v3.26.1
PENSIONS AND OTHER POSTRETIREMENT BENEFITS
6 Months Ended
Jun. 30, 2026
Postemployment Benefits [Abstract]  
PENSIONS AND OTHER POSTRETIREMENT BENEFITS
NOTE 8 - PENSIONS AND OTHER POSTRETIREMENT BENEFITS
We offer benefits through defined benefit pension plans, defined contribution pension plans and OPEB plans to a significant portion of our employees and retirees. Benefits are also provided through multiemployer plans for certain union members.
The following are the components of defined benefit pension and OPEB costs (credits):
DEFINED BENEFIT PENSION COSTS (CREDITS)
Three Months Ended
June 30,
Six Months Ended
June 30,
(In millions)2026202520262025
Service cost$7 $$14 $14 
Interest cost45 52 90 105 
Expected return on plan assets(82)(80)(163)(159)
Amortization:
Prior service costs5 9 
Net actuarial gain(5)(2)(9)(4)
Net periodic benefit credits$(30)$(18)$(59)$(35)
OPEB COSTS (CREDITS)
Three Months Ended
June 30,
Six Months Ended
June 30,
(In millions)2026202520262025
Service cost$1 $$3 $
Interest cost15 15 29 29 
Expected return on plan assets(11)(10)(22)(21)
Termination benefits1
 15  15 
Amortization:
Prior service credits(3)(4)(6)(7)
Net actuarial gain(28)(34)(56)(67)
Net periodic benefit credits$(26)$(16)$(52)$(47)
Based on funding requirements, we made $3 million and $16 million of defined benefit pension contributions for the three and six months ended June 30, 2026, respectively, and we made $14 million and $29 million of defined benefit pension contributions for the three and six months ended June 30, 2025, respectively. Based on funding requirements, we made no contributions to our voluntary employee benefit association trust plans for both the three and six months ended June 30, 2026 and 2025.