XML 142 R104.htm IDEA: XBRL DOCUMENT v3.25.0.1
RETIREMENT BENEFITS - Fair Value Disclosure (Details) - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
U.S.      
Defined Benefit Plan Disclosure      
Total net assets $ 9,849 $ 10,441  
U.S. | Fair Value, Inputs, Level 1, 2 and 3      
Defined Benefit Plan Disclosure      
Total net assets 7,299 7,869  
U.S. | Level 1      
Defined Benefit Plan Disclosure      
Total net assets 1,200 1,557  
U.S. | Level 2      
Defined Benefit Plan Disclosure      
Total net assets 6,095 6,307  
U.S. | Level 3      
Defined Benefit Plan Disclosure      
Total net assets 4 5 $ 7
U.S. | Total investments at fair value | Fair Value, Inputs, Level 1, 2 and 3      
Defined Benefit Plan Disclosure      
Total net assets 6,863 7,381  
U.S. | Total investments at fair value | Level 1      
Defined Benefit Plan Disclosure      
Total net assets 1,164 1,549  
U.S. | Total investments at fair value | Level 2      
Defined Benefit Plan Disclosure      
Total net assets 5,695 5,827  
U.S. | Total investments at fair value | Level 3      
Defined Benefit Plan Disclosure      
Total net assets 4 5  
U.S. | U.S. equities | Fair Value, Inputs, Level 1, 2 and 3      
Defined Benefit Plan Disclosure      
Total net assets 315 262  
U.S. | U.S. equities | Level 1      
Defined Benefit Plan Disclosure      
Total net assets 315 262  
U.S. | U.S. equities | Level 2      
Defined Benefit Plan Disclosure      
Total net assets 0 0  
U.S. | U.S. equities | Level 3      
Defined Benefit Plan Disclosure      
Total net assets 0 0  
U.S. | Non-U.S. equities | Fair Value, Inputs, Level 1, 2 and 3      
Defined Benefit Plan Disclosure      
Total net assets 269 315  
U.S. | Non-U.S. equities | Level 1      
Defined Benefit Plan Disclosure      
Total net assets 269 315  
U.S. | Non-U.S. equities | Level 2      
Defined Benefit Plan Disclosure      
Total net assets 0 0  
U.S. | Non-U.S. equities | Level 3      
Defined Benefit Plan Disclosure      
Total net assets 0 0  
U.S. | Mutual funds and other registered investment companies | Fair Value, Inputs, Level 1, 2 and 3      
Defined Benefit Plan Disclosure      
Total net assets 188 244  
U.S. | Mutual funds and other registered investment companies | Level 1      
Defined Benefit Plan Disclosure      
Total net assets 188 244  
U.S. | Mutual funds and other registered investment companies | Level 2      
Defined Benefit Plan Disclosure      
Total net assets 0 0  
U.S. | Mutual funds and other registered investment companies | Level 3      
Defined Benefit Plan Disclosure      
Total net assets 0 0  
U.S. | Commingled funds | Fair Value, Inputs, Level 1, 2 and 3      
Defined Benefit Plan Disclosure      
Total net assets 515 622  
U.S. | Commingled funds | Level 1      
Defined Benefit Plan Disclosure      
Total net assets 0 0  
U.S. | Commingled funds | Level 2      
Defined Benefit Plan Disclosure      
Total net assets 515 622  
U.S. | Commingled funds | Level 3      
Defined Benefit Plan Disclosure      
Total net assets 0 0  
U.S. | Debt securities | Fair Value, Inputs, Level 1, 2 and 3      
Defined Benefit Plan Disclosure      
Total net assets 5,535 5,731  
U.S. | Debt securities | Level 1      
Defined Benefit Plan Disclosure      
Total net assets 390 690  
U.S. | Debt securities | Level 2      
Defined Benefit Plan Disclosure      
Total net assets 5,145 5,041  
U.S. | Debt securities | Level 3      
Defined Benefit Plan Disclosure      
Total net assets 0 0  
U.S. | Annuity contracts | Fair Value, Inputs, Level 1, 2 and 3      
Defined Benefit Plan Disclosure      
Total net assets 3 3  
U.S. | Annuity contracts | Level 1      
Defined Benefit Plan Disclosure      
Total net assets 0 0  
U.S. | Annuity contracts | Level 2      
Defined Benefit Plan Disclosure      
Total net assets 0 0  
U.S. | Annuity contracts | Level 3      
Defined Benefit Plan Disclosure      
Total net assets 3 3 3
U.S. | Derivatives | Fair Value, Inputs, Level 1, 2 and 3      
Defined Benefit Plan Disclosure      
Total net assets 36 202  
U.S. | Derivatives | Level 1      
Defined Benefit Plan Disclosure      
Total net assets 1 38  
U.S. | Derivatives | Level 2      
Defined Benefit Plan Disclosure      
Total net assets 35 164  
U.S. | Derivatives | Level 3      
Defined Benefit Plan Disclosure      
Total net assets 0 0  
