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Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2024

Retirement Benefits [Abstract]

Schedule of Projected Benefit Obligations, Plan Assets and Funded Status

The projected benefit obligations, plan assets and funded status of our pension plans were:

			U.S. Plans												Non-U.S. Plans
			2024						2023						2024						2023
			(in millions)
Projected benefit obligation at January 1			$	1,206					$	1,193					$	7,404					$	6,878
Service cost			3						3						59						54
Interest cost			60						64						283						303
Benefits paid			(41)						(45)						(446)						(424)
Settlements paid			(48)						(63)						(1)						—
Actuarial losses/(gains)			3						54						(271)						235
Divestitures			—						—						—						(6)
Currency			—						—						(312)						337
Other			—						—						37						27
Projected benefit obligation at December 31			1,183						1,206						6,753						7,404
Fair value of plan assets at January 1			1,277						1,265						7,907						7,389
Actual return on plan assets			8						114						42						423
Contributions			4						6						109						162
Benefits paid			(41)						(45)						(446)						(424)
Settlements paid			(48)						(63)						(1)						—
Divestitures			—						—						—						(4)
Currency			—						—						(324)						362
Other			—						—						10						(1)
Fair value of plan assets at December 31			1,200						1,277						7,297						7,907
Net pension assets at December 31			$	17					$	71					$	544					$	503

The changes in and the amount of the accrued benefit obligation of U.S. and non-U.S. plans were:

			As of December 31,
			2024						2023
			(in millions)
Accrued benefit obligation at January 1			$	205					$	233
Service cost			1						1
Interest cost			10						12
Benefits paid			(17)						(16)
Plan amendments			—						(22)
Currency			(7)						2
Actuarial gains			(9)						(5)
Accrued benefit obligation at December 31			183						205
Fair value of plan assets at January 1			70						—
Employer Contributions			14						76
Benefit Payments			(17)						(12)
Actual Return on Assets			7						6
Fair value of plan assets at December 31			$	74					$	70

Schedule of Net Pension Plan Asset (Liability)

The combined U.S. and non-U.S. pension plans resulted in a net pension asset of $561 million as of December 31, 2024 and a net pension asset of $574 million as of December 31, 2023. We recognized these amounts in our consolidated balance sheets as follows:

			As of December 31,
			2024						2023
			(in millions)
Prepaid pension assets			$	987					$	1,043
Other current liabilities			(35)						(32)
Accrued pension costs			(391)						(437)
			$	561					$	574

Schedule of Underfunded Projected Benefit Obligations, Accumulated Benefit Obligations and Fair Value of Plan Assets

Certain of our U.S. and non-U.S. plans are underfunded with accumulated benefit obligations in excess of plan assets. For these plans, the projected benefit obligations, accumulated benefit obligations and the fair value of plan assets were:

			U.S. Plans												Non-U.S. Plans
			As of December 31,												As of December 31,
			2024						2023						2024						2023
			(in millions)
Projected benefit obligation			$	24					$	25					$	557					$	646
Accumulated benefit obligation			24						25						514						594
Fair value of plan assets			2						2						157						201

Schedule of Weighted-Average Assumptions

We used the following weighted-average assumptions to determine our benefit obligations under the pension plans:

			U.S. Plans												Non-U.S. Plans
			As of December 31,												As of December 31,
			2024						2023						2024						2023
Discount rate			5.18		%				5.22		%				4.45		%				4.03		%
Rate of compensation increase			4.00		%				4.00		%				3.10		%				3.22		%

We used the following weighted-average assumptions to determine our net periodic pension cost:

			U.S. Plans																		Non-U.S. Plans
			For the Years Ended December 31,																		For the Years Ended December 31,
			2024						2023						2022						2024						2023						2022
Discount rate			5.22		%				5.55		%				3.01		%				4.03		%				4.51		%				1.74		%
Expected rate of return on plan assets			6.25		%				6.25		%				4.50		%				5.54		%				5.41		%				3.44		%
Rate of compensation increase			4.00		%				4.00		%				4.00		%				3.20		%				3.22		%				2.84		%

We used the following weighted-average assumptions to determine our postretirement benefit obligations:

			U.S. Plans												Non-U.S. Plans
			As of December 31,												As of December 31,
			2024						2023						2024						2023
Discount rate			5.70		%				5.20		%				5.77		%				5.72		%
Health care cost trend rate assumed for next year			6.50		%				6.75		%				5.04		%				5.07		%
Ultimate health care cost trend rate			5.00		%				5.00		%				4.64		%				4.63		%
Year that the rate reaches the ultimate trend rate			2031						2031						2040						2040

We used the following weighted-average assumptions to determine our net periodic postretirement health care cost:

			U.S. Plans																		Non-U.S. Plans
			For the Years Ended December 31,																		For the Years Ended December 31,
			2024						2023						2022						2024						2023						2022
Discount rate			5.20%						5.53%						2.96%						5.72%						6.07%						3.81%
Expected rate of return on plan assets			7.25%						—						—						—						—						—
Health care cost trend rate			6.50%						7.00%						5.50%						5.04%						5.98%						5.72%

Schedule of Components of Net Periodic Pension Cost

Net periodic pension cost consisted of the following:

