Employee Benefits

9 Months Ended

Sep. 30, 2021

Retirement Benefits [Abstract]

Employee Benefits

15. Employee Benefits

Pension Plans

The components of net pension cost (benefit) for all funded and unfunded plans are recorded in Other expense and are summarized in the following table. For more information on our Pension Plans and Other Postretirement Benefit Plans, see Note 18 (“Employee Benefits”) beginning on page 164 of our 2020 Form 10-K.

	Three months ended September 30,				Nine months ended September 30,
Dollars in millions	2021		2020		2021		2020
Interest cost on PBO	$	6	$	9	$	18	$	26
Expected return on plan assets	(7)		(10)		(21)		(29)
Amortization of losses	5		5		14		13
Settlement loss	7		—		7		8
Net pension cost	$	11	$	4	$	18	$	18