Pensions and Other Postretirement Benefits | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, 2024 | | Three Months Ended September 30, 2023 | | Pension Benefits | | Global OPEB Plans | | Pension Benefits | | Global OPEB Plans | | U.S. | | Non-U.S. | | | U.S. | | Non-U.S. | | | Service cost | $ | 47 | | | $ | 40 | | | $ | 3 | | | $ | 44 | | | $ | 39 | | | $ | 3 | | | Interest cost | 533 | | | 112 | | | 56 | | | 568 | | | 184 | | | 59 | | | Expected return on plan assets | (686) | | | (116) | | | — | | | (730) | | | (192) | | | — | | | Amortization of prior service cost (credit) | 16 | | | 1 | | | — | | | (1) | | | 1 | | | — | | | Amortization of net actuarial (gains) losses | 2 | | | 12 | | | — | | | — | | | 8 | | | (6) | | | | | | | | | | | | | | | | | | | | | | | | | | | Net periodic pension and OPEB (income) expense | $ | (88) | | | $ | 49 | | | $ | 59 | | | $ | (119) | | | $ | 40 | | | $ | 56 | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Nine Months Ended September 30, 2024 | | Nine Months Ended September 30, 2023 | | Pension Benefits | | Global OPEB Plans | | Pension Benefits | | Global OPEB Plans | | U.S. | | Non-U.S. | | | U.S. | | Non-U.S. | | | Service cost | $ | 141 | | | $ | 110 | | | $ | 8 | | | $ | 131 | | | $ | 123 | | | $ | 7 | | | Interest cost | 1,599 | | | 373 | | | 170 | | | 1,704 | | | 521 | | | 177 | | | Expected return on plan assets | (2,056) | | | (384) | | | — | | | (2,190) | | | (544) | | | — | | | Amortization of prior service cost (credit) | 46 | | | 3 | | | (1) | | | (2) | | | 2 | | | (1) | | | Amortization of net actuarial (gains) losses | 6 | | | 35 | | | — | | | — | | | 25 | | | (17) | | | | | | | | | | | | | | | Net periodic pension and OPEB (income) expense | $ | (264) | | | $ | 137 | | | $ | 177 | | | $ | (357) | | | $ | 127 | | | $ | 166 | |
The non-service cost components of net periodic pension and other postretirement benefits (OPEB) income presented in Interest income and other non-operating income, net are insignificant in the three months ended September 30, 2024 and 2023 and $149 million and $258 million in the nine months ended September 30, 2024 and 2023.
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