v3.26.3
PENSIONS AND OTHER POSTRETIREMENT BENEFITS
9 Months Ended
Sep. 30, 2026
Postemployment Benefits [Abstract]  
PENSIONS AND OTHER POSTRETIREMENT BENEFITS
NOTE 8 - PENSIONS AND OTHER POSTRETIREMENT BENEFITS
We offer benefits through defined benefit pension plans, defined contribution pension plans and OPEB plans to a significant portion of our employees and retirees. Benefits are also provided through multiemployer plans for certain union members.
The following are the components of defined benefit pension and OPEB costs (credits):
DEFINED BENEFIT PENSION COSTS (CREDITS)
Three Months Ended
September 30,
Nine Months Ended
September 30,
(In millions)2026202520262025
Service cost$7 $7 $21 $21 
Interest cost45 53 135 158 
Expected return on plan assets(81)(79)(244)(238)
Amortization:
Prior service costs4 4 13 13 
Net actuarial gain(4)(2)(13)(6)
Net periodic benefit credits$(29)$(17)$(88)$(52)
OPEB COSTS (CREDITS)
Three Months Ended
September 30,
Nine Months Ended
September 30,
(In millions)2026202520262025
Service cost$2 $2 $5 $6 
Interest cost14 14 43 43 
Expected return on plan assets(11)(11)(33)(32)
Termination benefits— — — 15 
Amortization:
Prior service credits(3)(3)(9)(10)
Net actuarial gain(28)(33)(84)(100)
Net periodic benefit credits$(26)$(31)$(78)$(78)
Based on funding requirements, we made $11 million and $27 million of defined benefit pension contributions for the three and nine months ended September 30, 2026, respectively, compared to $22 million and $51 million of defined benefit pension contributions for the three and nine months ended September 30, 2025, respectively. Based on funding requirements, we made no contributions to our voluntary employee benefit association trust plans for both the three and nine months ended September 30, 2026 and 2025.