v3.26.3
ACCRUED WORKERS' COMPENSATION COSTS (Tables)
 9 Months Ended
Sep. 30, 2026
Insurance [Abstract]  
Schedule of Activities in Liability for Unpaid Claims and Claims Adjustment Expenses
The following table summarizes the accrued workers’ compensation cost activity for the three and nine months ended September 30, 2026 and 2025:
Three Months Ended
September 30,
Nine Months Ended
September 30,
(in millions)
2026
2025
2026
2025
Total accrued costs, beginning of period$149 $158 $151 $158 
Incurred
Current year8 9 36 40 
Prior years3 2 (5)(6)
Total incurred11 11 31 34 
Paid
Current year(3)(3)(5)(5)
Prior years(9)(7)(29)(28)
Total paid(12)(10)(34)(33)
Total accrued costs, end of period$148 $159 $148 $159 
The following summarizes workers' compensation liabilities on the condensed consolidated balance sheets:
(in millions)
September 30, 2026
December 31, 2025
Total accrued costs, end of period$148 $151 
Collateral paid to carriers and offset against accrued costs(3)(3)
Total accrued costs, net of carrier collateral offset$145 $148 
Payable in less than 1 year
(net of collateral paid to carriers of $1 at September 30, 2026 and December 31, 2025)
42 42 
Payable in more than 1 year
(net of collateral paid to carriers of $2 at September 30, 2026 and December 31, 2025)
103 106 
Total accrued costs, net of carrier collateral offset$145 $148