v3.26.1
PENSION BENEFITS (Tables)
6 Months Ended
Jun. 30, 2026
Pension  
Schedule of Components of Net Periodic Benefit Cost

The net periodic benefit cost for pension benefits includes the following components:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

(in millions)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Service cost

 

$

4

 

 

$

9

 

 

$

17

 

 

$

18

 

Interest cost

 

 

7

 

 

 

14

 

 

 

30

 

 

 

29

 

Expected return on assets

 

 

(11

)

 

 

(20

)

 

 

(47

)

 

 

(41

)

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

Prior service cost

 

 

1

 

 

 

1

 

 

 

3

 

 

 

3

 

Actuarial loss

 

 

 

 

 

 

 

 

1

 

 

 

1

 

Curtailment gain

 

 

(5

)

 

 

 

 

 

(5

)

 

 

 

Settlement charge

 

 

5

 

 

 

 

 

 

5

 

 

 

 

Net periodic benefit cost

 

$

1

 

 

$

4

 

 

$

4

 

 

$

10