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Note 11 - Retirement Plans and Other Postretirement Benefits
3 Months Ended
Mar. 31, 2022
Compensation And Retirement Disclosure [Abstract]  
Retirement Plans and Other Postretirement Benefits

NOTE 11: RETIREMENT PLANS AND OTHER POSTRETIREMENT BENEFITS

 

Components of the net periodic benefit cost for all major U.S. and non-U.S. defined benefit plans are as follows:

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2022

 

 

2021

 

(in millions)

 

U.S.

 

 

Non-U.S.

 

 

U.S.

 

 

Non-U.S.

 

Major defined benefit

   plans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

3

 

 

$

1

 

 

$

3

 

 

$

1

 

Interest cost

 

 

15

 

 

 

2

 

 

 

12

 

 

 

1

 

Expected return on plan assets

 

 

(44

)

 

 

(4

)

 

 

(42

)

 

 

(3

)

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior service credit

 

 

(2

)

 

 

 

 

 

(2

)

 

 

 

Actuarial loss

 

 

 

 

 

3

 

 

 

7

 

 

 

2

 

Total net pension (income) expense

 

$

(28

)

 

$

2

 

 

$

(22

)

 

$

1