PENSIONS AND OTHER POSTRETIREMENT BENEFITS

3 Months Ended

Mar. 31, 2025

Retirement Benefits [Abstract]

PENSIONS AND OTHER POSTRETIREMENT BENEFITS

PENSIONS AND OTHER POSTRETIREMENT BENEFITS

The Company maintains both defined benefit pension plans and postretirement health care plans that provide medical and life insurance coverage to eligible salaried and hourly retired employees in North America and their dependents. The Company maintains international defined benefit pension plans which are either noncontributory or contributory and are funded in accordance with applicable local laws. Pension or termination benefits are based primarily on years of service and the employee's compensation. Currently, the North American plans are closed to newly-hired employees.

Pension Expense

The pension expenses related to the Company’s plans consisted of the following:

	Pension Benefits
	Three Months Ended March 31,
In millions	2025		2024
Components of Net Periodic Cost:
Service Cost	$	1	$	2
Interest Cost	6		5
Expected Return on Plan Assets	(6)		(5)
Amortization:
Actuarial Loss	1		1
Net Periodic Cost	$	2	$	3

Employer Contributions

The Company made $2 million of contributions to its pension plans during the first three months of 2025 and 2024. The Company expects to make contributions in the range of $10 million to $15 million for the full year of 2025.

The Company did not make any postretirement health care benefit contributions during the first three months of 2025 and 2024. For the full year 2025, the Company expects to make approximately $2 million in contributions to its postretirement health care plans.