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PENSION AND OTHER POSTRETIREMENT BENEFITS - Balance Sheet Impact (Details) - USD ($) $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2024 | Dec. 31, 2023 | Dec. 31, 2022
Change in plan assets |  |  |
Postretirement benefit obligations other than pensions | $ (112) | $ (134) |
Pension ongoing income—non-service | U.S. Plans |  |  |
Change in benefit obligation |  |  |
Benefit obligation at beginning of year | 12,792 | 13,290 |
Service cost | 28 | 29 | $ 86
Interest cost | 599 | 645 | 380
Plan amendments | 0 | 0 |
Actuarial (gains) losses | (579) | 337 |
Benefits paid | (1,069) | (1,509) |
Settlements and curtailments | 0 | 0 |
Foreign currency translation | 0 | 0 |
Other | 1 | 0 |
Benefit obligation at end of year | 11,772 | 12,792 | 13,290
Change in plan assets |  |  |
Fair value of plan assets at beginning of year | 16,594 | 17,005 |
Actual return on plan assets | 1,008 | 1,070 |
Company contributions | 31 | 28 |
Benefits paid | (1,069) | (1,509) |
Foreign currency translation | 0 | 0 |
Other | 1 |  |
Fair value of plan assets at end of year | 16,565 | 16,594 | 17,005
Funded status of plans | 4,793 | 3,802 |
Prepaid pension benefit cost | 5,029 | 4,052 |
Accrued pension liabilities - current | (28) | (26) |
Accrued pension liabilities - noncurrent | (208) | (224) |
Net amount recognized | 4,793 | 3,802 |
Pension ongoing income—non-service | Non-U.S. Plans |  |  |
Change in benefit obligation |  |  |
Benefit obligation at beginning of year | 4,718 | 4,400 |
Service cost | 12 | 11 | 19
Interest cost | 191 | 200 | 103
Plan amendments | 14 | 0 |
Actuarial (gains) losses | (393) | 191 |
Benefits paid | (262) | (250) |
Settlements and curtailments | (14) | 0 |
Foreign currency translation | (106) | 165 |
Other | 1 | 1 |
Benefit obligation at end of year | 4,161 | 4,718 | 4,400
Change in plan assets |  |  |
Fair value of plan assets at beginning of year | 5,549 | 5,304 |
Actual return on plan assets | (111) | 267 |
Company contributions | 29 | 22 |
Benefits paid | (262) | (250) |
Foreign currency translation | (101) | 205 |
Other | 1 | 1 |
Fair value of plan assets at end of year | 5,105 | 5,549 | 5,304
Funded status of plans | 944 | 831 |
Prepaid pension benefit cost | 1,431 | 1,335 |
Accrued pension liabilities - current | (15) | (15) |
Accrued pension liabilities - noncurrent | (472) | (489) |
Net amount recognized | 944 | 831 |
Other Postretirement Benefits |  |  |
Change in benefit obligation |  |  |
Benefit obligation at beginning of year | 116 | 133 |
Service cost | 0 | 0 |
Interest cost | 5 | 6 | 5
Plan amendments | 0 | 0 |
Actuarial (gains) losses | (7) | 3 |
Benefits paid | (16) | (26) |
Benefit obligation at end of year | 98 | 116 | 133
Change in plan assets |  |  |
Fair value of plan assets at beginning of year | 0 | 0 |
Actual return on plan assets | 0 | 0 |
Company contributions | 0 | 0 |
Benefits paid | 0 | 0 |
Fair value of plan assets at end of year | 0 | 0 | $ 0
Funded status of plans | (98) | (116) |
Accrued pension liabilities - current | (11) | (12) |
Postretirement benefit obligations other than pensions | (87) | (104) |
Net amount recognized | (98) | (116) |
Foreign plans excluded from postretirement benefits other than pensions | $ 25 | $ 30 |

X
- Definition The amount of payments made for which participants are entitled under a pension plan, including pension benefits, death benefits, and benefits due on termination of employment. Also includes payments made under a postretirement benefit plan, including prescription drug benefits, health care benefits, life insurance benefits, and legal, educational and advisory services. This item represents a periodic decrease to plan assets. + References No definition available. + Details
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- Definition The amount of payments made for which participants are entitled under a pension plan, including pension benefits, death benefits, and benefits due on termination of employment. Also includes payments made under a postretirement benefit plan, including prescription drug benefits, health care benefits, life insurance benefits, and legal, educational and advisory services. This item represents a periodic decrease to the plan obligations and a decrease to plan assets. + References No definition available. + Details
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