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Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2024

Retirement Benefits [Abstract]

Assumptions Used in Calculating the Benefit Obligations and the Net Amount Recognized

Assumptions Used in Calculating the Benefit Obligations and the Net Amount Recognized

			For the years ended December 31,
			2024			2023			2022
Weighted Average Assumptions used to determine benefit obligations
Discount rate:
U.S. Pension Plan			5.65		%	5.15		%	5.43		%
Other Pension Plans			5.59		%	5.14		%	5.40		%
Other postretirement benefits			5.56		%	5.13		%	5.39		%
Interest crediting rate on cash balance plan			4.30		%	4.36		%	3.89		%
Weighted Average Assumptions used to determine net periodic benefit costs:
Discount rate:
U.S. Pension Plan			5.15		%	5.43		%	2.91		%
Other Pension Plans			5.13		%	5.40		%	2.83		%
Other postretirement benefits			5.13		%	5.39		%	2.72		%
Expected long-term rate of return on plan assets:
U.S. Pension Plan			5.90		%	6.10		%	5.10		%
Other Pension Plans			4.00		%	4.40		%	3.30		%
Other postretirement benefits			4.50		%	4.50		%	4.80		%
Assumed Health Care Cost Trend Rates
Pre-65 health care cost trend rate			6.50		%	8.00		%	7.00		%
Post-65 health care cost trend rate			N/A			N/A			N/A
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)			4.00		%	4.50		%	4.50		%
Year that the rate reaches the ultimate trend rate			2045			2038			2032

Schedule of Net Funded Status

			U.S. Pension Plan									Other Pension Plans									Total Pension Plans									Other Postretirement Benefits
			For the years ended December 31,
			2024			2023						2024			2023						2024			2023						2024			2023
Change in Benefit Obligation
Benefit obligation — beginning of year			$	3,269		$	3,156					$	334		$	334					$	3,603		$	3,490					$	138		$	143
Service cost			2			3						—			—						2			3						—			—
Interest cost			160			163						16			17						176			180						7			7
Plan participants’ contributions			—			—						—			—						—			—						7			8
Actuarial loss (gain)			(9)			38						2			2						(7)			40						(3)			3
Changes in assumptions			(146)			100						(12)			8						(158)			108						(4)			3
Benefits paid [1]			(201)			(191)						(27)			(27)						(228)			(218)						(23)			(26)
Benefit obligation — end of year [2]			$	3,075		$	3,269					$	313		$	334					$	3,388		$	3,603					$	122		$	138
Change in Plan Assets
Fair value of plan assets — beginning of year			$	3,562		$	3,513					$	11		$	11					$	3,573		$	3,524					$	18		$	30
Actual return on plan assets			34			254						—			—						34			254						—			1
Employer contributions [3]			—			—						—			1						—			1						6			5
Plan participants' contributions [3]			—			—						—			—						—			—						7			8
Benefits paid [1]			(201)			(191)						(1)			(1)						(202)			(192)						(23)			(26)
Expenses paid			(8)			(14)						—			—						(8)			(14)						—			—
Foreign exchange adjustment			—			—						(1)			—						(1)			—						—			—
Fair value of plan assets — end of year			$	3,387		$	3,562					$	9		$	11					$	3,396		$	3,573					$	8		$	18
Funded status — end of year			$	312		$	293					$	(304)		$	(323)					$	8		$	(30)					$	(114)		$	(120)
Amounts Recognized in the Consolidated Balance Sheets
Other assets			$	312		$	293					$	—		$	—					$	312		$	293					$	—		$	—
Other liabilities			$	—		$	—					$	(304)		$	(323)					$	(304)		$	(323)					$	(114)		$	(120)

[1]Other postretirement benefits paid represent payments from plan assets for non-key employee postretirement medical benefits, Company assets and plan participants' contributions.

[2]As of December 31, 2024 and 2023, the Accumulated Benefit Obligation is equal to the Projected Benefit Obligation.

[3]Employer and plan participants' contributions for the Other Postretirement Benefits represent funding from Company and plan participant assets.

Net Periodic Cost (Benefit)

Net Periodic Cost (Benefit)

			Pension Benefits									Other Postretirement Benefits
			For the years ended December 31,
			2024			2023			2022			2024			2023			2022
Service cost			$	2		$	3		$	4		$	—		$	—		$	—
Interest cost			176			180			111			7			7			4
Expected return on plan assets			(230)			(235)			(202)			(1)			(1)			(2)
Amortization of prior service credit			—			—			—			(7)			(7)			(7)
Amortization of actuarial loss			34			29			62			5			5			7
Net periodic cost (benefit)			$	(18)		$	(23)		$	(25)		$	4		$	4		$	2

Amounts Recognized in Other Comprehensive Income (Loss)

Amounts Recognized in Other Comprehensive Income (Loss)

			Pension Benefits									Other Postretirement Benefits
			For the years ended December 31,
			2024			2023			2022			2024			2023			2022
Amortization of actuarial loss			$	34		$	29		$	62		$	5		$	5		$	7
Amortization of prior service credit			—			—			—			(7)			(7)			(7)
Net actuarial gain (loss)			(41)			(142)			89			7			(6)			30
Prior service cost (credit)			—			—			—			—			—			—
Total			$	(7)		$	(113)		$	151		$	5		$	(8)		$	30

