Postretirement benefits

9 Months Ended

Sep. 30, 2023

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
	2023				2022				2023		2022
Three Months Ended September 30	U.S. Plans		Non-U.S. Plans		U.S. Plans		Non-U.S. Plans
(in millions of U.S. dollars)
Service cost	$	—	$	2	$	—	$	1	$	—	$	—
Non-service cost (benefit):
Interest cost	35		9		21		5		1		—
Expected return on plan assets	(56)		(13)		(70)		(11)		—		—
Amortization of net actuarial loss	—		—		—		—		(1)		—
Amortization of prior service cost	—		—		—		—		(1)		—

Settlements	3		—		—		—		—		—
Total non-service cost (benefit)	(18)		(4)		(49)		(6)		(1)		—
Net periodic benefit cost (benefit)	$	(18)	$	(2)	$	(49)	$	(5)	$	(1)	$	—


	Pension Benefit Plans								Other Postretirement Benefit Plans
	2023				2022				2023			2022
Nine Months Ended September 30	U.S. Plans		Non-U.S. Plans		U.S. Plans		Non-U.S. Plans
(in millions of U.S. dollars)
Service cost:	$	—	$	6	$	—	$	3		$	—		$	—
Non-service cost (benefit):
Interest cost	103		27		64		17			2			1
Expected return on plan assets	(168)		(38)		(212)		(33)			(2)			(1)
Amortization of net actuarial loss	—		—		—		—			(1)			—
Amortization of prior service cost	—		—		—		—			(1)			—
Settlements	3		—		—		—			—			—
Total non-service cost (benefit)	(62)		(11)		(148)		(16)			(2)			—
Net periodic benefit cost (benefit)	$	(62)	$	(5)	$	(148)	$	(13)		$	(2)		$	—

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


	Pension Benefit Plans				Other Postretirement Benefit Plans
Three Months Ended September 30	2023		2022		2023		2022
(in millions of U.S. dollars)
Service cost:
Losses and loss expenses	$	—	$	—	$	—	$	—
Administrative expenses	2		1		—		—
Total service cost	2		1		—		—
Non-service cost (benefit):
Losses and loss expenses	(1)		(5)		—		—
Administrative expenses	(21)		(50)		(1)		—
Total non-service cost (benefit)	(22)		(55)		(1)		—
Net periodic benefit cost (benefit)	$	(20)	$	(54)	$	(1)	$	—


	Pension Benefit Plans				Other Postretirement Benefit Plans
Nine Months Ended September 30	2023		2022		2023		2022
(in millions of U.S. dollars)
Service cost:
Losses and loss expenses	$	—	$	—	$	—	$	—
Administrative expenses	6		3		—		—
Total service cost	6		3		—		—
Non-service cost (benefit):
Losses and loss expenses	(6)		(15)		—		—
Administrative expenses	(67)		(149)		(2)		—
Total non-service cost (benefit)	(73)		(164)		(2)		—
Net periodic benefit cost (benefit)	$	(67)	$	(161)	$	(2)	$	—