Pension and other postretirement benefits |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Retirement Benefits [Abstract] | |
| Pension and other postretirement benefits | Note 15. Pension and other postretirement benefits Defined benefit pension plans The Company sponsors various defined benefit pension plans for employees, which are largely closed to new entrants and frozen to future accruals, as described in Note 15 (Pension and other postretirement benefits) in our 2025 Form 10-K. Defined benefit pension plans had net periodic pension costs of $2 million for the three months ended March 31, 2026 and 2025. Other postretirement benefit plans had net periodic postretirement benefit costs of $1 million for the three months ended March 31, 2026 and 2025. Defined contribution plans The Company sponsors various defined contribution plans for U.S. and Canadian employees. Expense recognized with the defined contribution plans totaled $29 million and $27 million for the three months ended March 31, 2026 and 2025, respectively, and is included within Cost of revenues and Selling, general and administrative expenses on the unaudited condensed consolidated statements of operations. Union-sponsored multiemployer pension plans The Company participates in and contributes to various union-sponsored multiemployer pension plans for U.S. and Canadian employees. The risks of participating in multiemployer pension plans differ from single employer plans as follows: •Assets contributed to a multiemployer pension plan by one employer may be used to provide benefits to employees of other participating employers; •If a participating employer stops contributing to the plan, the unfunded obligations of the plan may be borne by the remaining participating employers; and •If the Company chooses to stop participating in one or more of the multiemployer pension plans to which it contributes, the Company may be required to pay those plans an amount based on the underfunded status of the plan, referred to as a withdrawal liability. Total contributions to union-sponsored multiemployer pension plans were $6 million for the three months ended March 31, 2026 and 2025.
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