12. EMPLOYEE BENEFIT PLANS
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Components of the net periodic benefit (credit) costÌýfrom continuing operations for the three and nine months ended September 30, 2022 and 2021 were as follows (dollars in millions):
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ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation
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Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Other postretirement |
Ìý |
Ìý |
Ìý |
Defined benefit plans |
Ìý |
Ìý |
benefit plans |
Ìý |
Ìý |
Ìý |
Three months |
Ìý |
Ìý |
Three months |
Ìý |
Ìý |
Ìý |
ended |
Ìý |
Ìý |
ended |
Ìý |
Ìý |
Ìý |
September 30, |
Ìý |
Ìý |
September 30, |
Ìý |
Ìý |
Ìý |
2022 |
Ìý |
Ìý |
2021 |
Ìý |
Ìý |
2022 |
Ìý |
Ìý |
2021 |
Ìý |
Service cost |
Ìý |
$ |
11 |
Ìý |
Ìý |
$ |
12 |
Ìý |
Ìý |
$ |
1 |
Ìý |
Ìý |
$ |
1 |
Ìý |
Interest cost |
Ìý |
Ìý |
13 |
Ìý |
Ìý |
Ìý |
13 |
Ìý |
Ìý |
Ìý |
� |
Ìý |
Ìý |
Ìý |
� |
Ìý |
Expected return on assets |
Ìý |
Ìý |
(37 |
) |
Ìý |
Ìý |
(39 |
) |
Ìý |
Ìý |
� |
Ìý |
Ìý |
Ìý |
� |
Ìý |
Amortization of prior service benefit |
Ìý |
Ìý |
(2 |
) |
Ìý |
Ìý |
(2 |
) |
Ìý |
Ìý |
(1 |
) |
Ìý |
Ìý |
(1 |
) |
Amortization of actuarial loss |
Ìý |
Ìý |
12 |
Ìý |
Ìý |
Ìý |
20 |
Ìý |
Ìý |
Ìý |
� |
Ìý |
Ìý |
Ìý |
� |
Ìý |
Net periodic benefit (credit) cost |
Ìý |
$ |
(3 |
) |
Ìý |
$ |
4 |
Ìý |
Ìý |
$ |
� |
Ìý |
Ìý |
$ |
� |
Ìý |
�
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Other postretirement |
Ìý |
Ìý |
Ìý |
Defined benefit plans |
Ìý |
Ìý |
benefit plans |
Ìý |
Ìý |
Ìý |
Nine months |
Ìý |
Ìý |
Nine months |
Ìý |
Ìý |
Ìý |
ended |
Ìý |
Ìý |
ended |
Ìý |
Ìý |
Ìý |
September 30, |
Ìý |
Ìý |
September 30, |
Ìý |
Ìý |
Ìý |
2022 |
Ìý |
Ìý |
2021 |
Ìý |
Ìý |
2022 |
Ìý |
Ìý |
2021 |
Ìý |
Service cost |
Ìý |
$ |
34 |
Ìý |
Ìý |
$ |
38 |
Ìý |
Ìý |
$ |
1 |
Ìý |
Ìý |
$ |
1 |
Ìý |
Interest cost |
Ìý |
Ìý |
41 |
Ìý |
Ìý |
Ìý |
36 |
Ìý |
Ìý |
Ìý |
1 |
Ìý |
Ìý |
Ìý |
1 |
Ìý |
Expected return on assets |
Ìý |
Ìý |
(113 |
) |
Ìý |
Ìý |
(115 |
) |
Ìý |
Ìý |
� |
Ìý |
Ìý |
Ìý |
� |
Ìý |
Amortization of prior service benefit |
Ìý |
Ìý |
(4 |
) |
Ìý |
Ìý |
(4 |
) |
Ìý |
Ìý |
(3 |
) |
Ìý |
Ìý |
(3 |
) |
Amortization of actuarial loss |
Ìý |
Ìý |
36 |
Ìý |
Ìý |
Ìý |
60 |
Ìý |
Ìý |
Ìý |
1 |
Ìý |
Ìý |
Ìý |
1 |
Ìý |
Settlement loss |
Ìý |
Ìý |
� |
Ìý |
Ìý |
Ìý |
3 |
Ìý |
Ìý |
Ìý |
� |
Ìý |
Ìý |
Ìý |
� |
Ìý |
Net periodic benefit (credit) cost |
Ìý |
$ |
(6 |
) |
Ìý |
$ |
18 |
Ìý |
Ìý |
$ |
� |
Ìý |
Ìý |
$ |
� |
Ìý |
Ìý
