XML 140 R125.htm IDEA: XBRL DOCUMENT v3.25.1
Note 19 - Retirement Plans - Fair Value Measurement of Plan Assets (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Fair Value of Plan Assets $ 3,128 $ 3,546    
Net receivables [1] 116 44    
Major US Plans [Member]        
Fair Value of Plan Assets 3,012 3,502    
Major US Plans [Member] | Cash and Cash Equivalents [Member]        
Fair Value of Plan Assets [2] 843 120    
Major US Plans [Member] | Government Bonds [Member]        
Fair Value of Plan Assets [3] 482 32    
Major US Plans [Member] | Investment Grade Bonds [Member]        
Fair Value of Plan Assets [3] 836 682    
Major US Plans [Member] | Real Estate [Member]        
Fair Value of Plan Assets   18    
Major US Plans [Member] | Hedge Funds [Member]        
Fair Value of Plan Assets 689 1,552    
Major US Plans [Member] | Private Equity Funds [Member]        
Fair Value of Plan Assets 167 1,097    
Major US Plans [Member] | Derivatives With Unrealized Gains [Member]        
Fair Value of Plan Assets   1    
Major US Plans [Member] | Derivatives With Unrealized Losses [Member]        
Fair Value of Plan Assets (5)      
Major Non-US Plans [Member]        
Fair Value of Plan Assets 494 528    
Major Non-US Plans [Member] | Cash and Cash Equivalents [Member]        
Fair Value of Plan Assets 43 13    
Major Non-US Plans [Member] | Equity Securities [Member]        
Fair Value of Plan Assets 32 33    
Major Non-US Plans [Member] | Investment Grade Bonds [Member]        
Fair Value of Plan Assets 82 80    
Major Non-US Plans [Member] | Real Estate [Member]        
Fair Value of Plan Assets 10 11    
Major Non-US Plans [Member] | Global High Yield & Emerging Market Debt [Member]        
Fair Value of Plan Assets 1 2    
Major Non-US Plans [Member] | Hedge Funds [Member]        
Fair Value of Plan Assets   29    
Major Non-US Plans [Member] | Private Equity Funds [Member]        
Fair Value of Plan Assets 28 42    
Major Non-US Plans [Member] | Insurance Contracts [Member]        
Fair Value of Plan Assets 298 317    
Major Non-US Plans [Member] | Derivatives With Unrealized Gains [Member]        
Fair Value of Plan Assets   1    
Fair Value, Inputs, Level 1 [Member] | Major US Plans [Member]        
Fair Value of Plan Assets 838 121    
Fair Value, Inputs, Level 1 [Member] | Major US Plans [Member] | Cash and Cash Equivalents [Member]        
Fair Value of Plan Assets [2] 843 120    
Fair Value, Inputs, Level 1 [Member] | Major US Plans [Member] | Government Bonds [Member]        
Fair Value of Plan Assets [3]   0    
Fair Value, Inputs, Level 1 [Member] | Major US Plans [Member] | Investment Grade Bonds [Member]        
Fair Value of Plan Assets [3] 0 0    
Fair Value, Inputs, Level 1 [Member] | Major US Plans [Member] | Real Estate [Member]        
Fair Value of Plan Assets   0    
Fair Value, Inputs, Level 1 [Member] | Major US Plans [Member] | Hedge Funds [Member]        
Fair Value of Plan Assets 0 0    
Fair Value, Inputs, Level 1 [Member] | Major US Plans [Member] | Private Equity Funds [Member]        
Fair Value of Plan Assets 0 0    
Fair Value, Inputs, Level 1 [Member] | Major US Plans [Member] | Derivatives With Unrealized Gains [Member]        
Fair Value of Plan Assets   1    
Fair Value, Inputs, Level 1 [Member] | Major US Plans [Member] | Derivatives With Unrealized Losses [Member]        
Fair Value of Plan Assets (5)      
Fair Value, Inputs, Level 1 [Member] | Major Non-US Plans [Member]        
Fair Value of Plan Assets 110 84    
Fair Value, Inputs, Level 1 [Member] | Major Non-US Plans [Member] | Cash and Cash Equivalents [Member]        
Fair Value of Plan Assets 43 13    
Fair Value, Inputs, Level 1 [Member] | Major Non-US Plans [Member] | Equity Securities [Member]        
Fair Value of Plan Assets 32 33    
Fair Value, Inputs, Level 1 [Member] | Major Non-US Plans [Member] | Investment Grade Bonds [Member]        
Fair Value of Plan Assets 34 35    
Fair Value, Inputs, Level 1 [Member] | Major Non-US Plans [Member] | Real Estate [Member]        
Fair Value of Plan Assets 0 0    
Fair Value, Inputs, Level 1 [Member] | Major Non-US Plans [Member] | Global High Yield & Emerging Market Debt [Member]        
Fair Value of Plan Assets 1 2    
Fair Value, Inputs, Level 1 [Member] | Major Non-US Plans [Member] | Hedge Funds [Member]        
