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EMPLOYEE BENEFIT PLANS
 9 Months Ended
Sep. 30, 2026
Retirement Benefits [Abstract]  
EMPLOYEE BENEFIT PLANS EMPLOYEE BENEFIT PLANS
We sponsor defined benefit and defined contribution pension plans, healthcare plans, and disability and survivorship plans for eligible employees and retirees and their eligible family members.

Employee benefit plans net periodic cost
Pension Benefits(1)
Other Postretirement and Postemployment Benefits
(in millions)2026202520262025
Three Months Ended September 30,
Service cost$140 $95 $36 $33 
Interest cost202 208 43 45 
Expected return on plan assets(289)(267)(1)— 
Amortization of prior service credit— — (1)(1)
Recognized net actuarial loss35 51 8 5 
Net periodic cost$88 $87 $85 $82 
Nine Months Ended September 30,
Service cost$197 $125 $109 $99 
Interest cost607 623 128 135 
Expected return on plan assets(866)(800)(2)(1)
Amortization of prior service credit— — (3)(3)
Recognized net actuarial loss104 151 22 15 
Net periodic cost$42 $99 $254 $245 
(1)Service cost relates to the market based cash balance plan. Our traditional benefit plans are frozen and there is no service cost.

Service cost is recorded in salaries and related costs in our income statement, while all other components are recorded within miscellaneous, net under non-operating expense.
We also sponsor defined benefit pension plans for eligible employees in certain foreign countries which have immaterial obligations. These plans are not included in the net periodic cost table above.