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Quarterly report pursuant to Section 13 or 15(d)

PENSIONS AND OTHER POSTRETIREMENT BENEFITS

v3.23.1
PENSIONS AND OTHER POSTRETIREMENT BENEFITS
 3 Months Ended
Mar. 31, 2023
Postemployment Benefits [Abstract] Ìý
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
March 31,
(In millions) 2023 2022
Service cost $ 8Ìý $ 12Ìý
Interest cost 59Ìý 32Ìý
Expected return on plan assets (79) (92)
Amortization:
Prior service costs 4Ìý —Ìý
Net actuarial loss 1Ìý 4Ìý
Net periodic benefit credits $ (7) $ (44)
OPEB COSTS (CREDITS)
Three Months Ended
March 31,
(In millions) 2023 2022
Service cost $ 2Ìý $ 11Ìý
Interest cost 16Ìý 20Ìý
Expected return on plan assets (11) (10)
Amortization:
Prior service credits (4) —Ìý
Net actuarial gain (36) (3)
Net periodic benefit costs (credits) $ (33) $ 18Ìý
Based on funding requirements, we made no defined benefit pension contributions for the three months ended MarchÌý31, 2023 and MarchÌý31, 2022. Based on funding requirements, we made no contributions to our voluntary employee benefit association trust plans for the three months ended MarchÌý31, 2023. We made contributions of $28 million to our voluntary employee benefit association trust plans for the three months ended MarchÌý31, 2022.