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EMPLOYEE BENEFIT PLANS (Tables)
 12 Months Ended
Dec. 31, 2024
Retirement Benefits [Abstract]  
Schedule of Changes in Projected Benefit Obligations Reconciliation of the beginning and ending balances of the benefit obligations for the Company’s pension plans are as follows:
International Pension Benefits
In millions20242023
Change in benefit obligation
Benefit obligation as of January 1$192 $178 
Net service cost1 2 
Interest cost5 6 
Actuarial (gain) loss(10)15 
Benefits paid(11)(14)
Plan participant contributions(3)— 
Currency translation adjustments(12)5 
Benefit obligation as of December 31$162 $192 
Accumulated benefit obligation as of December 31$161 $191 
Reconciliation of the beginning and ending balances of the benefit obligation for the Company’s postemployment plan was:
Postemployment Benefits
In millions20242023
Change in benefit obligation
Benefit obligation as of January 1$65 $93 
Service cost
36 15 
Interest cost2 2 
Amendments— — 
Benefits paid(55)(54)
Foreign currency exchange— — 
Actuarial (gain) loss7 9 
Benefit obligation as of December 31$55 $65 
Schedule of Changes in Fair Value of Plan Assets
A reconciliation of the beginning and ending balances of the fair value of the plan assets of the Company’s pension plans are as follows:
International Pension Benefits
In millions20242023
Change in plan assets
Fair value of plan assets as of January 1$56 $51 
Actual return on plan assets9 10 
Company contributions12 13 
Benefits paid(11)(14)
Settlement(3)— 
Currency translation adjustments(5)(4)
Plan participant contributions— — 
Fair value of plan assets as of December 31$58 $56 
Schedule of Net Benefit Costs and Amounts Recognized in Balance Sheet
The following table presents the funded status and the reconciliation of the funded status to amounts recognized in the Consolidated Balance Sheets and in Accumulated other comprehensive loss as of December 31:
International Pension Benefits
In millions20242023
Funded Status$(104)$(136)
Amounts recognized in the Consolidated Balance Sheets
Noncurrent assets$47 $43 
Current liabilities(11)(12)
Noncurrent liabilities(140)(167)
Net amounts recognized$(104)$(136)
Amounts recognized in accumulated other comprehensive loss
Prior service cost— — 
Total$— $— 
The following table presents the funded status and the reconciliation of the unfunded status to amounts recognized in the Consolidated Balance Sheets and in Accumulated other comprehensive loss at December 31:
Postemployment Benefits
In millions20242023
Benefit obligation$55 $65 
Amounts recognized in the Consolidated Balance Sheets
Current liabilities$14 $22 
Noncurrent liabilities41 43 
Net amounts recognized$55 $65 
Amounts recognized in Accumulated other comprehensive loss
Net actuarial (gain) loss$7 $9 
Amortization of gain (loss)— 1 
Amortization of prior service cost 1 1 
Total$8 $11 
Schedule of Net Benefit Costs
The net periodic benefit (income) cost of the pension plans for the years ended December 31 was as follows:
In millionsInternational Pension Benefits
202420232022
Net service cost$1 $2 $2 
Interest cost5 6 2 
Expected return on plan assets(2)(2)(1)
Amortization of prior service cost— — — 
Actuarial (gain) loss(12)7 (41)
Net periodic benefit (income) cost$(8)$13 $(38)
The net periodic benefit cost of the postemployment plan for the years ended December 31 was:
In millionsPostemployment Benefits
202420232022
Service cost$36 15 58 
Interest cost2 2 1 
Amortization of:
   Prior service benefit(1)(1)(1)
   Actuarial gain— (1)— 
Net periodic benefit cost$37 $15 $58 
Schedule of Defined Benefit Plan, Assumptions
The weighted average rates and assumptions used to determine benefit obligations as of December 31 were as follows:
International Pension Benefits
20242023
Discount rate3.2 %3.0 %
Rate of compensation increase2.5 %2.4 %

The weighted average rates and assumptions used to determine net periodic benefit (income) cost for the years ended December 31 were as follows:
International  Pension Benefits
202420232022
Discount rate - Service Cost2.0 %1.8 %0.8 %
Discount rate - Interest Cost3.0 %3.4 %0.7 %
Expected return on plan assets5.0 %5.0 %2.1 %
Rate of compensation increase2.5 %1.0 %0.9 %
The weighted average assumptions utilized in accounting for postemployment benefit obligations as of December 31 and for postemployment benefit costs for the years ended December 31 were:
Postemployment Benefit ObligationsPostemployment Benefit Costs
20242023202420232022
Discount rate for severance plan3.9 %4.1 %4.1 %5.1 %2.3 %
Salary increase rate3.5 %3.4 %3.4 %3.1 %2.6 %
Involuntary turnover rate3.8 %3.8 %3.8 %3.8 %3.8 %
Schedule of Allocation of Plan Assets The weighted average asset allocations as of December 31, 2024 and 2023 by asset category are as follows:
International Pension Fund
Actual Allocation of Plan Assets as of December 31Target Asset Allocation
20242023
Equity and other investments(1)
66 %66 %62.5%
Debt securities(2)
33 %33 %37.2%
Other1 %1 %0.3%
Total100 %100 %
(1) Includes equity securities and equities held in comingled trusts.
(2) Includes debt securities and debt held in comingled trusts.
The fair value of plan assets as of December 31, 2024 and 2023 by asset category is as follows:
International
In millionsNotesFair Value as of December 31, 2024Quoted Prices in Active Markets for Identical Assets (Level 1)Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs
(Level 3)		Not Subject to Leveling
Assets
Equity securities and other investments:
Common and commingled trusts - Equities1 $39 $— $— $— $39 
Fixed income securities:
Common and commingled trusts - Bonds1 19 — — — 19 
Total$58 $— $— $— $58 
International
In millionsNotesFair Value as of December 31, 2023Quoted Prices in Active Markets for Identical Assets (Level 1)Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs
(Level 3)		Not Subject to Leveling
Assets
Equity securities and other investments:
Common and commingled trusts - Equities1 $37 $— $— $— $37 
Fixed income securities:
Common and commingled trusts - Bonds1 19 — — — 19 
Total$56 $— $— $— $56 
Notes:
1.Common/collective trusts and registered investment companies (RICs) such as mutual funds are valued using a Net Asset Value (NAV) provided by the manager of each fund. The NAV is based on the underlying net assets owned by the fund, divided by the number of shares or units outstanding. The fair value of the underlying securities within the fund, which are generally traded on an active market, are valued at the closing price reported on the active market on which those individual securities are traded. For investments not traded on an active market, or for which a quoted price is not publicly available, a variety of unobservable valuation methodologies, including discounted cash flow, market multiple and cost valuation approaches, are employed by the fund manager or independent third party to value investments.
Schedule of Expected Benefit Payments The Company expects to make the following benefit payments reflecting past and future service from its pension and postemployment plans:
In millionsInternational Pension BenefitsPostemployment Benefits
Year
2025$13 $13 
2026$13 $7 
2027$13 $7 
2028$13 $7 
2029$13 $7 
2030-2034$52 $31