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EMPLOYEE BENEFIT PLANS | 9 Months Ended
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Sep. 30, 2024
Retirement Benefits [Abstract] |
EMPLOYEE BENEFIT PLANS | EMPLOYEE BENEFIT PLANS Components of net pension expense for defined benefit pension plans were as follows:
|  | Three months ended September 30, |  | Nine months ended September 30,
(In millions) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Company-administered plans: |  |  |  |  |  |  |  |
Service cost |  | $ | — |  |  | $ | 1 |  |  | $ | 1 |  |  | $ | 1 |
Interest cost |  | 22 |  |  | 22 |  |  | 65 |  |  | 67 |
Expected return on plan assets |  | (19) |  |  | (20) |  |  | (57) |  |  | (58) |
Amortization of net actuarial loss and prior service cost |  | 7 |  |  | 7 |  |  | 22 |  |  | 20 |
Net pension expense |  | $ | 10 |  |  | $ | 10 |  |  | $ | 31 |  |  | $ | 30 |
Company-administered plans: |  |  |  |  |  |  |  |
U.S. |  | $ | 7 |  |  | $ | 8 |  |  | $ | 22 |  |  | $ | 23 |
Non-U.S. |  | 3 |  |  | 2 |  |  | 9 |  |  | 7 |
Net pension expense |  | $ | 10 |  |  | $ | 10 |  |  | $ | 31 |  |  | $ | 30 |
Non-operating pension costs, net include the amortization of net actuarial loss and prior service cost, interest cost and expected return on plan assets components of pension and postretirement benefit costs, as well as any significant charges for settlements or curtailments if recognized. During the nine months ended September 30, 2024, we prefunded future required contributions of $50 million to our U.S. pension plan. We also maintain other postretirement benefit plans that are not reflected in the table above as the amount of postretirement benefit expense for such plans was not material for any period presented.

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