XML 30 R19.htm IDEA: XBRL DOCUMENT v3.25.3
Pension
9 Months Ended
Sep. 30, 2025
Retirement Benefits [Abstract]  
Pension Pension
The components of net periodic benefit cost for the Company’s U.S. defined benefit pension plan were as follows:
Three Months Ended
September 30,
Nine Months Ended
September 30,
(in millions)2025202420252024
Service cost$— $— $$
Interest cost12 12 
Expected return on plan assets(3)(3)(9)(10)
Amortization of net actuarial loss— 
Net periodic benefit cost$$$$
During the third quarter of 2025, the Company adopted an amendment related to its U.S. defined benefit pension plan to freeze all future benefit accruals effective December 31, 2025. The freeze resulted in a curtailment, which reduced the projected benefit obligation by $12 million, with a corresponding decrease in accumulated other comprehensive loss on the Company’s Condensed Consolidated Balance Sheet. There was no impact on the Company’s Condensed Consolidated Statement of Operations as a result of the curtailment.
The Company anticipates making approximately $43 million of contributions to its U.S. pension plan in 2025, inclusive of a discretionary contribution of $23 million made in the third quarter of 2025.
For the three and nine months ended September 30, 2025, expenses related to various defined contribution plans were $13 million and $42 million, respectively. For the three and nine months ended September 30, 2024, expenses related to various defined contribution plans were $11 million and $36 million, respectively.