v3.26.1
Employee Benefits
 3 Months Ended
Mar. 31, 2026
Retirement Benefits [Abstract]  
Employee Benefits EMPLOYEE BENEFITS
Pension and other defined contribution retirement plan expenses included the following components:
(DOLLARS IN MILLIONS)U.S. Plans
Three Months Ended March 31,
20262025
Interest cost on projected benefit obligation(1)
$— $1 
Net periodic benefit cost$— $1 
(DOLLARS IN MILLIONS)Non-U.S. Plans
Three Months Ended March 31,
20262025
Service cost for benefits earned(2)
$5 $5 
Interest cost on projected benefit obligation(1)
9 9 
Expected return on plan assets(1)
(15)(11)
Net amortization and deferrals(1)
2 1 
Net periodic benefit cost$1 $4 
_______________________
(1)Included as a component of Other expense, net.
(2)Included as a component of Operating profit (loss).
The Company expects to contribute a total of $5 million to its U.S. pension plans and a total of $17 million to its non-U.S. pension plans during 2026. During the three months ended March 31, 2026, $4 million of contributions were made to the non-U.S. pension plans and $1 million of contributions were made with respect to the Company’s non-qualified U.S. pension plans.
Expense recognized for post-retirement benefits other than pensions included the following components:
 Three Months Ended March 31,
(DOLLARS IN MILLIONS)20262025
Interest cost on projected benefit obligation$1 $1 
Net amortization and deferrals— (1)
Total postretirement benefit expense$1 $— 
The Company expects to make $4 million of payments related to its postretirement benefits other than pension plans during 2026. In the three months ended March 31, 2026, $2 million of benefit payments were made.