v3.26.1
Pension, Savings and Other Postretirement Benefit Plans
 6 Months Ended
Jun. 30, 2026
Retirement Benefits [Abstract]  
Pension, Savings and Other Postretirement Benefits Plans PENSION, SAVINGS AND OTHER POSTRETIREMENT BENEFIT PLANS
We provide employees with defined benefit pension or defined contribution savings plans.
Defined benefit pension cost follows:
U.S.U.S.
Three Months Ended
June 30,		Six Months Ended
June 30,
(In millions)2026202520262025
Service cost$2 $2 $3 $3 
Interest cost32 40 64 81 
Expected return on plan assets(44)(50)(87)(101)
Amortization of net losses21 23 43 47 
Net periodic pension cost$11 $15 $23 $30 
Net curtailments/settlements/termination benefits— — — 8 
Total defined benefit pension cost$11 $15 $23 $38 
Non-U.S.Non-U.S.
Three Months Ended
June 30,		Six Months Ended
June 30,
(In millions)2026202520262025
Service cost$3 $4 $7 $8 
Interest cost25 26 50 50 
Expected return on plan assets(22)(24)(45)(46)
Amortization of prior service cost— 1 1 1 
Amortization of net losses6 5 11 10 
Net periodic pension cost$12 $12 $24 $23 
Net curtailments/settlements/termination benefits— — — 1 
Total defined benefit pension cost$12 $12 $24 $24 
Service cost is recorded in CGS or SAG. Other components of net periodic pension cost are recorded in Other (Income) Expense. Net curtailments, settlements and termination benefits, if any, are recorded in Other (Income) Expense or Rationalizations if related to a rationalization plan.
In the first six months of 2025, a pension settlement charge of $4 million was recorded in Other (Income) Expense. The settlement charge resulted from total lump sum payments exceeding annual service and interest cost of the applicable plan. In addition, pension termination benefits charges of $4 million and $1 million were recorded related to the exit of employees under an approved rationalization plan and the sale of the OTR tire business, respectively.
We also provide certain U.S. employees and employees at certain non-U.S. subsidiaries with health care benefits or life insurance benefits upon retirement. There was no net other postretirement benefits expense for the three and six months ended June 30, 2026 and 2025.
We expect to contribute approximately $25 million to our funded non-U.S. pension plans in 2026. For the three and six months ended June 30, 2026, we contributed $6 million and $9 million, respectively, to our non-U.S. plans.
The expense recognized for our contributions to defined contribution savings plans for the three months ended June 30, 2026 and 2025 was $28 million and $30 million, respectively, and for the six months ended June 30, 2026 and 2025 was $57 million and $62 million, respectively.