XML 30 R19.htm IDEA: XBRL DOCUMENT v3.25.3
Pension and Other Postretirement Benefits
 9 Months Ended
Sep. 30, 2025
Retirement Benefits [Abstract]  
Pension and Other Postretirement Benefits Pension and Other Postretirement Benefits
The components of net periodic pension and other postretirement benefits costs for the three and nine months ended September 30, 2025 and 2024 were as follows:
Three Months EndedNine Months Ended
 September 30,September 30,
Pension benefits – U.S. plans2025202420252024
Service cost$3 $4 $9 $11 
Interest cost4 10 12 36 
Expected return on plan assets(3)(13)(10)(43)
Recognized net loss3 8 9 30 
Settlement and curtailments— 469 — 469 
Net periodic cost$7 $478 $20 $503 
Three Months EndedNine Months Ended
 September 30,September 30,
Pension benefits – Non-U.S. plans2025202420252024
Service cost$2 $2 $6 $6 
Interest cost3 4 9 13 
Expected return on plan assets(3)(4)(9)(15)
Recognized net loss— — — 3 
Special termination benefits— — — 2 
Settlement and curtailments— 48 (5)48 
Net periodic cost$2 $50 $1 $57 

Three Months EndedNine Months Ended
 September 30,September 30,
Other postretirement benefits2025202420252024
Interest cost$1 $1 $3 $4 
Net periodic cost$1 $1 $3 $4 

The components of net periodic cost other than the service cost component are included in Other pension and postretirement in the Consolidated Statement of Operations.

In the third quarter of 2024, the Company's Canadian and primary U.S. defined benefit pension plans entered into transactions to transfer a significant portion of their pension liabilities through the purchase of group annuity insurance contracts for the benefit of nearly all their respective retiree and deferred vested participants. The issuers of the group annuity insurance contracts fully guarantee and are solely responsible for paying each participant's future benefits in full. The Company used plan assets to settle $120 of Canadian Plan obligations and $740 of U.S. Plans obligations and recorded settlement charges of $48 and $469, respectively, for the Canadian and U.S. Plans.

The following table provides information about amounts reclassified from accumulated other comprehensive income.
Three Months EndedNine Months Ended
September 30,September 30,
Details about accumulated other comprehensive income components2025202420252024Affected line items in the statement of operations
Actuarial losses$3 $8 $9 $33 Other pension and postretirement
Settlement loss— 517 — 517 Other pension and postretirement
3 525 9 550 Income before taxes and equity in net earnings of affiliates
— (129)(2)(134)Provision for income taxes
Total reclassified$3 $396 $7 $416 Net income

During the nine months ended September 30, 2025, the Company received a $24 repayment, included within Pension contributions in the Consolidated Statements of Cash Flows, of the contribution the Company made in 2021 to settle the U.K. defined pension plan.