v3.26.3
Employee Benefits
 9 Months Ended
Sep. 30, 2026
Retirement Benefits [Abstract]  
Employee Benefits EMPLOYEE BENEFITS
Pension and other defined contribution retirement plan expenses included the following components:
(DOLLARS IN MILLIONS)U.S. Plans
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Interest cost on projected benefit obligation(1)
$1 $1 $2 $2 
Net amortization and deferrals— (1)1 — 
Net periodic benefit cost - total $1 $— $3 $2 
(DOLLARS IN MILLIONS)Non-U.S. Plans
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Service cost for benefits earned(2)
$5 $6 $15 $15 
Interest cost on projected benefit obligation(1)
9 8 26 25 
Expected return on plan assets(1)
(14)(12)(43)(35)
Net amortization and deferrals(1)
2 — 5 2 
Net periodic benefit cost - total$2 $2 $3 $7 
_______________________
(1)Included as a component of Other expense, net.
(2)Included as a component of Operating profit.
On a total Company basis, the Company expects to contribute a total of $5 million to its U.S. pension plans and a total of $17 million to its non-U.S. pension plans during 2026. During the nine months ended September 30, 2026, $3 million of contributions were made with respect to the Company’s non-qualified U.S. pension plans and $11 million of contributions were made to the non-U.S. pension plans.
Expense recognized for post-retirement benefits other than pensions included the following components:
Three Months Ended September 30,Nine Months Ended September 30,
(DOLLARS IN MILLIONS)2026202520262025
Interest cost on projected benefit obligation$1 $1 $2 $2 
Net amortization and deferrals— — — (1)
Postretirement benefit expense - total $1 $1 $2 $1 
The Company expects to make $4 million of payments related to its postretirement benefits other than pension plans during 2026. In the nine months ended September 30, 2026, $2 million of benefit payments were made.