			U.S. Plans																		Non-U.S. Plans
			For the Years Ended December 31,																		For the Years Ended December 31,
			2024						2023						2022						2024						2023						2022
			(in millions)
Service cost			$	3					$	3					$	5					$	59					$	54					$	88
Interest cost			60						64						51						283						303						172
Expected return on plan assets			(89)						(99)						(79)						(428)						(403)						(353)
Amortization:
Net loss			—						—						6						64						42						57
Prior service cost/(benefit)			1						1						1						—						(1)						(2)
Curtailment expense/(credit)			—						—						—						(1)						—						8
Settlement losses and other expenses			14						17						14						1						1						2
Net periodic pension benefit			$	(11)					$	(14)					$	(2)					$	(22)					$	(4)					$	(28)

Schedule of Fair Value of Pension Plan Assets

The fair value of pension plan assets was determined using the following fair value measurements:

						As of December 31, 2024
Asset Category						Total Fair Value						Quoted Prices in Active Markets for Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)
						(in millions)
U.S. equity securities						$	1					$	1					$	—					$	—
Pooled funds - equity securities						833						751						82						—
Total equity securities						834						752						82						—
Government bonds						1,854						70						1,784						—
Pooled funds - fixed-income securities						945						825						120						—
Corporate bonds and    fixed-income securities						563						243						320						—
Buy-in annuity contracts and other						2,082						—						—						2,082
Total fixed-income securities						5,444						1,138						2,224						2,082
Real estate						222						159						—						63
Private equity						3						—						—						3
Cash and other						87						77						9						1
Total assets in the fair value hierarchy						$	6,590					$	2,126					$	2,315					$	2,149
Investments measured at net asset value						1,811
Total investments at fair value						$	8,401

						As of December 31, 2023
Asset Category						Total Fair Value						Quoted Prices in Active Markets for Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)
						(in millions)
U.S. equity securities						$	3					$	3					$	—					$	—
Pooled funds - equity securities						935						863						72						—
Total equity securities						938						866						72						—
Government bonds						2,485						59						2,426						—
Pooled funds - fixed-income securities						839						718						121						—
Corporate bonds and    fixed-income securities						902						203						699						—
Buy-in annuity contracts and other						1,464						—						—						1,464
Total fixed-income securities						5,690						980						3,246						1,464
Real estate						249						182						—						67
Private equity						4						—						—						4
Cash and other						122						103						18						1
Total assets in the fair value hierarchy						$	7,003					$	2,131					$	3,336					$	1,536
Investments measured at net asset value						2,084
Total investments at fair value						$	9,087

The percentage of fair value of pension plan assets was:

						U.S. Plans												Non-U.S. Plans
						As of December 31,												As of December 31,
Asset Category						2024						2023						2024						2023
Equity securities						4%						15%						14%						16%
Fixed-income securities						21%						85%						64%						63%
Real estate						—						—						4%						4%
Buy-in annuity contracts						75%						—						17%						16%
Cash						—						—						1%						1%
Total						100%						100%						100%						100%

Schedule of Changes in Level 3 Plan Assets

Changes in our Level 3 plan assets included:

Asset Category						January 1, 2024 Balance						Net Realized and Unrealized Gains/ (Losses)						Net Purchases, Issuances and Settlements						Net Transfers Into/(Out of) Level 3						Currency Impact						December 31, 2024 Balance
						(in millions)
Buy-in annuity contracts and other						$	1,471					$	(62)					$	702					$	—					$	(29)					$	2,082
Real estate						62						—						—						—						1						63
Private equity and other						3						—						—						—						1						4
Total Level 3 investments						$	1,536					$	(62)					$	702					$	—					$	(27)					$	2,149
Asset Category						January 1, 2023 Balance						Net Realized and Unrealized Gains/ (Losses)						Net Purchases, Issuances and Settlements						Net Transfers Into/(Out of) Level 3						Currency Impact						December 31, 2023 Balance
						(in millions)
Buy-in annuity contracts and other						$	1,540					$	60					$	(227)					$	—					$	98					$	1,471
Real estate						70						(2)						—						—						(6)						62
Private equity and other						4						—						—						—						(1)						3
Total Level 3 investments						$	1,614					$	58					$	(227)					$	—					$	91					$	1,536

Schedule of Estimated Future Benefit Payments

The estimated future benefit payments from our pension plans at December 31, 2024 were (in millions):

			2025						2026						2027						2028						2029						2030-2034
U.S. Plans			$945						$17						$18						$18						$19						$103
Non-U.S. Plans			414						414						420						422						429						2,204

Our estimated future benefit payments for our postretirement health care plans at December 31, 2024 were (in millions):

			2025						2026						2027						2028						2029						2030-2034
U.S. Plans			$10						$9						$9						$8						$8						$34
Non-U.S. Plans			4						4						4						5						5						24

Schedule of Changes in Accrued Benefit Obligation of Postemployment Plans

Our postemployment plans are not funded. The changes in and the amount of the accrued benefit obligation were:

			As of December 31,
			2024						2023
			(in millions)
Accrued benefit obligation at January 1			$	92					$	47
Service cost			9						4
Interest cost			7						3
Benefits paid			(21)						(25)
Actuarial losses			6						63
Accrued benefit obligation at December 31			$	93					$	92

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