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International
�
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Other postretirement |
Ìý |
Ìý |
Ìý |
Defined benefit plans |
Ìý |
Ìý |
benefit plans |
Ìý |
Ìý |
Ìý |
Three months |
Ìý |
Ìý |
Three months |
Ìý |
Ìý |
Ìý |
ended |
Ìý |
Ìý |
ended |
Ìý |
Ìý |
Ìý |
September 30, |
Ìý |
Ìý |
September 30, |
Ìý |
Ìý |
Ìý |
2022 |
Ìý |
Ìý |
2021 |
Ìý |
Ìý |
2022 |
Ìý |
Ìý |
2021 |
Ìý |
Service cost |
Ìý |
$ |
11 |
Ìý |
Ìý |
$ |
12 |
Ìý |
Ìý |
$ |
1 |
Ìý |
Ìý |
$ |
1 |
Ìý |
Interest cost |
Ìý |
Ìý |
13 |
Ìý |
Ìý |
Ìý |
13 |
Ìý |
Ìý |
Ìý |
� |
Ìý |
Ìý |
Ìý |
� |
Ìý |
Expected return on assets |
Ìý |
Ìý |
(37 |
) |
Ìý |
Ìý |
(39 |
) |
Ìý |
Ìý |
� |
Ìý |
Ìý |
Ìý |
� |
Ìý |
Amortization of prior service benefit |
Ìý |
Ìý |
(2 |
) |
Ìý |
Ìý |
(2 |
) |
Ìý |
Ìý |
(1 |
) |
Ìý |
Ìý |
(1 |
) |
Amortization of actuarial loss |
Ìý |
Ìý |
12 |
Ìý |
Ìý |
Ìý |
21 |
Ìý |
Ìý |
Ìý |
� |
Ìý |
Ìý |
Ìý |
� |
Ìý |
Net periodic benefit (credit) cost |
Ìý |
$ |
(3 |
) |
Ìý |
$ |
5 |
Ìý |
Ìý |
$ |
� |
Ìý |
Ìý |
$ |
� |
Ìý |
�
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Other postretirement |
Ìý |
Ìý |
Ìý |
Defined benefit plans |
Ìý |
Ìý |
benefit plans |
Ìý |
Ìý |
Ìý |
Nine months |
Ìý |
Ìý |
Nine months |
Ìý |
Ìý |
Ìý |
ended |
Ìý |
Ìý |
ended |
Ìý |
Ìý |
Ìý |
September 30, |
Ìý |
Ìý |
September 30, |
Ìý |
Ìý |
Ìý |
2022 |
Ìý |
Ìý |
2021 |
Ìý |
Ìý |
2022 |
Ìý |
Ìý |
2021 |
Ìý |
Service cost |
Ìý |
$ |
34 |
Ìý |
Ìý |
$ |
38 |
Ìý |
Ìý |
$ |
1 |
Ìý |
Ìý |
$ |
1 |
Ìý |
Interest cost |
Ìý |
Ìý |
41 |
Ìý |
Ìý |
Ìý |
36 |
Ìý |
Ìý |
Ìý |
1 |
Ìý |
Ìý |
Ìý |
1 |
Ìý |
Expected return on assets |
Ìý |
Ìý |
(113 |
) |
Ìý |
Ìý |
(115 |
) |
Ìý |
Ìý |
� |
Ìý |
Ìý |
Ìý |
� |
Ìý |
Amortization of prior service benefit |
Ìý |
Ìý |
(4 |
) |
Ìý |
Ìý |
(4 |
) |
Ìý |
Ìý |
(3 |
) |
Ìý |
Ìý |
(3 |
) |
Amortization of actuarial loss |
Ìý |
Ìý |
36 |
Ìý |
Ìý |
Ìý |
62 |
Ìý |
Ìý |
Ìý |
1 |
Ìý |
Ìý |
Ìý |
1 |
Ìý |
Settlement loss |
Ìý |
Ìý |
� |
Ìý |
Ìý |
Ìý |
3 |
Ìý |
Ìý |
Ìý |
� |
Ìý |
Ìý |
Ìý |
� |
Ìý |
Net periodic benefit (credit) cost |
Ìý |
$ |
(6 |
) |
Ìý |
$ |
20 |
Ìý |
Ìý |
$ |
� |
Ìý |
Ìý |
$ |
� |
Ìý |
Ìý
During the nine months ended September 30, 2022 and 2021, we made contributions to our pension and other postretirement benefit plans related to continuing operations of $35Ìýmillion and $41Ìýmillion, respectively. During the remainder of 2022, we expect to contribute an additional amount of approximately $10Ìýmillion to these plans.
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