PENSION BENEFITS (Details) - USD ($) |
3 Months Ended | 6 Months Ended | ||
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Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
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Defined Benefit Plan Disclosure [Line Items] | ||||
Settlements and curtailments | $ 68,000,000 | $ 0 | $ 68,000,000 | $ 0 |
Common stock repurchased | 100,000,000 | 300,000,000 | 0 | |
Pension Plan | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Net periodic benefit (income) cost | 85,000,000 | 140,000,000 | 240,000,000 | 285,000,000 |
Pension Plan | U.S. Plans | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Service cost | 7,000,000 | 7,000,000 | 14,000,000 | 14,000,000 |
Interest cost | 147,000,000 | 149,000,000 | 294,000,000 | 299,000,000 |
Expected return on plan assets | (289,000,000) | (281,000,000) | (578,000,000) | (562,000,000) |
Amortization of prior service (credit) cost | 0 | (2,000,000) | 0 | (4,000,000) |
Net periodic benefit (income) cost | (135,000,000) | (127,000,000) | (270,000,000) | (253,000,000) |
Pension Plan | Non-U.S. Plans | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Service cost | 1,000,000 | 3,000,000 | 2,000,000 | 6,000,000 |
Interest cost | 45,000,000 | 47,000,000 | 92,000,000 | 94,000,000 |
Expected return on plan assets | (69,000,000) | (74,000,000) | (142,000,000) | (148,000,000) |
Recognition of actuarial (gains) losses | 0 | 0 | 14,000,000 | 0 |
Net periodic benefit (income) cost | $ 45,000,000 | $ (24,000,000) | $ 34,000,000 | $ (48,000,000) |
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- Definition Amount of gain (loss) recognized in net periodic benefit (cost) credit of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of prior service cost (credit) recognized in net periodic benefit cost (credit) of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expected return (loss) recognized in net periodic benefit (cost) credit, calculated based on expected long-term rate of return and market-related value of plan assets of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of cost recognized for passage of time related to defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of net periodic benefit cost (credit) for defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of gain (loss) recognized in net periodic benefit (cost) credit from settlement and curtailment. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of cost for actuarial present value of benefits attributed to service rendered by employee for defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Equity impact of the cost of common and preferred stock that were repurchased during the period. Recorded using the cost method. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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