XML 63 R50.htm IDEA: XBRL DOCUMENT v3.25.1
PENSION PLANS AND OTHER POST-EMPLOYMENT BENEFITS (Tables)
 12 Months Ended
Dec. 31, 2024
Retirement Benefits [Abstract]  
Schedule of Weighted-Average Assumptions Used
The weighted-average assumptions used to determine pension plan obligations and net periodic benefit costs for all plans are summarized in the table below:
Weighted-Average Assumptions for Pension Plans Benefit Obligations
 at December 31,		Net Periodic Costs
for the Years Ended
 20242023202420232022
Discount rate3.67 %3.26 %3.46 %3.05 %1.48 %
Interest crediting rate for applicable benefits1.75 %2.00 %2.00 %2.25 %1.25 %
Rate of compensation increase3.41 %3.11 %3.11 %3.25 %3.15 %
Expected return on plan assetsN/AN/A4.43 %3.61 %2.69 %
Schedule of Pension Plans and Other Postretirement Benefits
Summarized information on the Company's pension and other postretirement benefit plans is as follows:
Change in Projected Benefit Obligations of All Plans20242023
In millions
Change in projected benefit obligations:
Benefit obligations at beginning of year$2,704 $2,726 
Service cost17 25 
Interest cost84 99 
Plan participants' contributions9 7 
Actuarial changes in assumptions and experience
(49)132 
Benefits paid(208)(208)
Acquisitions/divestitures/other 1
— (209)
Effect of foreign exchange rates(122)133 
Termination benefits/curtailment cost/settlements— (1)
Benefit obligations at end of year$2,435 $2,704 
1.The year ended 2023 is primarily related to the Delrin® Divestiture.

Change in Plan Assets and Funded Status of All Plans20242023
In millions
Change in plan assets:
Fair value of plan assets at beginning of year$2,424 $2,596 
Actual return on plan assets (14)109 
Employer contributions51 66 
Plan participants' contributions9 7 
Benefits paid(208)(208)
Acquisitions/divestitures/other 1
— (285)
Effect of foreign exchange rates(101)139 
Fair value of plan assets at end of year$2,161 $2,424 
Funded status:
Plans with plan assets$186 $233 
All other plans(460)(513)
Funded status at end of year$(274)$(280)
1.The year ended 2023 is primarily related to the Delrin® Divestiture.

The following tables summarize the amounts recognized in the Consolidated Balance Sheets for all significant plans:
Amounts Recognized in the Consolidated Balance Sheets for All Significant PlansDecember 31, 2024December 31, 2023
In millions
Amounts recognized in the consolidated balance sheets:
Deferred charges and other assets$291 $338 
Accrued and other current liabilities(42)(53)
Pension and other postretirement benefits - noncurrent(523)(565)
Net amount recognized$(274)$(280)
Pretax amounts recognized in accumulated other comprehensive loss (income):
Net loss (gain)$167 $95 
Prior service credit(4)(8)
Pretax balance in accumulated other comprehensive loss at end of year
$163 $87 
Schedule of Accumulated Benefit Obligations in Excess of Plan Assets
Pension Plans with Accumulated Benefit Obligations in Excess of Plan AssetsDecember 31, 2024December 31, 2023
In millions
Accumulated benefit obligations$646 $700 
Fair value of plan assets$134 $138 
Schedule of Pension Plans with Projected Benefit Obligations in Excess of Plan Assets
Pension Plans with Projected Benefit Obligations in Excess of Plan AssetsDecember 31, 2024December 31, 2023
In millions
Projected benefit obligations$683 $743 
Fair value of plan assets$144 $154 
Schedule of Net Periodic Benefit Costs
Net Periodic Benefit Costs for All Significant Plans for the Years Ended December 31,202420232022
In millions
Net Periodic Benefit Costs:
Service cost$17 $25 $43 
Interest cost84 99 55 
Expected return on plan assets(100)(92)(97)
Amortization of prior service credit(3)(3)(5)
Amortization of unrecognized net (gain) loss— (1)1 
Curtailment/settlement1 (3)(4)
Net periodic benefit (credits) costs - Total$(1)$25 $(7)
Less: Net periodic benefit credits - Discontinued operations— (6)(9)
Net periodic benefit (credit) costs - Continuing operations 1
$(1)$31 $2 
Changes in plan assets and benefit obligations recognized in other comprehensive loss (income):
Net loss (gain)$70 $108 $(35)
Amortization of prior service credit3 3 5 
Amortization of unrecognized gain (loss)— 1 (1)
Settlement (loss) gain(1)3 4 
Effect of foreign exchange rates(1)1 5 
Total recognized in other comprehensive loss (income)$71 $116 $(22)
Total recognized in net periodic benefit costs (credits) and other comprehensive loss (income)$70 $147 $(20)
