Employee Benefits

3 Months Ended

Mar. 31, 2023

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 Plans
(Dollars in Millions)	2023			2022			2023			2022
Service cost	$	56		$	69		$	—		$	—
Interest cost		93			61			1			—
Expected return on plan assets		(137	)		(119	)		(1	)		—
Prior service cost (credit) amortization		—			(1	)		(1	)		—
Actuarial loss (gain) amortization		1			35			(2	)		(2	)
Net periodic benefit cost (a)	$	13		$	45		$	(3	)	$	(2	)

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