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Benefit Plans
9 Months Ended
Sep. 30, 2024
Retirement Benefits [Abstract]  
Benefit Plans Benefit Plans
The components of net periodic pension cost (benefit) are presented in the following table.
Periods ended September 30Three MonthsNine Months
(In millions)2024202320242023
Net periodic pension cost (benefit)
Interest cost on projected benefit obligation$21 $25 $65 $74 
Expected return on plan assets(29)(29)(87)(89)
Amortization of net actuarial loss21 24 
Pension settlement transaction loss (gain) — — 
Total net periodic pension cost (benefit)$$$$
The following table indicates the line items in which the non-service cost (benefit) is presented in the Condensed Consolidated Statements of Operations.
Periods ended September 30Three MonthsNine Months
(In millions)2024202320242023
Non-Service Cost (Benefit):
Insurance claims and policyholder's benefits$$$$
Other operating expenses
Total net periodic pension cost (benefit)$$$$
In the third quarter of 2024, a subsidiary of CNAF, as a sponsor of the CNA Canada Employee Pension Plan (the Canada Plan), purchased a nonparticipating single premium group annuity contract, under which the defined benefit pension obligation of the Canada Plan was transferred in full to an insurance company counterparty. As a result of the transaction, the Company recognized a one-time, non-cash, pretax pension settlement charge of $4 million ($3 million after-tax).