Employee Benefits

3 Months Ended

Mar. 31, 2022

Retirement Benefits [Abstract]

Employee Benefits

 Note 11    Employee Benefits

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

	Three Months Ended March 31
	Pension Plans						Postretirement Welfare Plan
(Dollars in Millions)	2022			2021			2022			2021
Service cost	$	69		$	66		$	—		$	—
Interest cost		61			55			—			—
Expected return on plan assets		(119	)		(112	)		—			—
Prior service cost (credit) amortization		(1	)		—			—			(1	)
Actuarial loss (gain) amortization		35			42			(2	)		(2	)
Net periodic benefit cost (a)	$	45		$	51		$	(2	)	$	(3	)

(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.