v3.24.2
RETIREMENT PLANS (Tables)
 6 Months Ended
Jun. 30, 2024
Retirement Benefits [Abstract]  
Components of net periodic benefit cost
Components of net periodic benefit (credit) cost were as follows:
Second Quarter
 Pension PlansOther Postretirement Benefit Plans
2024202320242023
(Dollars in millions)U.S.Non-U.S.U.S.Non-U.S.
Service cost$6 $2 $5 $2 $— $— 
Interest cost19 6 20 7 6 6 
Expected return on assets(24)(7)(22)(7)(2)(1)
Amortization of:
Prior service credit, net— — — — (2)(6)
Net periodic benefit (credit) cost$1 $1 $3 $2 $2 $(1)
First Six Months
Pension PlansOther Postretirement Benefit Plans
2024202320242023
(Dollars in millions)U.S.Non-U.S.U.S.Non-U.S.
Service cost$11 $4 $11 $4 $— $— 
Interest cost37 12 39 14 12 13 
Expected return on assets(48)(14)(44)(13)(3)(2)
Amortization of:
Prior service credit, net— — — — (5)(13)
Net periodic benefit (credit) cost$— $2 $6 $5 $4 $(2)