v3.25.4

Retirement Benefits (Reconciliation of Net Actuarial Loss) (Details) - USD ($) $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2025 | Dec. 31, 2024 | Dec. 31, 2023
Changes in plan assets and benefit obligations recognized in other comprehensive income (loss): |  |  |
Total amount recognized as change in plan assets and benefit obligations | $ 389 | $ 400 | $ 503
Pension Benefits |  |  |
Recognized as component of net benefit (credit) cost: |  |  |
Recognized actuarial loss (gain) | 42 | 31 | 22
Net benefit (credit) cost | (168) | (240) | (214)
Post-retirement Benefits |  |  |
Recognized as component of net benefit (credit) cost: |  |  |
Recognized actuarial loss (gain) | (1) | (6) | (3)
Net benefit (credit) cost | 2 | (5) | (2)
U.S. | Pension Benefits |  |  |
Reconciliation of unrecognized net actuarial gain loss [Roll Forward] |  |  |
Beginning balance | (1,427) | (1,347) |
Recognized as component of net benefit (credit) cost: |  |  |
Recognized actuarial loss (gain) | 24 | 21 | 19
Net benefit (credit) cost | (14) | (32) | (32)
Changes in plan assets and benefit obligations recognized in other comprehensive income (loss): |  |  |
Liability experience | (63) | 107 |
Asset experience | 30 | (208) |
Total amount recognized as change in plan assets and benefit obligations | (33) | (101) |
Ending balance | (1,436) | (1,427) | (1,347)
U.S. | Post-retirement Benefits |  |  |
Reconciliation of unrecognized net actuarial gain loss [Roll Forward] |  |  |
Beginning balance | 2 | 4 |
Recognized as component of net benefit (credit) cost: |  |  |
Recognized actuarial loss (gain) | 0 | (1) | (2)
Net benefit (credit) cost | 1 | 0 | (1)
Changes in plan assets and benefit obligations recognized in other comprehensive income (loss): |  |  |
Liability experience | (3) | (2) |
Asset experience | 0 | 0 |
Total amount recognized as change in plan assets and benefit obligations | (3) | (2) |
Ending balance | (1) | 2 | 4
Non-U.S. | Pension Benefits |  |  |
Reconciliation of unrecognized net actuarial gain loss [Roll Forward] |  |  |
Beginning balance | (3,519) | (3,219) |
Recognized as component of net benefit (credit) cost: |  |  |
Recognized actuarial loss (gain) | 18 | 10 | 3
Net benefit (credit) cost | (154) | (208) | (182)
Amortization of net gain (loss) | 18 | 10 |
Effect of settlement | 10 | 2 |
Total recognized as component of net benefit cost (credit) | 28 | 12 |
Changes in plan assets and benefit obligations recognized in other comprehensive income (loss): |  |  |
Liability experience | 244 | 423 |
Asset experience | (373) | (831) |
Total amount recognized as change in plan assets and benefit obligations | (129) | (408) |
Exchange rate adjustments | (277) | 96 |
Ending balance | (3,897) | (3,519) | (3,219)
Non-U.S. | Post-retirement Benefits |  |  |
Reconciliation of unrecognized net actuarial gain loss [Roll Forward] |  |  |
Beginning balance | 3 | 17 |
Recognized as component of net benefit (credit) cost: |  |  |
Recognized actuarial loss (gain) | (1) | (5) | (1)
Net benefit (credit) cost | 1 | (5) | (1)
Amortization of net gain (loss) | (1) | (5) |
Effect of settlement | 0 | 0 |
Total recognized as component of net benefit cost (credit) | (1) | (5) |
Changes in plan assets and benefit obligations recognized in other comprehensive income (loss): |  |  |
Liability experience | 1 | (9) |
Asset experience | 0 | 0 |
Total amount recognized as change in plan assets and benefit obligations | 1 | (9) |
Exchange rate adjustments | 0 | 0 |
Ending balance | $ 3 | $ 3 | $ 17

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