Employee Benefits

3 Months Ended

Mar. 31, 2022

Retirement Benefits [Abstract]

Employee Benefits

EMPLOYEE BENEFITS

Pension and other defined contribution retirement plan expenses included the following components:

(DOLLARS IN MILLIONS)	U.S. Plans
	Three Months Ended March 31,
	2022		2021
Interest cost on projected benefit obligation(2)	$	4	$	3
Expected return on plan assets(2)	(5)		(5)
Net amortization and deferrals(2)	2		2
Net periodic benefit (income) cost	$	1	$	—

(DOLLARS IN MILLIONS)	Non-U.S. Plans
	Three Months Ended March 31,
	2022		2021
Service cost for benefits earned(1)	$	9	$	10
Interest cost on projected benefit obligation(2)	5		2
Expected return on plan assets(2)	(11)		(12)
Net amortization and deferrals(2)	3		5
Net periodic benefit (income) cost	$	6	$	5

_______________________

(1)Included as a component of Operating profit.

(2)Included as a component of Other income, net.

The Company expects to contribute a total of $5 million to its U.S. pension plans and a total of $33 million to its non-U.S. pension plans during 2022. During the three months ended March 31, 2022, no contributions were made to the qualified U.S. pension plans, $7 million of contributions were made to the non-U.S. pension plans, and $1 million of benefit payments were made with respect to the Company's non-qualified U.S. pension plan.

(Income) expense recognized for postretirement benefits other than pensions included the following components:

	Three Months Ended March 31,
(DOLLARS IN MILLIONS)	2022		2021
Net amortization and deferrals	$	(1)	$	(1)
Total postretirement benefit (income) expense	$	(1)	$	(1)

The Company expects to contribute $4 million to its postretirement benefits other than pension plans during 2022. In the three months ended March 31, 2022, $1 million of contributions were made.