Postretirement benefits

6 Months Ended

Jun. 30, 2022

Compensation and Employee Benefit Plans [Text Block]

Postretirement benefits

The components of net pension and other postretirement benefit costs (benefits) reflected in Net income in the Consolidated statements of operations were as follows:


	Pension Benefit Plans								Other Postretirement Benefit Plans
	2022				2021				2022		2021
Three Months Ended June 30	U.S. Plans		Non-U.S. Plans		U.S. Plans		Non-U.S. Plans
(in millions of U.S. dollars)
Service cost	$	—	$	1	$	—	$	1	$	—	$	—
Non-service cost (benefit):
Interest cost	22		6		17		4		1		—
Expected return on plan assets	(71)		(11)		(63)		(11)		(1)		—
Amortization of net actuarial loss	—		—		—		1		—		—
Amortization of prior service cost	—		—		—		—		—		(6)

Settlements	—		—		—		—		—		—
Total non-service cost (benefit)	(49)		(5)		(46)		(6)		—		(6)
Net periodic benefit cost (benefit)	$	(49)	$	(4)	$	(46)	$	(5)	$	—	$	(6)


	Pension Benefit Plans								Other Postretirement Benefit Plans
	2022				2021				2022		2021
Six Months Ended June 30	U.S. Plans		Non-U.S. Plans		U.S. Plans		Non-U.S. Plans
(in millions of U.S. dollars)
Service cost	$	—	$	2	$	—	$	2	$	—	$	—
Non-service cost (benefit):
Interest cost	43		12		35		9		1		—
Expected return on plan assets	(142)		(22)		(127)		(22)		(1)		—
Amortization of net actuarial loss	—		—		—		2		—		—
Amortization of prior service cost	—		—		—		—		—		(26)

Settlements	—		—		—		—		—		—
Total non-service cost (benefit)	(99)		(10)		(92)		(11)		—		(26)
Net periodic benefit cost (benefit)	$	(99)	$	(8)	$	(92)	$	(9)	$	—	$	(26)

The line items in which the service cost and non-service cost (benefit) components of net periodic benefit cost (benefit) are included in the Consolidated statements of operations were as follows:


	Pension Benefit Plans				Other Postretirement Benefit Plans
Three Months Ended June 30	2022		2021		2022		2021
(in millions of U.S. dollars)
Service cost:
Losses and loss expenses	$	—	$	—	$	—	$	—
Administrative expenses	1		1		—		—
Total service cost	1		1		—		—
Non-service cost (benefit):
Losses and loss expenses	(5)		(4)		—		(1)
Administrative expenses	(49)		(48)		—		(5)
Total non-service cost (benefit)	(54)		(52)		—		(6)
Net periodic benefit cost (benefit)	$	(53)	$	(51)	$	—	$	(6)


	Pension Benefit Plans				Other Postretirement Benefit Plans
Six Months Ended June 30	2022		2021		2022		2021
(in millions of U.S. dollars)
Service cost:
Losses and loss expenses	$	—	$	—	$	—	$	—
Administrative expenses	2		2		—		—
Total service cost	2		2		—		—
Non-service cost (benefit):
Losses and loss expenses	(10)		(9)		—		(3)
Administrative expenses	(99)		(94)		—		(23)
Total non-service cost (benefit)	(109)		(103)		—		(26)
Net periodic benefit cost (benefit)	$	(107)	$	(101)	$	—	$	(26)