Note 8 - Employee Retirement Plans

3 Months Ended

Mar. 31, 2024

Notes to Financial Statements

Retirement Benefits [Text Block]

8. Employee Retirement Plans

The following table presents the components of net periodic pension and postretirement benefit expense (income) for employee retirement plans, which other than the service cost component is recorded in other income, net in the consolidated statements of income (in millions):

	Pension benefits						Postretirement benefits
	Three months ended						Three months ended
	March 31,						March 31,
	2024			2023			2024			2023
Service cost	$	23		$	23		$	1		$	1
Interest cost		46			45			5			6
Expected return on plan assets		(48	)		(46	)
Amortization of actuarial net gain								(5	)		(5	)
Amortization of prior service cost (credit)		1			2			(2	)		(1	)
Total pension and postretirement benefit expense (income)	$	22		$	24		$	(1	)	$	1