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EMPLOYEE BENEFIT PLANS | 6 Months Ended
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Jun. 30, 2024
Retirement Benefits [Abstract] |
EMPLOYEE BENEFIT PLANS | EMPLOYEE BENEFIT PLANS The Company sponsors U.S. and international defined benefit pension and defined contribution plans. In addition, the Company contributes to various U.S. and international multi-employer defined benefit pension plans. Contributions to the plans were as follows:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
(In millions) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Defined benefit plans |  | $ | 12 |  |  | $ | 5 |  |  | $ | 18 |  |  | $ | 11 |
Defined contribution plans |  | $ | 35 |  |  | $ | 29 |  |  | $ | 74 |  |  | $ | 66 |
Multi-employer pension plans |  | $ | 4 |  |  | $ | 4 |  |  | $ | 8 |  |  | $ | 8 |
The components of net periodic pension expense (benefit) for the defined benefit pension plans are as follows:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
(In millions) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Service cost |  | $ | 3 |  |  | $ | 4 |  |  | $ | 7 |  |  | $ | 8 |
Interest cost |  | 7 |  |  | 8 |  |  | 14 |  |  | 16 |
Expected return on plan assets |  | (7) |  |  | (8) |  |  | (14) |  |  | (16) |
Amortization of prior service credit |  | — |  |  | 1 |  |  | — |  |  | 1 |
Recognized actuarial net (gain) loss |  | — |  |  | (1) |  |  | — |  |  | (1) |
Net settlement, curtailment and special termination benefit (gain) loss |  | 1 |  |  | — |  |  | 1 |  |  | — |
Net periodic pension expense (benefit) |  | $ | 4 |  |  | $ | 4 |  |  | $ | 8 |  |  | $ | 8 |

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