XML 79 R57.htm IDEA: XBRL DOCUMENT v3.22.4
Postretirement Benefits Other Than Pensions (Tables) - Other Postretirement Benefit Plan, Defined Benefit
12 Months Ended
Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Changes in Fair Value of Plan Assets
Changes in Fair Value of Plans’ Assets and Changes in Accumulated Postretirement Benefit Obligation for the years ended December 31, 2022 and 2021 were:
DOLLARS IN MILLIONS
20222021
Fair Value of Plans’ Assets at Beginning of Year$ $— 
Employer Contributions1.0 1.1 
Plan Participants’ Contributions0.3 0.1 
Benefits Paid(1.3)(1.2)
Fair Value of Plan Assets at End of Year— — 
Accumulated Postretirement Benefit Obligation at Beginning of Year11.2 13.7 
Service Cost0.2 0.3 
Interest Cost0.2 0.1 
Plan Participants’ Contributions0.3 0.1 
Benefits Paid(1.3)(1.2)
Actuarial Gain(2.5)(1.8)
Accumulated Postretirement Benefit Obligation at End of Year8.1 11.2 
Funded Status—Accumulated Postretirement Benefit Obligation in Excess of Plans’ Assets$(8.1)$(11.2)
Unamortized Actuarial Gain Reported in AOCI at End of Year$16.9 $17.5 
Schedule of Assumptions Used
The weighted-average discount rate and rate of increase in future compensation levels used to develop the components of the Accumulated Postretirement Benefit Obligation at December 31, 2022 and 2021 were:
20222021
Discount Rate5.08 %2.56 %
Rate of Increase in Future Compensation Levels2.20 2.20 
The weighted-average discount rate and rate of increase in future compensation levels used to develop OPEB Expense for the years ended December 31, 2022, 2021 and 2020 were:
202220212020
Weighted-average Discount Rate2.56 %1.99 %2.96 %
Service Cost Discount Rate2.79 2.06 2.94 
Interest Cost Discount Rate1.97 1.19 2.47 
Effective Rate for Interest on Service Cost2.54 — — 
Rate of Increase in Future Compensation Levels2.20 2.20 2.20 
Schedule of Comprehensive Other Postretirement Employee Benefit Expense
The components of Comprehensive OPEB (Income) Expense for the years ended December 31, 2022, 2021 and 2020 were:
DOLLARS IN MILLIONS202220212020
Service Cost Earned During the Year$0.2 $0.3 $0.2 
Interest Cost on Accumulated Postretirement Benefit Obligation0.2 0.1 0.3 
Amortization of Prior Service Credit(1.3)(1.3)(1.3)
Amortization of Accumulated Unrecognized OPEB Gain(1.8)(1.7)(1.9)
OPEB Income Recognized in Consolidated Statements of (Loss) Income(2.7)(2.6)(2.7)
Unrecognized OPEB (Gain) Loss Arising During the Year(2.5)(1.8)1.9 
Amortization of Prior Service Credit1.3 1.3 1.3 
Amortization of Accumulated Unrecognized OPEB Gain1.8 1.7 1.9 
Comprehensive OPEB (Income) Expense$(2.1)$(1.4)$2.4 
Schedule of Expected Benefit Payments
The following benefit payments (net of participant contributions), which consider expected future service, as appropriate, are expected to be paid:
DOLLARS IN MILLIONSYears Ending December 31,
202320242025202620272028-2032
Estimated Benefit Payments:
Excluding Medicare Part D Subsidy$1.0 $1.1 $1.0 $0.9 $0.8 $3.2 
Expected Medicare Part D Subsidy— — — — — — 
Net Estimated Benefit Payments$1.0 $1.1 $1.0 $0.9 $0.8 $3.2