U.S. | Other investments | Fair Value, Inputs, Level 1, 2 and 3      
Defined Benefit Plan Disclosure      
Total net assets 2 2  
U.S. | Other investments | Level 1      
Defined Benefit Plan Disclosure      
Total net assets 1 0  
U.S. | Other investments | Level 2      
Defined Benefit Plan Disclosure      
Total net assets 0 0  
U.S. | Other investments | Level 3      
Defined Benefit Plan Disclosure      
Total net assets 1 2 4
U.S. | Cash and short-term investments | Fair Value, Inputs, Level 1, 2 and 3      
Defined Benefit Plan Disclosure      
Total net assets 485 662  
U.S. | Cash and short-term investments | Level 1      
Defined Benefit Plan Disclosure      
Total net assets 46 11  
U.S. | Cash and short-term investments | Level 2      
Defined Benefit Plan Disclosure      
Total net assets 439 651  
U.S. | Cash and short-term investments | Level 3      
Defined Benefit Plan Disclosure      
Total net assets 0 0  
U.S. | Other investment liabilities | Fair Value, Inputs, Level 1, 2 and 3      
Defined Benefit Plan Disclosure      
Total net assets (49) (174)  
U.S. | Other investment liabilities | Level 1      
Defined Benefit Plan Disclosure      
Total net assets (10) (3)  
U.S. | Other investment liabilities | Level 2      
Defined Benefit Plan Disclosure      
Total net assets (39) (171)  
U.S. | Other investment liabilities | Level 3      
Defined Benefit Plan Disclosure      
Total net assets 0 0  
U.S. | Other investment receivables redeemed at NAV | Net Asset Value      
Defined Benefit Plan Disclosure      
Total net assets 18    
U.S. | Other investment liabilities redeemed at NAV | Net Asset Value      
Defined Benefit Plan Disclosure      
Total net assets   (127)  
U.S. | Securities | Net Asset Value      
Defined Benefit Plan Disclosure      
Total net assets 2,532 2,699  
Non-U.S.      
Defined Benefit Plan Disclosure      
Total net assets 7,013 7,396  
Non-U.S. | Fair Value, Inputs, Level 1, 2 and 3      
Defined Benefit Plan Disclosure      
Total net assets 6,996 7,380  
Non-U.S. | Level 1      
Defined Benefit Plan Disclosure      
Total net assets 5,887 6,276  
Non-U.S. | Level 2      
Defined Benefit Plan Disclosure      
Total net assets 869 869  
Non-U.S. | Level 3      
Defined Benefit Plan Disclosure      
Total net assets 240 235 262
Non-U.S. | Total investments at fair value | Fair Value, Inputs, Level 1, 2 and 3      
Defined Benefit Plan Disclosure      
Total net assets 8,561 8,891  
Non-U.S. | Total investments at fair value | Level 1      
Defined Benefit Plan Disclosure      
Total net assets 5,774 6,193  
Non-U.S. | Total investments at fair value | Level 2      
Defined Benefit Plan Disclosure      
Total net assets 2,547 2,463  
Non-U.S. | Total investments at fair value | Level 3      
Defined Benefit Plan Disclosure      
Total net assets 240 235  
Non-U.S. | U.S. equities | Fair Value, Inputs, Level 1, 2 and 3      
Defined Benefit Plan Disclosure      
Total net assets 46 133  
Non-U.S. | U.S. equities | Level 1      
Defined Benefit Plan Disclosure      
Total net assets 46 133  
Non-U.S. | U.S. equities | Level 2      
Defined Benefit Plan Disclosure      
Total net assets 0 0  
Non-U.S. | U.S. equities | Level 3      
Defined Benefit Plan Disclosure      
Total net assets 0 0  
Non-U.S. | Non-U.S. equities | Fair Value, Inputs, Level 1, 2 and 3      
Defined Benefit Plan Disclosure      
Total net assets 435 722  
Non-U.S. | Non-U.S. equities | Level 1      
Defined Benefit Plan Disclosure      
Total net assets 435 722  
Non-U.S. | Non-U.S. equities | Level 2      
Defined Benefit Plan Disclosure      
Total net assets 0 0  
Non-U.S. | Non-U.S. equities | Level 3      
Defined Benefit Plan Disclosure      
Total net assets 0 0  
Non-U.S. | Mutual funds and other registered investment companies | Fair Value, Inputs, Level 1, 2 and 3      
Defined Benefit Plan Disclosure      
Total net assets 3,308 3,016  
Non-U.S. | Mutual funds and other registered investment companies | Level 1      
Defined Benefit Plan Disclosure      
Total net assets 2,990 2,706  
Non-U.S. | Mutual funds and other registered investment companies | Level 2      
Defined Benefit Plan Disclosure      
Total net assets 318 310  
Non-U.S. | Mutual funds and other registered investment companies | Level 3      
Defined Benefit Plan Disclosure      
Total net assets 0 0  
