PENSION AND OTHER POSTRETIREMENT BENEFIT PLANSThe Company's net periodic benefit cost includes the following components for the three months ended June 30 (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pension Benefits | | Other Postretirement Benefits | | Affected Line Item in the Statements of Consolidated Operations | | | 2025 | | 2024 | | 2025 | | 2024 | | | Service cost | | $ | 32 | | | $ | 34 | | | $ | 1 | | | $ | 2 | | | Salaries and related costs | Interest cost | | 61 | | | 58 | | | 8 | | | 9 | | | Miscellaneous, net | Expected return on plan assets | | (68) | | | (69) | | | — | | | (1) | | | Miscellaneous, net | Amortization of unrecognized (gain) loss | | (2) | | | 5 | | | (8) | | | (6) | | | Miscellaneous, net | Amortization of prior service credit | | — | | | — | | | (22) | | | (24) | | | Miscellaneous, net | | | | | | | | | | | | Total | | $ | 23 | | | $ | 28 | | | $ | (20) | | | $ | (20) | | | |
The Company's net periodic benefit cost includes the following components for the six months ended June 30 (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pension Benefits | | Other Postretirement Benefits | | Affected Line Item in the Statements of Consolidated Operations | | | 2025 | | 2024 | | 2025 | | 2024 | | | Service cost | | $ | 64 | | | $ | 68 | | | $ | 3 | | | $ | 3 | | | Salaries and related costs | Interest cost | | 121 | | | 115 | | | 16 | | | 19 | | | Miscellaneous, net | Expected return on plan assets | | (136) | | | (138) | | | (1) | | | (1) | | | Miscellaneous, net | Amortization of unrecognized (gain) loss | | (3) | | | 10 | | | (15) | | | (13) | | | Miscellaneous, net | Amortization of prior service credit | | — | | | — | | | (43) | | | (47) | | | Miscellaneous, net | | | | | | | | | | | | Total | | $ | 46 | | | $ | 55 | | | $ | (41) | | | $ | (39) | | | |
During the three and six months ended June 30, 2025, the Company contributed $59 million to its U.S. domestic tax-qualified defined benefit pension plans.
|