1. Refer to the separate table below for details of Net Periodic Benefit Costs for Plans in Continuing Operations.
Net Periodic Benefit Costs for Plans in Continuing Operations for the Years Ended December 31,202420232022
In millions
Net Periodic Benefit Costs:
Service cost$17 $22 $30 
Interest cost84 93 49 
Expected return on plan assets(100)(78)(73)
Amortization of prior service credit(3)(2)(4)
Amortization of unrecognized net (gain) loss— (1)4 
Curtailment/settlement1 (3)(4)
Net periodic benefit costs - Continuing operations$(1)$31 $2 
Schedule of Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive (Income) Loss
Net Periodic Benefit Costs for All Significant Plans for the Years Ended December 31,202420232022
In millions
Net Periodic Benefit Costs:
Service cost$17 $25 $43 
Interest cost84 99 55 
Expected return on plan assets(100)(92)(97)
Amortization of prior service credit(3)(3)(5)
Amortization of unrecognized net (gain) loss— (1)1 
Curtailment/settlement1 (3)(4)
Net periodic benefit (credits) costs - Total$(1)$25 $(7)
Less: Net periodic benefit credits - Discontinued operations— (6)(9)
Net periodic benefit (credit) costs - Continuing operations 1
$(1)$31 $2 
Changes in plan assets and benefit obligations recognized in other comprehensive loss (income):
Net loss (gain)$70 $108 $(35)
Amortization of prior service credit3 3 5 
Amortization of unrecognized gain (loss)— 1 (1)
Settlement (loss) gain(1)3 4 
Effect of foreign exchange rates(1)1 5 
Total recognized in other comprehensive loss (income)$71 $116 $(22)
Total recognized in net periodic benefit costs (credits) and other comprehensive loss (income)$70 $147 $(20)
1. Refer to the separate table below for details of Net Periodic Benefit Costs for Plans in Continuing Operations.
Net Periodic Benefit Costs for Plans in Continuing Operations for the Years Ended December 31,202420232022
In millions
Net Periodic Benefit Costs:
Service cost$17 $22 $30 
Interest cost84 93 49 
Expected return on plan assets(100)(78)(73)
Amortization of prior service credit(3)(2)(4)
Amortization of unrecognized net (gain) loss— (1)4 
Curtailment/settlement1 (3)(4)
Net periodic benefit costs - Continuing operations$(1)$31 $2 
Schedule of Estimated Future Benefit Payments
The estimated future benefit payments of continuing operations, reflecting expected future service, as appropriate, are presented in the following table:
Estimated Future Benefit Payments at December 31, 2024
In millions
2025$173 
2026171 
2027167 
2028169 
2029174 
Years 2030-2034845 
Total$1,699 
Schedule of Target Allocation for Plan Assets
The weighted-average target allocation for plan assets of DuPont's pension plans is summarized as follows:
Target Allocation for Plan Assets at December 31, 2024DuPont
Asset Category
Equity securities2 %
Fixed income securities9 
Alternative investments24 
Hedge funds26 
Pooled investment vehicles32 
Other investments7 
Total 100 %
The following table summarizes the bases used to measure the Company’s pension plan assets at fair value for the years ended December 31, 2024 and 2023:
Basis of Fair Value MeasurementsDecember 31, 2024December 31, 2023
In millionsTotalLevel 1Level 2Level 3TotalLevel 1Level 2Level 3
Cash and cash equivalents$52 $52 $— $— $55 $55 $— $— 
Equity securities:
U.S. equity securities$20 $20 $— $— $20 $20 $— $— 
Non - U.S. equity securities26 26 — — 29 29 — — 
Total equity securities$46 $46 $— $— $49 $49 $— $— 
Fixed income securities:
Debt - government-issued$34 $— $34 $— $34 $— $34 $— 
Debt - corporate-issued4 — 4 — 5 — 5 — 
Total fixed income securities$38 $— $38 $— $39 $— $39 $— 
Alternative investments:
Real estate$75 $— $— $75 $79 $— $— $79 
   Insurance contracts468 — — 468 524 — — 524 
Derivatives - asset position— — — — 3 — 3 — 
Derivatives - liability position(3)— (3)— — — — — 
Total alternative investments$540 $— $(3)$543 $606 $— $3 $603 
Other Investments:
Pooled Investment Vehicles$685 $685 $— $— $681 $681 $— $— 
Total other investments$685 $685 $— $— $681 $681 $— $— 
Subtotal$1,361 $783 $35 $543 $1,430 $785 $42 $603 
Investments measured at net asset value:
Debt - government-issued$147 $187 
Hedge funds552 667 
Private market securities101 126 
Total investments measured at net asset value
$800 $980 
Items to reconcile to fair value of plan assets:
Pension trust receivables 1
$—    $14    
Pension trust payables 2
—    — 
Total$2,161    $2,424    
1. Primarily receivables for investment securities sold.
2. Primarily payables for investment securities purchased.
Schedule of Fair Value Measurement of Level 3 Plan Assets
The following table summarizes the changes in the fair value of Level 3 pension plan assets for the years ended December 31, 2024 and 2023:
Fair Value Measurement of Level 3 Pension Plan AssetsReal EstateInsurance ContractsTotal
In millions
Balance at Jan 1, 2023$75 $524 $599 
Actual return on assets:
Relating to assets held at Dec 31, 20232 26 28 
Purchases, sales and settlements, net2 (16)(14)
Transfers out of Level 3 1
— (10)(10)
Balance at Dec 31, 2023$79 $524 $603 
Actual return on assets:
Relating to assets held at Dec 31, 2024(6)(56)(62)
Purchases, sales and settlements, net2 (3)(1)
Transfers into Level 3— 3 3 
Balance at Dec 31, 2024$75 $468 $543 
1. Related to the Delrin® Divestiture