v3.25.2
RETIREMENT BENEFIT PLANS
 6 Months Ended
Jun. 30, 2025
Retirement Benefits [Abstract]  
RETIREMENT BENEFIT PLANS RETIREMENT BENEFIT PLANS
The Company sponsors various defined contribution savings plans, primarily in the U.S., that allow employees to contribute a portion of their pre-tax and/or after-tax income in accordance with plan specified guidelines. The Company also has a number of defined benefit pension plans. Under specified conditions, the Company will make contributions to the plans and/or match a percentage of the employee contributions up to certain limits. The estimated contributions to the defined benefit pension plans for 2025 range from $5 million to $9 million, of which $2 million has been contributed through the first six months of the year.
The components of net periodic benefit income recorded in the Condensed Consolidated Statements of Operations are as follows:
Three Months Ended June 30,Six Months Ended June 30,
(in millions)2025202420252024
Service cost$1 $1 $2 $2 
Interest cost12 12 23 23 
Expected return on plan assets(11)(11)(21)(21)
Amortization of unrecognized loss— — — (1)
Net periodic benefit cost$2 $2 $4 $3 
The components of net periodic benefit cost other than the service cost component are included in Other postretirement expense, net in the Condensed Consolidated Statements of Operations.