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Retirement Plans
3 Months Ended
Mar. 31, 2020
Compensation And Retirement Disclosure [Abstract]  
Retirement Plans

7. Retirement Plans

Components of net periodic pension cost consisted of the following:

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2020

 

 

2019

 

 

 

(In millions)

 

Service cost

 

$

14

 

 

$

10

 

Interest cost (a)

 

 

18

 

 

 

24

 

Expected return on plan assets (a)

 

 

(45

)

 

 

(45

)

Amortization of unrecognized net actuarial losses (a)

 

 

12

 

 

 

11

 

Pension (income) expense (a)

 

$

(1

)

 

$

 

(a)  Net non-service pension cost included in Other, net in the Statement of Consolidated Income in the first quarter of 2020 was income of $15 million (2019: $10 million of income).

To preserve cash in 2020, we are minimizing non-required cash contributions to funded pension plans.  In 2020, we expect to contribute approximately $2 million to our funded pension plans.  Through March 31, 2020, we have contributed less than $1 million.