Employee Benefits

9 Months Ended

Sep. 30, 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 September 30												Nine Months Ended September 30
	Pension Plans						Postretirement Welfare Plan						Pension Plans						Postretirement Welfare Plan
(Dollars in Millions)	2022			2021			2022			2021			2022			2021			2022			2021
Service cost	$	69		$	66		$	—		$	—		$	206		$	198		$	—		$	—
Interest cost		62			54			—			1			185			164			—			1
Expected return on plan assets		(119	)		(112	)		—			—			(358	)		(337	)		—			—
Prior service cost (credit) amortization		(1	)		—			—			(1	)		(2	)		(1	)		(2	)		(3	)
Actuarial loss (gain) amortization		35			42			(2	)		(2	)		105			127			(5	)		(5	)
Net periodic benefit cost (a)	$	46		$	50		$	(2	)	$	(2	)	$	136		$	151		$	(7	)	$	(7	)

(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.