Retirement Plans

3 Months Ended

Mar. 31, 2022

Retirement Benefits [Abstract]

Retirement Plans

8. Retirement Plans

Components of net periodic benefit cost consisted of the following:

	Three Months Ended March 31,
	2022		2021
	(In millions)
Service cost	$	13	$	14
Interest cost (a)	16		14
Expected return on plan assets (a)	(53)		(50)
Amortization of unrecognized net actuarial losses (a)	3		15
Settlement loss (a)	—		1
Net periodic benefit cost (income) (a)	$	(21)	$	(6)

(a)  Net non-service cost included in Other, net in the Statement of Consolidated Income for the three months ended March 31, 2022 was income of $34 million (2021: income of $20 million).

In 2022, we expect to contribute approximately $45 million to our funded pension plans.