Employee Benefits

6 Months Ended

Jun. 30, 2020

Retirement Benefits [Abstract]

Employee Benefits

 Note 10    Employee Benefits

The components of net periodic benefit cost for the Company’s retirement plans were:    

	Three Months Ended June 30												Six Months Ended June 30
	Pension Plans						Postretirement Welfare Plan						Pension Plans						Postretirement Welfare Plan
(Dollars in Millions)	2020			2019			2020			2019			2020			2019			2020			2019
Service cost	$	59		$	48		$	–		$	–		$	118		$	96		$	–		$	–
Interest cost		59			62			–			–			117			124			1			1
Expected return on plan assets		(100	)		(96	)		(1	)		–			(201	)		(191	)		(2	)		(1	)
Prior service cost (credit) amortization		–			–			(1	)		(1	)		–			–			(2	)		(2	)
Actuarial loss (gain) amortization		33			25			(1	)		(2	)		67			49			(3	)		(3	)
Net periodic benefit cost (a)	$	51		$	39		$	(3	)	$	(3	)	$	101		$	78		$	(6	)	$	(5	)

(a) Service cost is included in employee benefits expense on the Consolidated Statement of Income. All other components are included in other noninterest expense on the Consolidated Statement of Income.