v3.26.3
EMPLOYEE BENEFIT PLANS (Tables)
 9 Months Ended
Sep. 30, 2026
Retirement Benefits [Abstract]  
Schedule of Net Benefit Costs
Components of net periodic pension expense for the Company’s plans were as follows:
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
(in millions)
Service cost$8 $9 $24 $24 
Interest cost19 28 74 84 
Expected return on assets(32)(33)(97)(100)
Prior period service cost amortization(1)(1)(2)(2)
Net amortization15 20 44 43 
Impact of settlement (1)
— (3)— 18 
Net periodic pension expense
$9 $20 $43 $67 
_____________
(1)During the nine months ended September 30, 2025, AB settled all future obligations under their defined benefits retirement plan and transferred the remaining benefit obligations to a qualified third party insurance provider under a group annuity contract, and as a result recognized a final settlement charge, net of true-up amount of $3 million, of approximately $18 million. The plan was formally terminated and the trust was closed effective September 30, 2025.