XML 93 R35.htm IDEA: XBRL DOCUMENT v3.25.0.1

ACCRUED WORKERS' COMPENSATION COSTS (Tables)

12 Months Ended

Dec. 31, 2024

Insurance [Abstract]

Schedule of Activities for Unpaid Claims, Claims Adjustment Expenses and Workers' Compensation Liabilities

The following table summarizes the accrued workers’ compensation cost activity for the years ended December 31, 2024, 2023 and 2022:

			Year Ended December 31,
(in millions)			2024			2023			2022
Total accrued costs, beginning of year			$	175		$	189		$	198
Incurred
Current year			54			66			68
Prior years			(26)			(36)			(32)
Total incurred			28			30			36
Paid
Current year			(9)			(10)			(10)
Prior years			(36)			(34)			(35)
Total paid			(45)			(44)			(45)
Total accrued costs, end of year			$	158		$	175		$	189

The following tables summarize workers' compensation liabilities on the consolidated balance sheets:

(in millions)						December 31, 2024			December 31, 2023
Total accrued costs, end of year						$	158		$	175
Collateral paid to carriers and offset against accrued costs						(4)			(5)
Total accrued costs, net of carrier collateral offset						$	154		$	170
Payable in less than 1 year (net of collateral paid to carriers of $1 as of December 31, 2024 and 2023)						$	44		50
Payable in more than 1 year (net of collateral paid to carriers of $3 and $4 as of December 31, 2024 and 2023, respectively)						110			120
Total accrued costs, net of carrier collateral offset						$	154		$	170

X

- References

No definition available.

+ Details

Name:	us-gaap_InsuranceAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the activity in the reserve for settling insured claims and expenses incurred in the claims settlement process for the period. The estimated liability includes the amount of money that will be required for future payments of (a) claims that have been reported to the insurer, (b) claims related to insured events that have occurred but that have not been reported to the insurer as of the date the liability is estimated, and (c) claim adjustment expenses. Claim adjustment expenses include costs incurred in the claim settlement process such as legal fees; outside adjuster fees; and costs to record, process, and adjust claims.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480081/944-40-50-3

+ Details

Name:	us-gaap_ScheduleOfLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration