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Quarterly report pursuant to Section 13 or 15(d)

PENSIONS AND OTHER POSTRETIREMENT BENEFITS (Tables)

v3.24.2
PENSIONS AND OTHER POSTRETIREMENT BENEFITS (Tables)
 6 Months Ended
Jun. 30, 2024
Postemployment Benefits [Abstract] Ìý
Schedule of Net Benefit Costs
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) 2024 2023 2024 2023
Service cost $ 7Ìý $ 8Ìý $ 14Ìý $ 16Ìý
Interest cost 54Ìý 58Ìý 109Ìý 117Ìý
Expected return on plan assets (80) (78) (160) (157)
Amortization:
Prior service costs 4Ìý 4Ìý 8Ìý 8Ìý
Net actuarial loss —Ìý 1Ìý —Ìý 2Ìý
Net periodic benefit credits $ (15) $ (7) $ (29) $ (14)
OPEB COSTS (CREDITS)
Three Months Ended
June 30,		 Six Months Ended
June 30,
(In millions) 2024 2023 2024 2023
Service cost $ 2Ìý $ 3Ìý $ 4Ìý $ 5Ìý
Interest cost 13Ìý 16Ìý 25Ìý 32Ìý
Expected return on plan assets (10) (10) (21) (21)
Termination benefits1
—Ìý —Ìý 2Ìý —Ìý
Amortization:
Prior service credits (4) (4) (8) (8)
Net actuarial gain (39) (37) (77) (73)
Net periodic benefit credits $ (38) $ (32) $ (75) $ (65)
1 The termination benefits relate to the announcement of the indefinite idle of our Weirton tinplate production plant.