

-

-

(24)

Net periodic postretirement benefit cost

$

20 

$

3 

$

(18)

Successor

Predecessor

Postretirement

Postretirement

For the two months

For the four months

For the six months

ended June 30,

ended April 30,

ended June 30,

($ in millions)

2021

2021

2020

Components of net periodic postretirement benefit cost

Service cost

$

3 

$

7 

$

10 

Interest cost on projected benefit obligation

5 

9 

16 

Amortization of prior service cost (credit)

(1)

(10)

(16)

Amortization of unrecognized (gain) loss

13 

5 

3 

Net periodic postretirement benefit cost

20 

11 

13 

One-time gain on sale

-

-

(24)

Net periodic postretirement benefit cost

$

20 

$

11 

$

(11)