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PENSION AND OTHER POSTRETIREMENT BENEFITS (Tables)

9 Months Ended

Sep. 30, 2024

Retirement Benefits [Abstract]

Schedule Benefit Plans Disclosures Cash Contributions

Contributions to these plans were as follows:

						Three months ended												Nine months ended
						September 30,												September 30,
In millions						2024						2023						2024						2023
Defined benefit pension contributions						$	9					$	8					$	56					$	102
OPEB payments, net						4						4						16						13
Defined contribution pension plans						27						29						101						102

Components of net periodic pension and other postretirement benefit cost

The components of net periodic pension and OPEB expense (income) under our plans were as follows:

						Pension
						U.S. Plans												U.K. Plans												OPEB
						Three months ended September 30,
In millions						2024						2023						2024						2023						2024						2023
Service cost						$	35					$	29					$	4					$	4					$	—					$	—
Interest cost						42						42						18						18						2						2
Expected return on plan assets						(72)						(69)						(26)						(27)						—						—
Amortization of prior service cost						—						—						1						1						—						—
Recognized net actuarial loss (gain)						3						2						3						—						(1)						(1)
Net periodic benefit expense (income)						$	8					$	4					$	—					$	(4)					$	1					$	1

						Pension
						U.S. Plans												U.K. Plans												OPEB
						Nine months ended September 30,
In millions						2024						2023						2024						2023						2024						2023
Service cost						$	106					$	87					$	13					$	12					$	—					$	—
Interest cost						125						126						53						53						5						6
Expected return on plan assets						(217)						(207)						(76)						(79)						—						—
Amortization of prior service cost						1						1						1						1						—						—
Recognized net actuarial loss (gain)						10						6						9						—						(2)						(2)
Net periodic benefit expense (income)						$	25					$	13					$	—					$	(13)					$	3					$	4

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- Definition

Tabular disclosure of one or more of the entity's defined benefit pension plans or one or more other defined benefit postretirement plans, separately for pension plans and other postretirement benefit plans including the entity's schedule of fair value of plan assets for defined benefit or other postretirement plans.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 20
-Topic 715
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

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-Name Accounting Standards Codification
-Topic 715
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Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments.

+ References

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-Topic 715
-SubTopic 20
-Subparagraph (h)
-Name Accounting Standards Codification
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