Amounts in Accumulated Other Comprehensive Income (Loss), Before Tax, not yet Recognized as Components of Net Periodic Benefit Cost

Amounts in Accumulated Other Comprehensive Income (Loss), Before Tax, not yet Recognized as Components of Net Periodic Benefit Cost

			Pension Benefits									Other Postretirement Benefits
			As of December 31,
			2024			2023			2022			2024			2023			2022
Net loss			$	(1,784)		$	(1,777)		$	(1,664)		$	(76)		$	(88)		$	(87)
Prior service credit			—			—			—			33			40			47
Total			$	(1,784)		$	(1,777)		$	(1,664)		$	(43)		$	(48)		$	(40)

Plan Assets

Target Asset Allocation Ranges

			Pension Plans						Other Postretirement Plans
			Minimum			Maximum			Minimum			Maximum
Equity securities			—		%	20		%	—		%	—		%
Fixed income securities			75		%	95		%	100		%	100		%
Limited partnerships			—		%	25		%	—		%	—		%

Pension Plan Assets at Fair Value

			As of December 31, 2024															As of December 31, 2023
Asset Category			Level 1			Level 2			Level 3			Total						Level 1			Level 2			Level 3			Total
Short-term investments:			$	164		$	—		$	—		$	164					$	187		$	—		$	—		$	187
Fixed Income Securities:
Corporate			—			1,586			33			1,619						—			1,643			36			1,679
RMBS			—			105			—			105						—			111			—			111
U.S. Treasuries			8			278			—			286						—			271			—			271
Foreign government			—			9			9			18						—			11			10			21
CMBS			—			28			1			29						—			49			1			50
Other fixed income [1]			—			162			—			162						—			160			—			160
Mortgage Loans			—			—			131			131						—			—			143			143
Equity Securities:
Domestic			14			4			—			18						11			23			—			34
International			—			37			—			37						—			45			—			45
Total pension plan assets at fair value, in the fair value hierarchy [2]			186			2,209			174			2,569						198			2,313			190			2,701
Other Investments, at net asset value [3]:
Limited partnerships												778															826
Total pension plan assets at fair value			$	186		$	2,209		$	174		$	3,347					$	198		$	2,313		$	190		$	3,527

[1]Includes ABS, municipal bonds and CLOs.

[2]Excludes $49 and $46 as of December 31, 2024 and 2023, respectively, of investment receivables net of investment payables that are excluded from this disclosure requirement because they are trade receivables in the ordinary course of business where the carrying amount approximates fair value.

[3]Investments that are measured at net asset value per share or an equivalent and have not been classified in the fair value hierarchy.

Other Postretirement Plan Assets at Fair Value

			As of December 31, 2024															As of December 31, 2023
Asset Category			Level 1			Level 2			Level 3			Total						Level 1			Level 2			Level 3			Total
Short-term investments			$	8		$	—		$	—		$	8					$	16		$	—		$	—		$	16
Fixed Income Securities:
U.S. Treasuries			—			—			—			—						—			2			—			2
Total other postretirement plan assets at fair value			$	8		$	—		$	—		$	8					$	16		$	2		$	—		$	18

Pension Plan Assets Fair Value Measurements Using Significant Unobservable Inputs

Pension Plan Asset Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
Assets			Corporate						Foreign government			Mortgage loans			Other [1]						Totals
Fair Value as of January 1, 2024			$	36					$	10		$	143		$	1					$	190
Realized gains, net			—						—			—			—						—
Changes in unrealized gains (losses), net			—						(1)			1			—						—
Purchases			5						—			—			—						5
Sales			(8)						—			(13)			—						(21)
Transfers into Level 3 [2]			—						—			—			—						—
Transfers out of Level 3 [2]			—						—			—			—						—
Fair Value as of December 31, 2024			$	33					$	9		$	131		$	1					$	174
Fair Value as of January 1, 2023			$	31					$	1		$	165		$	1					$	198
Realized gains (losses), net			—						—			(3)			—						(3)
Changes in unrealized gains (losses), net			2						(1)			8			—						9
Purchases			—						10			3			—						13
Sales			—						—			(30)			—						(30)
Transfers into Level 3 [2]			5						—			—			—						5
Transfers out of Level 3 [2]			(2)						—			—			—						(2)
Fair Value as of December 31, 2023			$	36					$	10		$	143		$	1					$	190

[1]"Other" includes CMBS.

[2]Transfers into and/or (out of) Level 3 are primarily attributable to the availability of market observable information and the re-evaluation of the observability of pricing.

Amounts of Benefits Expected to be Paid over the next Ten Years from Pension and other Postretirement Plans

Amounts of Benefits Expected to be Paid over the next Ten Years from Pension and other Postretirement Plans as of December 31, 2024

			Pension Benefits			Other Postretirement Benefits
2025			$	249		$	15
2026			256			13
2027			261			12
2028			267			11
2029			262			11
2030 - 2034			1,304			46
Total			$	2,599		$	108

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