Employee Benefit Plans

3 Months Ended

Mar. 31, 2022

Retirement Benefits [Abstract]

Employee Benefit Plans

Employee Benefit Plans

The components of net periodic benefit cost, included in other operating expenses on the Company’s condensed consolidated statements of income, for the three months ended March 31, 2022 and 2021 were as follows (dollars in millions):

	Pension Benefits				Other Benefits
	Three months ended March 31,				Three months ended March 31,
	2022		2021		2022		2021
Service cost	$	4	$	4	$	1	$	1
Interest cost	1		1		—		—
Expected return on plan assets	(3)		(2)		—		—
Amortization of prior service cost (credit)	—		—		—		—
Amortization of prior actuarial losses	1		1		—		—
Net periodic benefit cost	$	3	$	4	$	1	$	1