Fair Value of Plan Assets   0    
Fair Value, Inputs, Level 1 [Member] | Major Non-US Plans [Member] | Private Equity Funds [Member]        
Fair Value of Plan Assets 0 0    
Fair Value, Inputs, Level 1 [Member] | Major Non-US Plans [Member] | Insurance Contracts [Member]        
Fair Value of Plan Assets 0 0    
Fair Value, Inputs, Level 1 [Member] | Major Non-US Plans [Member] | Derivatives With Unrealized Gains [Member]        
Fair Value of Plan Assets   1    
Fair Value, Inputs, Level 2 [Member] | Major US Plans [Member]        
Fair Value of Plan Assets 1,318 714    
Fair Value, Inputs, Level 2 [Member] | Major US Plans [Member] | Cash and Cash Equivalents [Member]        
Fair Value of Plan Assets [2] 0 0    
Fair Value, Inputs, Level 2 [Member] | Major US Plans [Member] | Government Bonds [Member]        
Fair Value of Plan Assets [3] 482 32    
Fair Value, Inputs, Level 2 [Member] | Major US Plans [Member] | Investment Grade Bonds [Member]        
Fair Value of Plan Assets [3] 836 682    
Fair Value, Inputs, Level 2 [Member] | Major US Plans [Member] | Real Estate [Member]        
Fair Value of Plan Assets   0    
Fair Value, Inputs, Level 2 [Member] | Major US Plans [Member] | Hedge Funds [Member]        
Fair Value of Plan Assets 0 0    
Fair Value, Inputs, Level 2 [Member] | Major US Plans [Member] | Private Equity Funds [Member]        
Fair Value of Plan Assets 0 0    
Fair Value, Inputs, Level 2 [Member] | Major US Plans [Member] | Derivatives With Unrealized Losses [Member]        
Fair Value of Plan Assets 0      
Fair Value, Inputs, Level 2 [Member] | Major Non-US Plans [Member]        
Fair Value of Plan Assets 74 75    
Fair Value, Inputs, Level 2 [Member] | Major Non-US Plans [Member] | Cash and Cash Equivalents [Member]        
Fair Value of Plan Assets 0 0    
Fair Value, Inputs, Level 2 [Member] | Major Non-US Plans [Member] | Equity Securities [Member]        
Fair Value of Plan Assets 0 0    
Fair Value, Inputs, Level 2 [Member] | Major Non-US Plans [Member] | Investment Grade Bonds [Member]        
Fair Value of Plan Assets 48 45    
Fair Value, Inputs, Level 2 [Member] | Major Non-US Plans [Member] | Real Estate [Member]        
Fair Value of Plan Assets 0 0    
Fair Value, Inputs, Level 2 [Member] | Major Non-US Plans [Member] | Global High Yield & Emerging Market Debt [Member]        
Fair Value of Plan Assets 0 0    
Fair Value, Inputs, Level 2 [Member] | Major Non-US Plans [Member] | Hedge Funds [Member]        
Fair Value of Plan Assets   0    
Fair Value, Inputs, Level 2 [Member] | Major Non-US Plans [Member] | Private Equity Funds [Member]        
Fair Value of Plan Assets 0 0    
Fair Value, Inputs, Level 2 [Member] | Major Non-US Plans [Member] | Insurance Contracts [Member]        
Fair Value of Plan Assets 26 30    
Fair Value, Inputs, Level 3 [Member] | Major US Plans [Member]        
Fair Value of Plan Assets 0 3 $ 3 $ 0
Fair Value, Inputs, Level 3 [Member] | Major US Plans [Member] | Cash and Cash Equivalents [Member]        
Fair Value of Plan Assets [2] 0 0    
Fair Value, Inputs, Level 3 [Member] | Major US Plans [Member] | Government Bonds [Member]        
Fair Value of Plan Assets [3] 0 0    
Fair Value, Inputs, Level 3 [Member] | Major US Plans [Member] | Investment Grade Bonds [Member]        
Fair Value of Plan Assets [3] 0 0    
Fair Value, Inputs, Level 3 [Member] | Major US Plans [Member] | Real Estate [Member]        
Fair Value of Plan Assets   0    
Fair Value, Inputs, Level 3 [Member] | Major US Plans [Member] | Hedge Funds [Member]        
Fair Value of Plan Assets 0 0    
Fair Value, Inputs, Level 3 [Member] | Major US Plans [Member] | Private Equity Funds [Member]        
Fair Value of Plan Assets 0 3 3 0
Fair Value, Inputs, Level 3 [Member] | Major US Plans [Member] | Derivatives With Unrealized Losses [Member]        
Fair Value of Plan Assets 0      
Fair Value, Inputs, Level 3 [Member] | Major Non-US Plans [Member]        
Fair Value of Plan Assets 272 287 289 342
Fair Value, Inputs, Level 3 [Member] | Major Non-US Plans [Member] | Cash and Cash Equivalents [Member]        
Fair Value of Plan Assets 0 0    
Fair Value, Inputs, Level 3 [Member] | Major Non-US Plans [Member] | Equity Securities [Member]        
Fair Value of Plan Assets 0 0    
