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Employee Benefit and Retirement Plans
 6 Months Ended
Jun. 30, 2023
Retirement Benefits [Abstract]  
Employee Benefit and Retirement Plans Employee Benefit and Retirement Plans
The components of pension and postretirement benefit (income) expense for the periods indicated, are as follows (in millions):
Pension Benefits
U.S.InternationalU.S.International
Three Months Ended June 30,Six Months Ended June 30,
20232022202320222023202220232022
Service cost$— $— $1 $1 $— $— $2 $2 
Interest cost12 7 4 3 23 13 8 5 
Expected return on plan assets(14)(12)(3)(1)(28)(24)(6)(3)
Amortization1 4 — — 2 8 1 1 
Settlements— — 5 — — — 5 — 
Total (income) expense$(1)$(1)$7 $3 $(3)$(3)$10 $5 
Postretirement Benefits
Three Months Ended
June 30, 		Six Months Ended
June 30,
2023202220232022
Amortization$(1)$(1)$(3)$(2)
Total income$(1)$(1)$(3)$(2)

U.K. Defined Benefit Plan

In February 2022, the Company entered into an agreement with an insurance company for a bulk annuity purchase or “buy-in” for one of its U.K. defined benefit pension plans (“U.K. Plan”), resulting in an exchange of plan assets for an annuity that matches the plan’s future projected benefit obligations (“PBO”) to covered participants.

In April 2023, the Company also completed a “buy-out” of approximately 7% of the U.K. Plan's PBO. The “buy-out” was completed by the execution of a Deed Poll Agreement and a Deed of Assignment with an insurance company. In connection with this transaction, during the second quarter, the Company recorded a pretax loss of $5 million in other (income) expense, net, in the Company's Condensed Consolidated Statement of Operations, related to the prorated recognition of previously unrecognized actuarial losses reclassified from AOCL to earnings.

The Company anticipates the “buy-out” for the remaining PBO of the U.K. plan to be completed in 2023. The non-cash settlement charge associated with this transaction is expected to be approximately £50 million to £70 million.