XML 67 R44.htm IDEA: XBRL DOCUMENT v3.25.0.1
Retirement Plans (Tables)
12 Months Ended
Dec. 31, 2024
Projected Benefit Obligation, Fair Values Of Plan Assets And Amounts Recognized In The Balance Sheet

For the year ended

For the year ended

December 31,

December 31,

($ in millions)

2024

2023

Change in projected benefit obligation (PBO)

PBO at the beginning of the period

$

2,442 

$

2,510 

Service cost

47 

51 

Interest cost

126 

129 

Actuarial gain

(5)

(44)

Benefits paid

(187)

(204)

Special/contractual termination benefits

12 

-

PBO at the end of the period

$

2,435 

$

2,442 

Change in plan assets

Fair value of plan assets at the beginning of the period

$

2,268 

$

2,033 

Actual return on plan assets, net of expenses

114 

305 

Employer contributions

133 

134 

Benefits paid

(187)

(204)

Fair value of plan assets at the end of the period

$

2,328 

$

2,268 

Funded status

$

(107)

$

(174)

Amounts recognized in the consolidated balance sheet

Pension and other postretirement benefits - current

$

-

$

-

Pension and other postretirement benefits - noncurrent

$

(107)

$

(174)

Accumulated other comprehensive loss

$

-

$

-

Net Periodic Benefit Cost

For the year ended

For the year ended

For the year ended

December 31,

December 31,

December 31,

($ in millions)

2024

2023

2022

Components of total pension benefit cost (income)

Service cost

$

47

$

51

$

69

Interest cost on projected benefit obligation

126

129

106

Expected return on plan assets

(164)

(148)

(181)

(Gain) / Loss recognized

45

(202)

(218)

Net periodic pension benefit cost (income)

54

(170)

(224)

Pension settlement costs

-

-

55 

Special/contractual termination benefits

12

-

-

Total pension benefit cost (income)

$

66

$

(170)

$

(169)

Weighted Average Asset Allocations, By Asset Category

2024

2023

Asset category:

Equity securities

26

%

49

%

Debt securities

62

%

40

%

Alternative and other investments

12

%

11

%

Total

100 

%

100 

%

Expected Benefit Payments Over The Next Ten Years

($ in millions)

Amount

    

2025

$

256

2026

245

2027

240

2028

238

2029

233

2030-2034

1,074

Total

$

2,286

Schedule Of Assumptions Used

12/31/2024

12/31/2023

12/31/2022

Discount rate - used at period end to value obligation

5.60 

%

5.20 

%

5.50 

%

Discount rate - used to compute annual cost

5.00 - 5.80

%

5.50 

%

2.90 - 5.60

%

Expected long-term rate of return on plan assets

7.50 - 6.65

%

7.50 

%

7.50 

%

Rate of increase in compensation levels

3.00 

%

3.00 

%

3.00 

%

Schedule Of Changes In Projected Benefit Obligations For OPEB

For the year ended

For the year ended

December 31,

December 31,

($ in millions)

2024

2023

Change in benefit obligation

Benefit obligation at the beginning of the period

$

561

$

606

Service cost

7

8

Interest cost

28

31

Plan amendments

-

(45)

Plan participants' contributions

10

11

Actuarial (gain) loss

(35)

3

Benefits paid

(48)

(53)

Benefit obligation at the end of the period

$

523

$

561

Change in plan assets

Fair value of plan assets at the beginning of the period

$

-

$

-

Plan participants' contributions

10

11

Employer contribution

38

42

Benefits paid

(48)

(53)

Fair value of the plan assets at end of the period

$

-

$

-

Funded status

$

(523)

$

(561)

Amounts recognized in the consolidated balance sheet

Pension and other postretirement benefits - current

$

(39)

$

(38)

Pension and other postretirement benefits - noncurrent

$

(484)

$

(523)

Accumulated other comprehensive gain

$

(100)

$

(125)

Schedule Of Net Benefit Costs For OPEB

For the year ended

For the year ended

For the year ended

December 31,

December 31,

December 31,

($ in millions)

2024

2023

2022

Components of total postretirement benefit cost / (income)

Service cost

$

7 

$

8 

$

13 

Interest cost on projected benefit obligation

28 

31 

31 

Amortization of prior service credit

(25)

(22)

(13)

(Gain) loss recognized

(35)

3 

(248)

Total postretirement benefit cost / (income)

$

(25)

$

20 

$

(217)

Schedule Of Expected Benefit Payments For OPEB

($ in millions)

Gross Benefit

Medicare Part D Subsidy

Total

    

2025

$

40

$

-

$

40

2026

41

-

41

2027

42

-

42

2028

44

-

44

2029

45

-

45

2030-2034

235

-

235

Total

$

447

$

-

$

447

Net Periodic Benefit Cost Not Yet Recognized

OPEB

($ in millions)

2024

2023

Prior service cost (credit)

$

(100)

$

(125)

Amounts Recognized As A Component Of AOCI

For the year ended

For the year ended

OPEB

December 31,

December 31,

($ in millions)

2024

2023

Accumulated other comprehensive loss (gain) at

the beginning of the period

$

(125)

$

(102)

Prior service (cost) credit amortized during the period

25

22

Prior service cost (credit) occurring during the period

-

(45)

Net amount recognized in comprehensive

loss for the period

25

(23)

Accumulated other comprehensive loss (gain) at

end of the period

$

(100)

$

(125)

OPEB [Member]  
Schedule Of Assumptions Used

12/31/2024

12/31/2023

12/31/2022

Discount rate - used at period end to value obligation

5.70%

5.20%

5.50%

Discount rate - used to compute annual cost

5.00% - 5.80%

5.00% - 6.40%

3.00% - 5.60%