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EMPLOYEE RETIREMENT PLANS (Tables)
12 Months Ended
Dec. 31, 2025
Retirement Benefits [Abstract]  
Schedule of Pre-Tax Expense Related to Retirement Plans
Pre-tax expense included in income before income taxes related to our retirement plans was as follows, in millions:
Year Ended December 31,
 202520242023
Defined-contribution plans$49 $60 $68 
Defined-benefit pension plans
$58 $69 $78 
Schedule of Changes in the Projected Benefit Obligation and Fair Value of the Plan Assets, and the Funded Status of the Company's Defined-Benefit Pension Plans
Changes in the projected benefit obligation and fair value of plan assets, and the funded status of our defined-benefit pension plans were as follows, in millions:
At Year Ended December 31,
 20252024
 QualifiedNon-QualifiedQualifiedNon-Qualified
Changes in projected benefit obligation:    
Projected benefit obligation at January 1$125 $101 $136 $108 
Service cost— — 
Interest cost
Actuarial (gain) loss, net(17)(4)(1)
Foreign currency exchange16 — (8)— 
Benefit payments(5)(12)(4)(12)
Projected benefit obligation at December 31$126 $100 $125 $101 
Changes in fair value of plan assets:    
Fair value of plan assets at January 1$92 $— $90 $— 
Actual return on plan assets(3)— — 
Foreign currency exchange12 — (5)— 
Company contributions12 12 
Benefit payments(5)(12)(4)(12)
Fair value of plan assets at December 31$101 $— $92 $— 
Funded status at December 31$(25)$(100)$(33)$(101)
Schedule of Amounts in the Company's Consolidated Balance Sheets
Amounts in our consolidated balance sheets were as follows, in millions:
At December 31,
 20252024
 QualifiedNon-QualifiedQualifiedNon-Qualified
Other assets$$— $$— 
Accrued liabilities— (11)— (11)
Other liabilities(27)(88)(35)(89)
Total net liability$(25)$(100)$(33)$(101)
Schedule of Unrealized Loss Included in Accumulated Other Comprehensive Income Before Income Taxes
Unrealized loss included in accumulated other comprehensive income before income taxes was as follows, in millions:
At December 31,
 20252024
 QualifiedNon-QualifiedQualifiedNon-Qualified
Net loss$$28 $17 $24 
Net prior service cost— — 
Total$$28 $19 $24 
Schedule of Information for Defined-Benefit Pension Plans with an Accumulated Benefit Obligation in Excess of Plan Assets
Information for defined-benefit pension plans with an accumulated benefit obligation in excess of plan assets was as follows, in millions:
At December 31,
20252024
QualifiedNon-QualifiedQualifiedNon-Qualified
Projected benefit obligation$124 $100 $123 $101 
Accumulated benefit obligation124 100 123 101 
Fair value of plan assets97 — 88 — 
Schedule of Net Periodic Pension Cost for the Company's Defined-Benefit Pension Plans Net periodic pension cost for our defined-benefit pension plans was as follows, in millions:
Year Ended December 31,
 202520242023
 QualifiedNon-QualifiedQualifiedNon-QualifiedQualifiedNon-Qualified
Service cost$$— $$— $$— 
Interest cost
Expected return on plan assets(5)— (5)— (4)— 
Recognized net loss— — 
Net periodic pension cost$$$$$$
Schedule of the Company's Qualified Defined-Benefit Pension Plan Weighted Average Asset Allocation Our qualified defined-benefit pension plan weighted average asset allocation, which is based upon fair value, was as follows:
At December 31,
 20252024
Equity securities33 %32 %
Debt securities35 %31 %
Other33 %38 %
Total100 %100 %
Schedule of Qualified Defined-Benefit Pension Plan Assets at Fair Value
The following tables set forth, by level within the fair value hierarchy, the qualified defined-benefit pension plan assets at fair value as of December 31, 2025 and 2024, in millions.
 At December 31, 2025
 Level 1Level 2Level 3Total
Plan Assets
Common and preferred stocks:
United States$21 $— $— $21 
International12 — — 12 
Corporate, government and other debt securities:
United States— — 
International— 28 — 28 
Real estate:
International— — 13 13 
Buy-in annuity:
International— — 
Short-term and other investments:
International14 — 18 
Total plan assets
$37 $52 $13 $101 
M. EMPLOYEE RETIREMENT PLANS (Continued)
 At December 31, 2024
 Level 1Level 2Level 3Total
Plan Assets
Common and preferred stocks:
United States$18 $— $— $18 
International11 — — 11 
Corporate, government and other debt securities:
United States— — 
International— 22 — 22 
Real estate:
International— — 11 11 
Buy-in annuity:
International— — 
Short-term and other investments:
International18 — 21 
Total plan assets$33 $48 $11 $92 
Schedule of Changes in the Fair Value of the Qualified Defined-Benefit Pension Plan Level 3 Assets
Changes in the fair value of the qualified defined-benefit pension plan Level 3 assets were as follows, in millions:
Year Ended December 31,
 20252024
Fair value, January 1$11 $12 
Currency translation(1)
Fair value, December 31$13 $11 
Schedule of Weighted-Average Major Assumptions Used in Accounting for the Company's Defined-Benefit Pension Plans Weighted average major assumptions used in accounting for our defined-benefit pension plans were as follows:
At December 31,
202520242023
Discount rate for obligations4.60 %4.30 %4.00 %
Expected return on plan assets5.00 %4.80 %5.50 %
Rate of compensation increase— %— %— %
Discount rate for net periodic pension cost4.30 %4.00 %4.50 %
Schedule of Benefits Expected to Be Paid Relating to the Company's Defined-Benefit Pension Plans
At December 31, 2025, the benefits expected to be paid in each of the next five years, and in aggregate for the five years thereafter, relating to our defined-benefit pension plans, were as follows, in millions:
Qualified
Plans
Non-Qualified
Plans
2026$$11 
202711 
202811 
202910 
203010 
2031 - 203536 40