XML 30 R19.htm IDEA: XBRL DOCUMENT
v3.25.3

RETIREMENT BENEFITS | 9 Months Ended
--- | ---
Sep. 30, 2025
Retirement Benefits [Abstract] |
RETIREMENT BENEFITS | RETIREMENT BENEFITS Defined Benefit Plans - Expense The pre-tax net periodic benefit cost/(income) for our defined benefit pension and OPEB plans for the periods ended September 30 were as follows (in millions):
| Third Quarter
| 2024 |  | 2025
| Pension Benefits |  | OPEB |  | Pension Benefits |  | OPEB
| U.S. Plans |  | Non-U.S. Plans |  | Worldwide |  | U.S. Plans |  | Non-U.S. Plans |  | Worldwide
Service cost | $ | 73 |  |  | $ | 62 |  |  | $ | 6 |  |  | $ | 53 |  |  | $ | 51 |  |  | $ | 5 |
Interest cost | 400 |  |  | 237 |  |  | 57 |  |  | 392 |  |  | 245 |  |  | 55 |
Expected return on assets | (455) |  |  | (256) |  |  | — |  |  | (456) |  |  | (297) |  |  | — |
Amortization of prior service costs/(credits) | 23 |  |  | 6 |  |  | 2 |  |  | 22 |  |  | 7 |  |  | 3 |
Net remeasurement (gain)/loss | 112 |  |  | 56 |  |  | — |  |  | — |  |  | — |  |  | — |
Separation costs/other | 7 |  |  | 30 |  |  | — |  |  | 6 |  |  | 4 |  |  | — |
Settlements and curtailments | 128 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net periodic benefit cost/(income) | $ | 288 |  |  | $ | 135 |  |  | $ | 65 |  |  | $ | 17 |  |  | $ | 10 |  |  | $ | 63 |
| First Nine Months
| 2024 |  | 2025
| Pension Benefits |  | OPEB |  | Pension Benefits |  | OPEB
| U.S. Plans |  | Non-U.S. Plans |  | Worldwide |  | U.S. Plans |  | Non-U.S. Plans |  | Worldwide
Service cost | $ | 219 |  |  | $ | 186 |  |  | $ | 18 |  |  | $ | 157 |  |  | $ | 149 |  |  | $ | 15 |
Interest cost | 1,201 |  |  | 705 |  |  | 170 |  |  | 1,178 |  |  | 707 |  |  | 165 |
Expected return on assets | (1,365) |  |  | (763) |  |  | — |  |  | (1,369) |  |  | (864) |  |  | — |
Amortization of prior service costs/(credits) | 70 |  |  | 18 |  |  | 7 |  |  | 66 |  |  | 19 |  |  | 7 |
Net remeasurement (gain)/loss | 112 |  |  | (127) |  |  | — |  |  | — |  |  | (10) |  |  | — |
Separation costs/other | 16 |  |  | 97 |  |  | — |  |  | 18 |  |  | 39 |  |  | — |
Settlements and curtailments | 128 |  |  | (3) |  |  | — |  |  | — |  |  | — |  |  | — |
Net periodic benefit cost/(income) | $ | 381 |  |  | $ | 113 |  |  | $ | 195 |  |  | $ | 50 |  |  | $ | 40 |  |  | $ | 187 |
The service cost component is included in Cost of sales and Selling, administrative, and other expenses. Other components of net periodic benefit cost/(income) are included in Other income/(loss), net on our consolidated income statements. Pension Plan Contributions During 2025, we now expect to contribute about $750 million of cash to our global funded pension plans. We also expect to make about $450 million of benefit payments to participants in unfunded plans. In the first nine months of 2025, we contributed $702 million to our global funded pension plans and made $333 million of benefit payments to participants in unfunded plans.

X
- References No definition available. + Details
Name: | us-gaap_CompensationAndRetirementDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for retirement benefits. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (o) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (p) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (q) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 60 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480266/715-60-50-3 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480126/715-20-S99-2 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 70 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480794/715-70-50-1 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 17 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480482/715-20-55-17 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d)(iv)(03) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (l) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/715/tableOfContent Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d)(iii) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (r)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (r)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration