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Pension and Other Postretirement Employee Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2025
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]  
Funded Status of Pension and Postretirement Benefit Plans
The following sets forth the funded status of the U.S. pension, non-U.S. pension and postretirement benefit plans as of the most recent actuarial valuations using measurement dates of December 31 ($ in millions):
 U.S. Pension BenefitsNon-U.S. Pension BenefitsPostretirement Benefits
 202520242025202420252024
Change in pension benefit obligation:
Benefit obligation at beginning of year$(1,703)$(1,858)$(1,303)$(1,349)$(92)$(98)
Service cost— — (34)(32)— — 
Interest cost(85)(90)(47)(45)(4)(4)
Employee/retiree contributions— — (10)(8)(1)(2)
Benefits and other expenses paid155 152 57 50 12 12 
Actuarial gain (loss) (35)47 51 29 (4)— 
Amendments, settlements and curtailments— 46 11 16 — — 
Foreign exchange rate impact and other— — (165)36 (1)— 
Benefit obligation at end of year(1,668)(1,703)(1,440)(1,303)(90)(92)
Change in plan assets:
Fair value of plan assets at beginning of year1,914 1,889 779 815 — — 
Actual return on plan assets252 214 24 (14)— — 
Employer contributions9 8 41 37 11 11 
Employee contributions— — 10 8 1 1 
Amendments and settlements— (45)(10)(13)— — 
Benefits and other expenses paid(155)(152)(57)(50)(12)(12)
Foreign exchange rate impact and other— — 74 (4)— — 
Fair value of plan assets at end of year2,020 1,914 861 779 — — 
Funded status$352 $211 $(579)$(524)$(90)$(92)
Projected Benefit Obligation and Fair Value of Plan Assets
Projected benefit obligation (“PBO”) and fair value of plan assets for pension plans and postretirement benefit plans with PBO’s in excess of plan assets ($ in millions):
U.S. Pension BenefitsNon-U.S. Pension BenefitsPostretirement Benefits
202520242025202420252024
PBO$84 $85 $958 $865 $90 $92 
Fair value of plan assets— — 316 276 — — 
Accumulated Benefit Obligation and Fair Value of Plan Assets
Accumulated benefit obligation (“ABO”) and fair value of plan assets for pension plans with ABO’s in excess of plan assets ($ in millions):
U.S. Pension BenefitsNon-U.S. Pension Benefits
2025202420252024
ABO$84 $85 $892 $803 
Fair value of plan assets— — 309 271 
Weighted Average Assumptions Used to Determine Benefit Obligations and Cost
Weighted average assumptions used to determine benefit obligations at date of measurement:
 U.S. Pension BenefitsNon-U.S. Pension BenefitsPostretirement Benefits
 202520242025202420252024
Discount rate5.3 %5.6 %3.9 %3.5 %5.0 %5.5 %
Rate of compensation increaseN/AN/A2.8 %2.9 %N/AN/A
Weighted average assumptions used to determine net periodic pension benefit (cost) at date of measurement:
 U.S. PlansNon-U.S. Plans
 2025202420252024
Discount rate5.6 %5.1 %3.5 %3.5 %
Expected long-term return on plan assets6.8 %6.8 %4.4 %4.2 %
Rate of compensation increaseN/AN/A2.9 %3.1 %
Components of Net Periodic Pension and Postretirement Benefit (Cost)
Components of net periodic pension and postretirement benefit (cost) ($ in millions):
 U.S. Pension BenefitsNon-U.S. Pension BenefitsPostretirement Benefits
202520242025202420252024
Service cost$— $— $(34)$(32)$— $— 
Interest cost(85)(90)(47)(45)(4)(4)
Expected return on plan assets117 121 33 31 — — 
Amortization of prior service (cost) credit(1)(1)1 1 2 2 
Amortization of net (loss) gain(11)(13)1 — — — 
Curtailment and settlement (losses) gains recognized— — — (1)— — 
Net periodic pension benefit (cost)$20 $17 $(46)$(46)$(2)$(2)
Fair Values of Pension Plan Assets
The fair values of the Company’s pension plan assets for both the U.S. and non-U.S. plans as of December 31, 2025 and 2024, by asset category were as follows ($ in millions):
Quoted Prices in Active Market (Level 1)Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs (Level 3)Total
20252024202520242025202420252024
Cash and equivalents$160 $209 $— $— $— $— $160 $209 
Equity securities:
Common stock281 276 — — — — 281 276 
Preferred stock— 1 — — — — — 1 
Fixed income securities:
Corporate bonds— — 213 252 — — 213 252 
Government issued— — 27 24 — — 27 24 
Buy-in annuity contract— — — — 351 — 351 — 
Mutual funds133 118 205 164 — — 338 282 
Insurance contracts— — 322 268 — — 322 268 
Total$574 $604 $767 $708 $351 $— 1,692 1,312 
Investments measured at NAV(a):
Common/collective trusts817 1,013 
Venture capital, partnerships and other private investments372 368 
Total assets at fair value$2,881 $2,693 
(a)    The fair value amounts presented in the table above are intended to permit reconciliation of the fair value hierarchy to the total plan assets.
Reconciliation of Changes in Fair Value Measurement of Plan Assets The following table presents a reconciliation of the beginning and ending balances of the fair value measurements using significant unobservable inputs (Level 3) ($ in millions):
Balance, December 31, 2024$— 
Purchases349 
Unrealized gains/(losses)2 
Balance, December 31, 2025$351 
Benefit Payments that Reflect Expected Future Service
The following sets forth benefit payments, which reflect expected future service, as appropriate, expected to be paid by the plans in the periods indicated ($ in millions):
U.S. Pension PlansNon-U.S. Pension PlansPostretirement Benefit PlansAll Plans
2026$168 $69 $13 $250 
2027167 84 11 262 
2028164 77 10 251 
2029161 79 9 249 
2030159 83 9 251 
2031 - 2035632 432 34 1,098