ÐÇ¿Õ´«Ã½

Quarterly report pursuant to Section 13 or 15(d)

PENSIONS AND OTHER POSTRETIREMENT BENEFITS

v3.23.3
PENSIONS AND OTHER POSTRETIREMENT BENEFITS
 9 Months Ended
Sep. 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
September 30,		 Nine Months Ended
September 30,
(In millions) 2023 2022 2023 2022
Service cost $ 8Ìý $ 11Ìý $ 24Ìý $ 35Ìý
Interest cost 59Ìý 32Ìý 176Ìý 95Ìý
Expected return on plan assets (79) (93) (236) (277)
Amortization:
Prior service costs 5Ìý 1Ìý 13Ìý 1Ìý
Net actuarial loss —Ìý 4Ìý 2Ìý 11Ìý
Net periodic benefit credits $ (7) $ (45) $ (21) $ (135)
OPEB COSTS (CREDITS)
Three Months Ended
September 30,		 Nine Months Ended
September 30,
(In millions) 2023 2022 2023 2022
Service cost $ 2Ìý $ 11Ìý $ 7Ìý $ 32Ìý
Interest cost 15Ìý 19Ìý 47Ìý 59Ìý
Expected return on plan assets (10) (10) (31) (29)
Amortization:
Prior service costs (credits) (4) 1Ìý (12) 1Ìý
Net actuarial gain (36) (3) (109) (9)
Net periodic benefit costs (credits) $ (33) $ 18Ìý $ (98) $ 54Ìý
Based on funding requirements, we made nominal defined benefit pension contributions for the three and nine months ended SeptemberÌý30, 2023. Based on funding requirements, we made $1 million of defined benefit pension contributions for both the three and nine months ended SeptemberÌý30, 2022. Based on funding requirements, we made no contributions to our VEBA trust plans for the three and nine months ended SeptemberÌý30, 2023. We made contributions of $24 million and $80 million to our VEBA trust plans for the three and nine months ended SeptemberÌý30, 2022, respectively.