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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] 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
June 30,		 Six Months Ended
June 30,
(In millions) 2023 2022 2023 2022
Service cost $ 8Ìý $ 12Ìý $ 16Ìý $ 24Ìý
Interest cost 58Ìý 31Ìý 117Ìý 63Ìý
Expected return on plan assets (78) (92) (157) (184)
Amortization:
Prior service costs 4Ìý —Ìý 8Ìý —Ìý
Net actuarial loss 1Ìý 3Ìý 2Ìý 7Ìý
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 $ 3Ìý $ 10Ìý $ 5Ìý $ 21Ìý
Interest cost 16Ìý 20Ìý 32Ìý 40Ìý
Expected return on plan assets (10) (9) (21) (19)
Amortization:
Prior service credits (4) —Ìý (8) —Ìý
Net actuarial gain (37) (3) (73) (6)
Net periodic benefit costs (credits) $ (32) $ 18Ìý $ (65) $ 36Ìý
Based on funding requirements, we made no defined benefit pension contributions for the three and six months ended JuneÌý30, 2023 and JuneÌý30, 2022. Based on funding requirements, we made no contributions to our voluntary employee benefit association trust plans for the three and six months ended JuneÌý30, 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 JuneÌý30, 2022, respectively.