11. EMPLOYEE BENEFIT PLANSÌý
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Components of the net periodic benefit costÌý(credit) from continuing operations for the three and nine months ended September 30, 2023 and 2022 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 |
2023 |
Ìý |
Ìý |
2022 |
Ìý |
Ìý |
2023 |
Ìý |
Ìý |
2022 |
Ìý |
Service cost |
Ìý |
$ |
6 |
Ìý |
Ìý |
$ |
11 |
Ìý |
Ìý |
$ |
1 |
Ìý |
Ìý |
$ |
1 |
Ìý |
Interest cost |
Ìý |
Ìý |
24 |
Ìý |
Ìý |
Ìý |
13 |
Ìý |
Ìý |
Ìý |
� |
Ìý |
Ìý |
Ìý |
� |
Ìý |
Expected return on assets |
Ìý |
Ìý |
(32 |
) |
Ìý |
Ìý |
(37 |
) |
Ìý |
Ìý |
� |
Ìý |
Ìý |
Ìý |
� |
Ìý |
Amortization of prior service benefit |
Ìý |
Ìý |
(2 |
) |
Ìý |
Ìý |
(2 |
) |
Ìý |
Ìý |
(2 |
) |
Ìý |
Ìý |
(1 |
) |
Amortization of actuarial loss |
Ìý |
Ìý |
9 |
Ìý |
Ìý |
Ìý |
12 |
Ìý |
Ìý |
Ìý |
� |
Ìý |
Ìý |
Ìý |
� |
Ìý |
Net periodic benefit cost (credit) |
Ìý |
$ |
5 |
Ìý |
Ìý |
$ |
(3 |
) |
Ìý |
$ |
(1 |
) |
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 |
2023 |
Ìý |
Ìý |
2022 |
Ìý |
Ìý |
2023 |
Ìý |
Ìý |
2022 |
Ìý |
Service cost |
Ìý |
$ |
19 |
Ìý |
Ìý |
$ |
34 |
Ìý |
Ìý |
$ |
1 |
Ìý |
Ìý |
$ |
1 |
Ìý |
Interest cost |
Ìý |
Ìý |
70 |
Ìý |
Ìý |
Ìý |
41 |
Ìý |
Ìý |
Ìý |
2 |
Ìý |
Ìý |
Ìý |
1 |
Ìý |
Expected return on assets |
Ìý |
Ìý |
(95 |
) |
Ìý |
Ìý |
(113 |
) |
Ìý |
Ìý |
� |
Ìý |
Ìý |
Ìý |
� |
Ìý |
Amortization of prior service benefit |
Ìý |
Ìý |
(4 |
) |
Ìý |
Ìý |
(4 |
) |
Ìý |
Ìý |
(4 |
) |
Ìý |
Ìý |
(3 |
) |
Amortization of actuarial loss |
Ìý |
Ìý |
25 |
Ìý |
Ìý |
Ìý |
36 |
Ìý |
Ìý |
Ìý |
� |
Ìý |
Ìý |
Ìý |
1 |
Ìý |
Net periodic benefit cost (credit) |
Ìý |
$ |
15 |
Ìý |
Ìý |
$ |
(6 |
) |
Ìý |
$ |
(1 |
) |
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 |
2023 |
Ìý |
Ìý |
2022 |
Ìý |
Ìý |
2023 |
Ìý |
Ìý |
2022 |
Ìý |
Service cost |
Ìý |
$ |
6 |
Ìý |
Ìý |
$ |
11 |
Ìý |
Ìý |
$ |
1 |
Ìý |
Ìý |
$ |
1 |
Ìý |
Interest cost |
Ìý |
Ìý |
24 |
Ìý |
Ìý |
Ìý |
13 |
Ìý |
Ìý |
Ìý |
� |
Ìý |
Ìý |
Ìý |
� |
Ìý |
Expected return on assets |
Ìý |
Ìý |
(32 |
) |
Ìý |
Ìý |
(37 |
) |
Ìý |
Ìý |
� |
Ìý |
Ìý |
Ìý |
� |
Ìý |
Amortization of prior service benefit |
Ìý |
Ìý |
(2 |
) |
Ìý |
Ìý |
(2 |
) |
Ìý |
Ìý |
(2 |
) |
Ìý |
Ìý |
(1 |
) |
Amortization of actuarial loss |
Ìý |
Ìý |
9 |
Ìý |
Ìý |
Ìý |
12 |
Ìý |
Ìý |
Ìý |
� |
Ìý |
Ìý |
Ìý |
� |
Ìý |
Net periodic benefit cost (credit) |
Ìý |
$ |
5 |
Ìý |
Ìý |
$ |
(3 |
) |
Ìý |
$ |
(1 |
) |
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 |
2023 |
Ìý |
Ìý |
2022 |
Ìý |
Ìý |
2023 |
Ìý |
Ìý |
2022 |
Ìý |
Service cost |
Ìý |
$ |
19 |
Ìý |
Ìý |
$ |
34 |
Ìý |
Ìý |
$ |
1 |
Ìý |
Ìý |
$ |
1 |
Ìý |
Interest cost |
Ìý |
Ìý |
70 |
Ìý |
Ìý |
Ìý |
41 |
Ìý |
Ìý |
Ìý |
2 |
Ìý |
Ìý |
Ìý |
1 |
Ìý |
Expected return on assets |
Ìý |
Ìý |
(95 |
) |
Ìý |
Ìý |
(113 |
) |
Ìý |
Ìý |
� |
Ìý |
Ìý |
Ìý |
� |
Ìý |
Amortization of prior service benefit |
Ìý |
Ìý |
(4 |
) |
Ìý |
Ìý |
(4 |
) |
Ìý |
Ìý |
(4 |
) |
Ìý |
Ìý |
(3 |
) |
Amortization of actuarial loss |
Ìý |
Ìý |
25 |
Ìý |
Ìý |
Ìý |
36 |
Ìý |
Ìý |
Ìý |
� |
Ìý |
Ìý |
Ìý |
1 |
Ìý |
Net periodic benefit cost (credit) |
Ìý |
$ |
15 |
Ìý |
Ìý |
$ |
(6 |
) |
Ìý |
$ |
(1 |
) |
Ìý |
$ |
� |
Ìý |
Ìý
During the nine months ended September 30, 2023 and 2022, we made contributions to our pension and other postretirement benefit plans related to continuing operations of $41Ìýmillion and $35Ìýmillion, respectively. During the remainder of 2023, we expect to contribute an additional amount of approximately $9Ìýmillion to these plans.
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