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Pension and Other Postretirement Benefits (Tables)
9 Months Ended
Sep. 30, 2025
Retirement Benefits [Abstract]  
Components of Net Periodic Benefit Cost

The components of net periodic benefit cost were as follows:

 

 

Third quarter ended
September 30,

 

 

Nine months ended
September 30,

 

Pension benefits

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Service cost

 

$

1

 

 

$

3

 

 

$

4

 

 

$

8

 

Interest cost(1)

 

 

25

 

 

 

27

 

 

 

75

 

 

 

81

 

Expected return on plan assets(1)

 

 

(30

)

 

 

(34

)

 

 

(92

)

 

 

(104

)

Recognized net actuarial loss(1)

 

 

9

 

 

 

7

 

 

 

27

 

 

 

23

 

Curtailments(2)

 

 

 

 

 

 

 

 

 

 

 

1

 

Settlements(2)

 

 

(1

)

 

 

 

 

 

(1

)

 

 

(1

)

Net periodic benefit cost

 

$

4

 

 

$

3

 

 

$

13

 

 

$

8

 

 

 

 

Third quarter ended
September 30,

 

 

Nine months ended
September 30,

 

Other postretirement benefits

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Service cost

 

$

 

 

$

1

 

 

$

1

 

 

$

2

 

Interest cost(1)

 

 

6

 

 

 

6

 

 

 

17

 

 

 

18

 

Recognized net actuarial loss(1)

 

 

1

 

 

 

1

 

 

 

3

 

 

 

4

 

Amortization of prior service benefit(1)

 

 

(4

)

 

 

(3

)

 

 

(10

)

 

 

(10

)

Net periodic benefit cost

 

$

3

 

 

$

5

 

 

$

11

 

 

$

14

 

(1)
These amounts were reported in Other (income) expenses, net on the accompanying Statement of Consolidated Operations (see Note Q).
(2)
These amounts were reported in Restructuring and other charges, net on the accompanying Statement of Consolidated Operations and Cash Flows.
Summary of Information in Curtailment or Settlement of Benefits Requiring Remeasurement, Update to Discount Rates Used to Determine Benefit Obligations of Affected Plans Statement of Consolidated Operations.

Action #

 

Number of
affected
plan
participants

 

Weighted
average
discount rate
as of prior plan remeasurement
date

 

Plan
remeasurement
date

 

Weighted
average
discount rate
as of plan
remeasurement
date

 

Decrease to
other noncurrent assets

 

 

Settlement gain(1)

 

1

 

~25

 

4.87%

 

September 30, 2025

 

4.49%

 

$

(2

)

 

$

(1

)

(1)
This amount represents the net actuarial gain and was reclassified from Accumulated other comprehensive loss to Restructuring and other charges, net on the accompanying Statement of Consolidated Operations.