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RETIREMENT PLANS (Tables)
 12 Months Ended
Dec. 31, 2025
Retirement Benefits [Abstract]  
Schedule of Accumulated Benefit Obligation, Change in Benefit Obligation, Change in Plan Assets, Plans' Funded Status and Amount Included in Consolidated Balance Sheets
The following table provides information relating to the accumulated benefit obligation, change in benefit obligation, change in plan assets, the plans’ funded status and the amount included in the Consolidated Balance Sheets for the qualified and non-qualified plans described above (collectively, the Plans):
TABLE 18.1
December 3120252024
(in millions)QualifiedNon-QualifiedTotalQualifiedNon-QualifiedTotal
Accumulated benefit obligation$107 $13 $120 $108 $14 $122 
Projected benefit obligation at beginning of year$108 $14 $122 $116 $15 $131 
Interest cost5 1 6 5 1 6 
Actuarial loss (gain)3 1 4 (4)— (4)
Benefits paid(9)(3)(12)(9)(2)(11)
Projected benefit obligation at end of year$107 $13 $120 $108 $14 $122 
Fair value of plan assets at beginning of year$184 $— $184 $178 $— $178 
Actual return on plan assets20 — 20 15 — 15 
Corporation contribution— 3 3 — 2 2 
Benefits paid(9)(3)(12)(9)(2)(11)
Fair value of plan assets at end of year$195 $— $195 $184 $— $184 
Funded status of plans$88 $(13)$75 $76 $(14)$62 
Schedule of Actuarial Assumptions Used in Determination of Projected Benefit Obligation
Actuarial assumptions used in the determination of the projected benefit obligation in the Plans are as follows:
TABLE 18.2
Assumptions at December 3120252024
Weighted average discount rate5.16 %5.48 %
Schedule of Net Periodic Pension Cost and Other Comprehensive Income
The net periodic pension cost and OCI for the Plans included the following components:
TABLE 18.3
Year Ended December 31202520242023
(in millions)
Interest cost$6 $6 $7 
Expected return on plan assets(12)(12)(11)
Actuarial loss amortization1 2 2 
Total pension cost (income)(5)(4)(2)
Other changes in plan assets and benefit obligations recognized in other comprehensive loss (income):
Current year actuarial (gain) loss (5)(8)(1)
Amortization of actuarial loss(1)(2)(2)
Total amount recognized in other comprehensive loss (income)(6)(10)(3)
Total amount recognized in net periodic benefit cost (benefit) and other comprehensive loss (income)$(11)$(14)$(5)
Schedule of Actuarial Assumptions Used in Determination of Net Periodic Pension Cost Actuarial assumptions used in the determination of the net periodic pension cost in the Plans are as follows:
TABLE 18.4
Assumptions for the Year Ended December 31202520242023
Weighted average discount rate5.48 %4.99 %5.34 %
Expected long-term rate of return on assets6.75 6.75 6.75 
Rates of increase in compensation levelsn/a n/a3.30 
Schedule of Estimated Future Cash Flows
The following table provides information regarding estimated future cash flows relating to the Plans at December 31, 2025:
TABLE 18.5
(in millions)
Expected employer contributions:2026$— 
Expected benefit payments:202611 
202711 
202811 
202911 
203010 
2031 – 203547 
Schedule of Contribution Expense Our contribution expense is presented in the following table:
TABLE 18.6
Year Ended December 31202520242023
(in millions)
401(k) contribution expense$28 $21 $21 
Schedule of Asset Allocations for Pension Plans
The following table presents asset allocations for our pension plans as of December 31, 2025 and 2024, and the target allocation for 2026, by asset category:
TABLE 18.7
Target
Allocation		Percentage of Plan Assets
December 31202620252024
Asset Category
Equity securities
45 - 65
61 %60 %
Debt securities
30 - 50
36 36 
Cash equivalents
0 - 10
3 4 
Schedule of Fair Values of Pension Plan Assets by Asset Category
The fair values of our pension plan assets by asset category are as follows:
TABLE 18.8
(in millions)Level 1Level 2Level 3Total
December 31, 2025
Asset Class
Cash$7 $— $— $7 
Equity securities:
F.N.B. Corporation3 — — 3 
Other large-cap U.S. financial services companies4 — — 4 
Other large-cap U.S. companies60 — — 60 
Other equity1 — — 1 
Mutual fund equity investments:
U.S. equity index funds:
U.S. small-cap equity index funds4 — — 4 
U.S. mid-cap equity index funds7 — — 7 
Non-U.S. equities growth fund12 — — 12 
U.S. equity funds:
U.S. large-cap6 — — 6 
U.S. mid-cap11 — — 11 
U.S. small-cap4 — — 4 
Other6 — — 6 
Fixed income securities:
U.S. Treasury bonds27 — — 27 
U.S. government agencies— 18 — 18 
Fixed income mutual funds:
U.S. investment-grade fixed income securities25 — — 25 
Total$177 $18 $— $195 
(in millions)Level 1Level 2Level 3Total
December 31, 2024
Asset Class
Cash$8 $— $— $8 
Equity securities:
F.N.B. Corporation3 — — 3 
Other large-cap U.S. financial services companies3 — — 3 
Other large-cap U.S. companies58 — — 58 
Other equity1 — — 1 
Mutual fund equity investments:
U.S. equity index funds:
U.S. small-cap equity index funds4 — — 4 
U.S. mid-cap equity index funds6 — — 6 
Non-U.S. equities growth fund15 — — 15 
U.S. equity funds:
U.S. mid-cap12 — — 12 
U.S. small-cap4 — — 4 
Other4 — — 4 
Fixed income securities:
U.S. Treasury bonds18 — — 18 
U.S. government agencies— 26 — 26 
Fixed income mutual funds:
U.S. investment-grade fixed income securities22 — — 22 
Total$158 $26 $— $184