XML 57 R43.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Pension and other postretirement benefits (Tables)
3 Months Ended
Mar. 31, 2024
Retirement Benefits [Abstract]  
Schedule of Net Benefit Costs
The components of net periodic benefit cost (income) recognized in the Condensed Consolidated Statements of Income for the three months ended March 31 for the Pension and Other Postretirement Benefit (OPEB) Plans were:
Pension and OPEB Plans
U.S.Non-U.S.
Three months ended March 31Three months ended March 31
in $ millions2024202320242023
Service cost– – 10 
Interest cost21 24 
Expected return on assets(5)(5)(22)(23)
Amortization of:
Prior service credit– – (3)(3)
Actuarial loss– 
Settlement gain (i)– – (3)– 
Net periodic benefit cost (ii) (iii)
(i)     Settlement gain of $3 million relates to pension plans divested as part of the sale of the Company's Lime operations in Europe and is included in gain on divestitures, within Other nonoperating income, net.
(ii) Includes net periodic benefit cost of $1 million and $1 million related to OPEB plans for the three months ended March 31, 2024 and March 31, 2023, respectively.
(iii) Service cost is included within Cost of revenues and Selling, general and administrative expenses while all other cost components are recorded within Other nonoperating income, net.