Non-U.S. | Commingled funds | Fair Value, Inputs, Level 1, 2 and 3      
Defined Benefit Plan Disclosure      
Total net assets   12  
Non-U.S. | Commingled funds | Level 1      
Defined Benefit Plan Disclosure      
Total net assets   12  
Non-U.S. | Commingled funds | Level 2      
Defined Benefit Plan Disclosure      
Total net assets   0  
Non-U.S. | Commingled funds | Level 3      
Defined Benefit Plan Disclosure      
Total net assets   0  
Non-U.S. | Debt securities | Fair Value, Inputs, Level 1, 2 and 3      
Defined Benefit Plan Disclosure      
Total net assets 3,324 3,636  
Non-U.S. | Debt securities | Level 1      
Defined Benefit Plan Disclosure      
Total net assets 2,303 2,620  
Non-U.S. | Debt securities | Level 2      
Defined Benefit Plan Disclosure      
Total net assets 1,021 1,016  
Non-U.S. | Debt securities | Level 3      
Defined Benefit Plan Disclosure      
Total net assets 0 0  
Non-U.S. | Real assets(1) | Fair Value, Inputs, Level 1, 2 and 3      
Defined Benefit Plan Disclosure      
Total net assets 2 2  
Non-U.S. | Real assets(1) | Level 1      
Defined Benefit Plan Disclosure      
Total net assets 0 0  
Non-U.S. | Real assets(1) | Level 2      
Defined Benefit Plan Disclosure      
Total net assets 0 0  
Non-U.S. | Real assets(1) | Level 3      
Defined Benefit Plan Disclosure      
Total net assets 2 2 2
Non-U.S. | Annuity contracts | Fair Value, Inputs, Level 1, 2 and 3      
Defined Benefit Plan Disclosure      
Total net assets 2 2  
Non-U.S. | Annuity contracts | Level 1      
Defined Benefit Plan Disclosure      
Total net assets 0 0  
Non-U.S. | Annuity contracts | Level 2      
Defined Benefit Plan Disclosure      
Total net assets 0 0  
Non-U.S. | Annuity contracts | Level 3      
Defined Benefit Plan Disclosure      
Total net assets 2 2 2
Non-U.S. | Derivatives | Fair Value, Inputs, Level 1, 2 and 3      
Defined Benefit Plan Disclosure      
Total net assets 1,208 1,137  
Non-U.S. | Derivatives | Level 1      
Defined Benefit Plan Disclosure      
Total net assets 0 0  
Non-U.S. | Derivatives | Level 2      
Defined Benefit Plan Disclosure      
Total net assets 1,208 1,137  
Non-U.S. | Derivatives | Level 3      
Defined Benefit Plan Disclosure      
Total net assets 0 0  
Non-U.S. | Other investments | Fair Value, Inputs, Level 1, 2 and 3      
Defined Benefit Plan Disclosure      
Total net assets 236 231  
Non-U.S. | Other investments | Level 1      
Defined Benefit Plan Disclosure      
Total net assets 0 0  
Non-U.S. | Other investments | Level 2      
Defined Benefit Plan Disclosure      
Total net assets 0 0  
Non-U.S. | Other investments | Level 3      
Defined Benefit Plan Disclosure      
Total net assets 236 231 258
Non-U.S. | Cash and short-term investments | Fair Value, Inputs, Level 1, 2 and 3      
Defined Benefit Plan Disclosure      
Total net assets 113 83  
Non-U.S. | Cash and short-term investments | Level 1      
Defined Benefit Plan Disclosure      
Total net assets 113 83  
Non-U.S. | Cash and short-term investments | Level 2      
Defined Benefit Plan Disclosure      
Total net assets 0 0  
Non-U.S. | Cash and short-term investments | Level 3      
Defined Benefit Plan Disclosure      
Total net assets 0 0  
Non-U.S. | Other investment liabilities | Fair Value, Inputs, Level 1, 2 and 3      
Defined Benefit Plan Disclosure      
Total net assets (1,678) (1,594)  
Non-U.S. | Other investment liabilities | Level 1      
Defined Benefit Plan Disclosure      
Total net assets 0 0  
Non-U.S. | Other investment liabilities | Level 2      
Defined Benefit Plan Disclosure      
Total net assets (1,678) (1,594)  
Non-U.S. | Other investment liabilities | Level 3      
Defined Benefit Plan Disclosure      
Total net assets 0 0  
Non-U.S. | Securities | Net Asset Value      
Defined Benefit Plan Disclosure      
Total net assets 17 16  
Pension Plans | U.S.      
Defined Benefit Plan Disclosure      
Total net assets $ 9,647 $ 10,210 10,145
Allocable interest (as a percent) 98.00% 98.00%  
Pension Plans | Non-U.S.      
Defined Benefit Plan Disclosure      
Total net assets $ 6,258 $ 6,426 6,086
Postretirement Benefit Plans | U.S.      
Defined Benefit Plan Disclosure      
Total net assets $ 202 $ 231 253
Allocable interest (as a percent) 2.00% 2.00%  
Postretirement Benefit Plans | Non-U.S.      
Defined Benefit Plan Disclosure      
Total net assets $ 755 $ 970 $ 855