v3.26.3
Pension Plans, Retirement Benefits and Savings Plans
 9 Months Ended
Sep. 30, 2026
Retirement Benefits [Abstract]  
Pension Plans, Retirement Benefits and Savings Plans PENSION PLANS, RETIREMENT BENEFITS AND SAVINGS PLANS
The following table summarizes the components of net periodic benefit cost (benefit) for the Company’s pension and postretirement benefit plans recognized in the consolidated statement of income for the three months ended September 30, 2026 and 2025.
Pension PlansPostretirement Benefit Plans
(for the three months ended September 30, in millions)2026202520262025
Net Periodic Benefit Cost (Benefit):
Service cost$30 $28 $— $— 
Non-service cost (benefit):
Interest cost on benefit obligation42 44 1 1 
Expected return on plan assets(74)(71)— — 
Amortization of unrecognized:
Prior service benefit— — — — 
Net actuarial (gain) loss 1 4 (3)(3)
Total non-service cost (benefit)(31)(23)(2)(2)
Net periodic benefit cost (benefit)$(1)$5 $(2)$(2)
The following table indicates the line items in which the respective service cost and non-service cost (benefit) are presented in the consolidated statement of income for the three months ended September 30, 2026 and 2025.
Pension PlansPostretirement Benefit Plans
(for the three months ended September 30, in millions)2026202520262025
Service Cost:
Claims and claim adjustment expenses$11 $11 $— $— 
General and administrative expenses19 17 — — 
Total service cost30 28 — — 
Non-Service Cost (Benefit):
Claims and claim adjustment expenses(12)(9)(1)(1)
General and administrative expenses(19)(14)(1)(1)
Total non-service cost (benefit)(31)(23)(2)(2)
Net periodic benefit cost (benefit)$(1)$5 $(2)$(2)
The following table summarizes the components of net periodic benefit cost (benefit) for the Company’s pension and postretirement benefit plans recognized in the consolidated statement of income for the nine months ended September 30, 2026 and 2025.
Pension PlansPostretirement Benefit Plans
(for the nine months ended September 30, in millions)2026202520262025
Net Periodic Benefit Cost (Benefit):
Service cost$90 $85 $— $— 
Non-service cost (benefit):
Interest cost on benefit obligation127 132 2 2 
Expected return on plan assets(223)(211)— — 
Amortization of unrecognized:
Prior service benefit— — (1)(1)
Net actuarial (gain) loss3 11 (8)(9)
Total non-service cost (benefit)(93)(68)(7)(8)
Net periodic benefit cost (benefit)$(3)$17 $(7)$(8)
The following table indicates the line items in which the respective service cost and non-service cost (benefit) are presented in the consolidated statement of income for the nine months ended September 30, 2026 and 2025.
Pension PlansPostretirement Benefit Plans
(for the nine months ended September 30, in millions)2026202520262025
Service Cost:
Claims and claim adjustment expenses$34 $33 $— $— 
General and administrative expenses56 52 — — 
Total service cost90 85 — — 
Non-Service Cost (Benefit):
Claims and claim adjustment expenses(35)(26)(3)(3)
General and administrative expenses(58)(42)(4)(5)
Total non-service cost (benefit)(93)(68)(7)(8)
Net periodic benefit cost (benefit)$(3)$17 $(7)$(8)