| PENSION AND POSTRETIREMENT BENEFIT PLANS The following table sets forth the components of the net periodic benefit costs for our defined benefit pension and postretirement benefit plans for the three and nine months ended September 30, 2026 and 2025:
| | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended September 30, | | Three months ended September 30, | | 2026 | | 2025 | | Pension Benefit | | Postretirement Benefit | | Pension Benefit | | Postretirement Benefit | | | | | | | | | | (in millions) | | (in millions) | | Service cost - benefits earned during the period | $ | — | | | $ | 1 | | | $ | 1 | | | $ | 1 | | | Interest cost on projected benefit obligation | 3 | | | 1 | | | 4 | | | 1 | | | Expected return on plan assets | (6) | | | (1) | | | (6) | | | (1) | | | | | | | | | | | | | | | | | | | Settlement gain | (3) | | | — | | | — | | | — | | | | | | | | | | Amortization of net actuarial loss | — | | | (1) | | | — | | | — | | | Amortization of prior service cost credit | — | | | (1) | | | — | | | (2) | | | Net periodic benefit costs | $ | (6) | | | $ | (1) | | | $ | (1) | | | $ | (1) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | Nine months ended September 30, | | Nine months ended September 30, | | 2026 | | 2025 | | Pension Benefit | | Postretirement Benefit | | Pension Benefit | | Postretirement Benefit | | | | | | | | | | (in millions) | | (in millions) | | Service cost - benefits earned during the period | $ | 1 | | | $ | 2 | | | $ | 1 | | | $ | 2 | | | Interest cost on projected benefit obligation | 10 | | | 3 | | | 11 | | | 4 | | | Expected return on plan assets | (18) | | | (3) | | | (17) | | | (3) | | | | | | | | | | | | | | | | | | | Settlement (gain) loss | (3) | | | — | | | 1 | | | — | | | | | | | | | | Amortization of net actuarial loss | — | | | (1) | | | — | | | (1) | | | Amortization of prior service cost credit | — | | | (4) | | | — | | | (4) | | | Net periodic benefit costs | $ | (10) | | | $ | (3) | | | $ | (4) | | | $ | (2) | |
Contributions to our pension benefit plans were insignificant during the three months and nine months ended September 30, 2026 and 2025. We do not expect to need to make any contributions to our qualified pension plans to satisfy minimum funding requirements during the remainder of 2026. We expect to contribute an insignificant amount to fund our non-qualified pension benefit distributions during the remainder of 2026.
|