Fair Value, Inputs, Level 3 [Member] | Major Non-US Plans [Member] | Investment Grade Bonds [Member]        
Fair Value of Plan Assets 0 0    
Fair Value, Inputs, Level 3 [Member] | Major Non-US Plans [Member] | Real Estate [Member]        
Fair Value of Plan Assets 0 0    
Fair Value, Inputs, Level 3 [Member] | Major Non-US Plans [Member] | Global High Yield & Emerging Market Debt [Member]        
Fair Value of Plan Assets 0 0    
Fair Value, Inputs, Level 3 [Member] | Major Non-US Plans [Member] | Hedge Funds [Member]        
Fair Value of Plan Assets   0    
Fair Value, Inputs, Level 3 [Member] | Major Non-US Plans [Member] | Private Equity Funds [Member]        
Fair Value of Plan Assets 0 0    
Fair Value, Inputs, Level 3 [Member] | Major Non-US Plans [Member] | Insurance Contracts [Member]        
Fair Value of Plan Assets 272 287 $ 289 $ 342
Fair Value Measured at Net Asset Value Per Share [Member] | Major US Plans [Member]        
Fair Value of Plan Assets 856 2,664    
Fair Value Measured at Net Asset Value Per Share [Member] | Major US Plans [Member] | Cash and Cash Equivalents [Member]        
Fair Value of Plan Assets [2] 0 0    
Fair Value Measured at Net Asset Value Per Share [Member] | Major US Plans [Member] | Government Bonds [Member]        
Fair Value of Plan Assets [3] 0 0    
Fair Value Measured at Net Asset Value Per Share [Member] | Major US Plans [Member] | Investment Grade Bonds [Member]        
Fair Value of Plan Assets [3] 0 0    
Fair Value Measured at Net Asset Value Per Share [Member] | Major US Plans [Member] | Real Estate [Member]        
Fair Value of Plan Assets   18    
Fair Value Measured at Net Asset Value Per Share [Member] | Major US Plans [Member] | Hedge Funds [Member]        
Fair Value of Plan Assets 689 1,552    
Fair Value Measured at Net Asset Value Per Share [Member] | Major US Plans [Member] | Private Equity Funds [Member]        
Fair Value of Plan Assets 167 1,094    
Fair Value Measured at Net Asset Value Per Share [Member] | Major US Plans [Member] | Derivatives With Unrealized Losses [Member]        
Fair Value of Plan Assets 0      
Fair Value Measured at Net Asset Value Per Share [Member] | Major Non-US Plans [Member]        
Fair Value of Plan Assets 38 82    
Fair Value Measured at Net Asset Value Per Share [Member] | Major Non-US Plans [Member] | Cash and Cash Equivalents [Member]        
Fair Value of Plan Assets 0 0    
Fair Value Measured at Net Asset Value Per Share [Member] | Major Non-US Plans [Member] | Equity Securities [Member]        
Fair Value of Plan Assets 0 0    
Fair Value Measured at Net Asset Value Per Share [Member] | Major Non-US Plans [Member] | Investment Grade Bonds [Member]        
Fair Value of Plan Assets 0 0    
Fair Value Measured at Net Asset Value Per Share [Member] | Major Non-US Plans [Member] | Real Estate [Member]        
Fair Value of Plan Assets 10 11    
Fair Value Measured at Net Asset Value Per Share [Member] | Major Non-US Plans [Member] | Global High Yield & Emerging Market Debt [Member]        
Fair Value of Plan Assets 0 0    
Fair Value Measured at Net Asset Value Per Share [Member] | Major Non-US Plans [Member] | Hedge Funds [Member]        
Fair Value of Plan Assets   29    
Fair Value Measured at Net Asset Value Per Share [Member] | Major Non-US Plans [Member] | Private Equity Funds [Member]        
Fair Value of Plan Assets 28 42    
Fair Value Measured at Net Asset Value Per Share [Member] | Major Non-US Plans [Member] | Insurance Contracts [Member]        
Fair Value of Plan Assets $ 0 $ 0    
[1] Net receivables as of December 31, 2024 and 2023 represent amounts associated with redemption of hedge funds net of payables for purchases of investments. As of December 31, 2024, Net receivables also included $16 million of proceeds associated with the sale of KRIP Illiquid Assets.
[2] Cash and cash equivalents are primarily held in short term investment funds and are used for benefit and fee payments, as well as for margin and liquidity requirements associated with the U.S. Plan’s derivative instrument contracts.
[3] Debt securities are valued using a market-based pricing model that utilizes standard valuation techniques that maximize the use of relevant observable inputs, including market prices for similar assets.