Quarterly report pursuant to Section 13 or 15(d)

PENSIONS AND OTHER POSTRETIREMENT BENEFITS

v3.23.2
PENSIONS AND OTHER POSTRETIREMENT BENEFITS
 6 Months Ended
Jun. 30, 2023
Postemployment Benefits [Abstract]  
PENSIONS AND OTHER POSTRETIREMENT BENEFITS
NOTE 8 - PENSIONS AND OTHER POSTRETIREMENT BENEFITS
We offer defined benefit pension plans, defined contribution pension plans and OPEB plans to a significant portion of our employees and retirees. Benefits are also provided through multiemployer plans for certain union members.
The following are the components of defined benefit pension and OPEB costs (credits):
DEFINED BENEFIT PENSION COSTS (CREDITS)
Three Months Ended
June 30,		 Six Months Ended
June 30,
(In millions) 2023 2022 2023 2022
Service cost $ 8  $ 12  $ 16  $ 24 
Interest cost 58  31  117  63 
Expected return on plan assets (78) (92) (157) (184)
Amortization:
Prior service costs 4  —  8  — 
Net actuarial loss 1  3  2  7 
Net periodic benefit credits $ (7) $ (46) $ (14) $ (90)
OPEB COSTS (CREDITS)
Three Months Ended
June 30,		 Six Months Ended
June 30,
(In millions) 2023 2022 2023 2022
Service cost $ 3  $ 10  $ 5  $ 21 
Interest cost 16  20  32  40 
Expected return on plan assets (10) (9) (21) (19)
Amortization:
Prior service credits (4) —  (8) — 
Net actuarial gain (37) (3) (73) (6)
Net periodic benefit costs (credits) $ (32) $ 18  $ (65) $ 36 
Based on funding requirements, we made no defined benefit pension contributions for the three and six months ended June 30, 2023 and June 30, 2022. Based on funding requirements, we made no contributions to our voluntary employee benefit association trust plans for the three and six months ended June 30, 2023. We made contributions of $28 million and $56 million to our voluntary employee benefit association trust plans for the three and six months ended June 30, 2022, respectively.