v3.26.1
EMPLOYEE BENEFIT PLANS (Tables)
 6 Months Ended
Jun. 30, 2026
Retirement Benefits [Abstract]  
Schedule of Net Benefit Costs
Components of net periodic pension expense for the Company’s plans were as follows:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
(in millions)
Service cost$8 $7 $16 $15 
Interest cost27 28 55 56 
Expected return on assets(32)(33)(65)(67)
Prior period service cost amortization— — (1)(1)
Net amortization14 11 29 23 
Impact of settlement (1)
— — — 21 
Net periodic pension expense
$17 $13 $34 $47 
_____________
(1)During the six months ended June 30, 2025, AB settled all future obligations under their defined benefits retirement plan and transferred the remaining benefit obligations to a qualified third party insurance provider under a group annuity contract, and as a result recognized an initial non-cash settlement of approximately $21 million. The plan was formally terminated and the trust was closed effective September 30, 2025.