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RETIREMENT BENEFITS (Tables) | 6 Months Ended
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Jun. 30, 2026
Retirement Benefits [Abstract] |
Schedule of Defined Benefit Plans - Expense | The pre-tax net periodic benefit cost/(income) for our defined benefit pension and OPEB plans for the periods ended June 30 were as follows (in millions):
| Second Quarter
| 2025 |  | 2026
| Pension Benefits |  | OPEB |  | Pension Benefits |  | OPEB
| U.S. Plans |  | Non-U.S. Plans |  | Worldwide |  | U.S. Plans |  | Non-U.S. Plans |  | Worldwide
Service cost | $ | 52 |  |  | $ | 50 |  |  | $ | 5 |  |  | $ | 53 |  |  | $ | 40 |  |  | $ | 5 |
Interest cost | 393 |  |  | 238 |  |  | 55 |  |  | 353 |  |  | 252 |  |  | 49 |
Expected return on assets | (457) |  |  | (289) |  |  | — |  |  | (449) |  |  | (293) |  |  | — |
Amortization of prior service costs/(credits) | 22 |  |  | 6 |  |  | 2 |  |  | 22 |  |  | 6 |  |  | 3 |
Net remeasurement (gain)/loss | — |  |  | — |  |  | — |  |  | — |  |  | 54 |  |  | — |
Separation costs/other | 5 |  |  | 11 |  |  | — |  |  | — |  |  | 10 |  |  | — |
Settlements and curtailments | — |  |  | — |  |  | — |  |  | — |  |  | 4 |  |  | — |
Net periodic benefit cost/(income) | $ | 15 |  |  | $ | 16 |  |  | $ | 62 |  |  | $ | (21) |  |  | $ | 73 |  |  | $ | 57 |
| First Half
| 2025 |  | 2026
| Pension Benefits |  | OPEB |  | Pension Benefits |  | OPEB
| U.S. Plans |  | Non-U.S. Plans |  | Worldwide |  | U.S. Plans |  | Non-U.S. Plans |  | Worldwide
Service cost | $ | 104 |  |  | $ | 98 |  |  | $ | 10 |  |  | $ | 106 |  |  | $ | 84 |  |  | $ | 10 |
Interest cost | 786 |  |  | 462 |  |  | 110 |  |  | 706 |  |  | 500 |  |  | 99 |
Expected return on assets | (913) |  |  | (567) |  |  | — |  |  | (898) |  |  | (588) |  |  | — |
Amortization of prior service costs/(credits) | 44 |  |  | 12 |  |  | 4 |  |  | 44 |  |  | 12 |  |  | 5 |
Net remeasurement (gain)/loss | — |  |  | (10) |  |  | — |  |  | — |  |  | (189) |  |  | — |
Separation costs/other | 12 |  |  | 35 |  |  | — |  |  | — |  |  | 63 |  |  | — |
Settlements and curtailments | — |  |  | — |  |  | — |  |  | — |  |  | 19 |  |  | — |
Net periodic benefit cost/(income) | $ | 33 |  |  | $ | 30 |  |  | $ | 124 |  |  | $ | (42) |  |  | $ | (99) |  |  | $ | 114 |

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- Definition 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 Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (q) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-5 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 715 -SubTopic 20 -Subparagraph (h) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 + Details
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