XML 62 R48.htm IDEA: XBRL DOCUMENT v3.22.2.2
Employee Benefits and Expenses (Tables)
 9 Months Ended
Sep. 30, 2022
Retirement Benefits [Abstract]  
Net Periodic Benefit Cost Table 18.1 presents the components of net periodic benefit cost. The expected long-term rate of return on plan assets and interest cost discount rate in determining net periodic benefit cost for third quarter 2022 were 5.34% and 4.48%, respectively. Service cost is reported in personnel expense and all other components of net periodic benefit cost are reported in other noninterest expense on the consolidated statement of income.
Table 18.1: Net Periodic Benefit Cost
20222021
Pension benefits Pension benefits 
(in millions)Qualified 
Non- 
qualified 
Other 
benefits 
Qualified 
Non- 
qualified 
Other 
benefits 
Quarter ended September 30,
Service cost$5 — — 4 — — 
Interest cost95 3 1 77 3 2 
Expected return on plan assets(119)— (5)(150)— (5)
Amortization of net actuarial loss (gain)34 3 (6)31 4 (5)
Amortization of prior service credit— — (2)— — (2)
Settlement loss48 — — 35 — — 
Net periodic benefit cost
$63 6 (12)(3)7 (10)
Nine months ended September 30,
Service cost$15 — — 13 — — 
Interest cost244 8 6 219 9 8 
Expected return on plan assets(384)— (16)(456)— (14)
Amortization of net actuarial loss (gain)100 9 (17)106 11 (15)
Amortization of prior service credit — — (7)— — (7)
Settlement loss157 1 — 97 2 — 
Net periodic benefit cost
$132 18 (34)(21)22 (28)