XML 68 R55.htm IDEA: XBRL DOCUMENT v3.25.4
Pension and Other Post-Retirement Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2025
Pension and Other Post-Retirement Benefit Plans  
Components of net periodic benefit cost (credit)

​

​

​

​

​

​

​

​

​

​

​

​

​

U.S. and Non-U.S. Pension Benefits

​

​

Year Ended December 31, 

​

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

​

​

(in millions)

Interest cost

​

$

6

​

$

6

​

$

6

Expected return on plan assets

​

 

(5)

​

 

(5)

​

 

(5)

Amortization of actuarial losses

​

 

—

​

 

—

​

 

0

​

​

$

1

​

$

1

​

$

1

Changes in benefit obligations and plan assets, and funded status of plans

​

​

​

​

​

​

​

​

​

​

U.S. and Non-U.S. Pension Benefits

​

  ​ ​ ​

2025

  ​ ​ ​

2024

​

​

(in millions)

Change in benefit obligation:

​

​

  ​

  ​ ​ ​

​

  ​

Benefit obligation, beginning of year

​

$

109

​

$

116

Interest cost

​

 

6

​

 

6

Benefits paid

​

 

(8)

​

 

(9)

Actuarial loss (gain)

​

 

—

​

 

(2)

Currency translation

​

 

3

​

 

(2)

Benefit obligation, end of year

​

 

110

​

 

109

Change in plan assets:

​

 

​

​

 

  ​

Fair value of plan assets, beginning of year

​

 

88

​

 

89

Actual return on plan assets

​

 

8

​

 

4

Employer contributions

​

 

3

​

 

4

Benefits paid

​

 

(8)

​

 

(9)

Fair value of plan assets, end of year

​

 

91

​

 

88

Funded status of the plan and amounts recognized in the consolidated balance sheets

​

$

(19)

​

$

(21)

Defined benefit plan assets measured at fair value on a recurring basis

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2025

​

December 31, 2024

​

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Total

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Total

​

​

(in millions)

U.S. and Non-U.S. Plans:

​

​

  ​

​

​

  ​

​

​

  ​

​

​

  ​

​

​

  ​

​

​

  ​

Cash and cash equivalents

​

$

3

​

$

—

​

$

3

​

$

2

​

$

—

​

$

2

Government debt securities

​

 

6

​

 

55

​

 

61

​

 

1

​

 

56

​

 

57

Exchange traded funds

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

Mutual funds

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

Common stock

​

 

27

​

 

—

​

 

27

​

 

29

​

 

—

​

 

29

​

​

$

36

​

$

55

​

$

91

​

$

32

​

$

56

​

$

88

​