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EMPLOYEE BENEFIT PLANS
 3 Months Ended
Mar. 31, 2025
Retirement Benefits [Abstract]  
EMPLOYEE BENEFIT PLANS EMPLOYEE BENEFIT PLANS
We sponsor defined benefit and defined contribution pension plans, healthcare plans and disability and survivorship plans for eligible employees and retirees and their eligible family members.

Employee benefit plans net periodic cost
Pension BenefitsOther Postretirement and Postemployment Benefits
(in millions)2025202420252024
Three Months Ended March 31,
Service cost(1)
$4 $3 $33 $23 
Interest cost208 201 45 45 
Expected return on plan assets(267)(263)— (1)
Amortization of prior service credit— — (1)(1)
Recognized net actuarial loss50 62 5 5 
Net periodic cost$(5)$3 $82 $71 
(1)Service cost relates to the market based cash balance plan. There is no service cost associated with traditional frozen defined benefit plans.

Service cost is recorded in salaries and related costs in our income statement, while all other components are recorded within miscellaneous, net under non-operating expense.

We also sponsor defined benefit pension plans for eligible employees in certain foreign countries which have immaterial obligations. These plans are not included in the net periodic cost table above.