XML 134 R96.htm IDEA: XBRL DOCUMENT v3.25.0.1
RETIREMENT BENEFITS - Funded Status and Accumulated Other Comprehensive Income (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Amounts recognized in AOCI      
Sum of all settlements to trigger settlement accounting (percentage) 10.00%    
U.S.      
Change in plan assets      
Plan assets at fair value at beginning of year $ 10,441    
Plan assets at fair value at year end 9,849 $ 10,441  
Amounts recognized in AOCI      
Net amount recognized in AOCI 12 13  
U.S. | Pension Plans      
Change in projected benefit obligation      
Benefit obligation at beginning of year 9,640 9,741  
Service cost 0 0 $ 0
Interest cost on benefit obligation 466 505 442
Plan amendments 0 0  
Actuarial loss (gain) (262) 282  
Benefits paid, net of participants’ contributions (888) (888)  
Divestitures 0 0  
Settlement 0 0  
Curtailment 0 0  
Foreign exchange impact and other 0 0  
Benefit obligation at year end 8,956 9,640 9,741
Change in plan assets      
Plan assets at fair value at beginning of year 10,210 10,145  
Actual return on assets 266 895  
Company contributions, net of reimbursements 59 58  
Benefits paid, net of participants’ contributions (888) (888)  
Divestitures 0 0  
Settlement 0 0  
Foreign exchange impact and other 0 0  
Plan assets at fair value at year end 9,647 10,210 10,145
Funded status of the plans at year end 691 570  
Net amount recognized at year end      
Net amount recognized on the balance sheet 691 570  
Amounts recognized in AOCI      
Prior service (cost) benefit (3) (5)  
Net actuarial (loss) gain (6,215) (6,320)  
Net amount recognized in AOCI (6,218) (6,325)  
Accumulated benefit obligation at period end 8,956 9,640  
U.S. | Postretirement Benefit Plans      
Change in projected benefit obligation      
Benefit obligation at beginning of year 343 375  
Service cost 0 0 0
Interest cost on benefit obligation 16 18 16
Plan amendments 0 0  
Actuarial loss (gain) (21) (1)  
Benefits paid, net of participants’ contributions (46) (49)  
Divestitures 0 0  
Settlement 0 0  
Curtailment 0 0  
Foreign exchange impact and other 0 0  
Benefit obligation at year end 292 343 375
Change in plan assets      
Plan assets at fair value at beginning of year 231 253  
Actual return on assets 9 19  
Company contributions, net of reimbursements 8 8  
Benefits paid, net of participants’ contributions (46) (49)  
Divestitures 0 0  
Settlement 0 0  
Foreign exchange impact and other 0 0  
Plan assets at fair value at year end 202 231 253
Funded status of the plans at year end (90) (112)  
Net amount recognized at year end      
Net amount recognized on the balance sheet (90) (112)  
Amounts recognized in AOCI      
Prior service (cost) benefit 63 73  
Net actuarial (loss) gain 125 114  
Net amount recognized in AOCI 188 187  
Accumulated benefit obligation at period end 292 343  
Non-U.S.      
Change in plan assets      
Plan assets at fair value at beginning of year 7,396    
Plan assets at fair value at year end 7,013 7,396  
Non-U.S. | Pension Plans      
Change in projected benefit obligation      
Benefit obligation at beginning of year 7,030 6,375  
Service cost 115 115 116
Interest cost on benefit obligation 421 409 329
Plan amendments (1) (2)  
Actuarial loss (gain) (335) 273  
Benefits paid, net of participants’ contributions (394) (368)  
Divestitures (1) (77)  
Settlement (47) (104)  
Curtailment (4) (33)  
Foreign exchange impact and other (732) 442  
Benefit obligation at year end 6,052 7,030 6,375
Change in plan assets      
Plan assets at fair value at beginning of year 6,426 6,086  
Actual return on assets 131 352  
Company contributions, net of reimbursements 763 118  
Benefits paid, net of participants’ contributions (394) (368)  
Divestitures (1) (19)  
Settlement (47) (104)  
Foreign exchange impact and other (620) 361  
Plan assets at fair value at year end 6,258 6,426 6,086
Funded status of the plans at year end 206 (604)  
Net amount recognized at year end      
Net amount recognized on the balance sheet 206 (604)  
Amounts recognized in AOCI      
Prior service (cost) benefit (1) 5  
Net actuarial (loss) gain (1,513) (1,990)  
Net amount recognized in AOCI (1,514) (1,985)  
Accumulated benefit obligation at period end 5,716 6,686  
Non-U.S. | Postretirement Benefit Plans      
Change in projected benefit obligation      
Benefit obligation at beginning of year 1,208 1,013  
Service cost 1 1 2
Interest cost on benefit obligation 107 106 90
Plan amendments 0 0  
Actuarial loss (gain) (1) 27  
Benefits paid, net of participants’ contributions (96) (77)  
Divestitures 0 0  
Settlement 0 0  
Curtailment 0 0  
Foreign exchange impact and other (205) 138  
Benefit obligation at year end 1,014 1,208 1,013
Change in plan assets      
Plan assets at fair value at beginning of year 970 855  
Actual return on assets 50 56  
Company contributions, net of reimbursements 9 9  
Benefits paid, net of participants’ contributions (96) (77)  
Divestitures 0 0  
Settlement 0 0  
Foreign exchange impact and other (178) 127  
Plan assets at fair value at year end 755 970 $ 855
Funded status of the plans at year end (259) (238)  
Net amount recognized at year end      
Net amount recognized on the balance sheet (259) (238)  
Amounts recognized in AOCI      
Prior service (cost) benefit 21 33  
Net actuarial (loss) gain (263) (311)  
Net amount recognized in AOCI (242) (278)  
Accumulated benefit obligation at period end 1,014 1,208  
Qualified | U.S. | Pension Plans      
Change in plan assets      
Funded status of the plans at year end 1,181 1,107  
Net amount recognized at year end      
Benefit asset 1,181 1,107  
Benefit liability 0 0  
Net amount recognized on the balance sheet 1,181 1,107  
Qualified | U.S. | Postretirement Benefit Plans      
Change in plan assets      
Funded status of the plans at year end (90) (112)  
Net amount recognized at year end      
Benefit asset 0 0  
Benefit liability (90) (112)  
Net amount recognized on the balance sheet (90) (112)  
Qualified | Non-U.S. | Pension Plans      
Change in plan assets      
Funded status of the plans at year end 206 (604)  
Net amount recognized at year end      
Benefit asset 895 832  
Benefit liability (689) (1,436)  
Net amount recognized on the balance sheet 206 (604)  
Qualified | Non-U.S. | Postretirement Benefit Plans      
Change in plan assets      
Funded status of the plans at year end (259) (238)  
Net amount recognized at year end      
Benefit asset 0 0  
Benefit liability (259) (238)  
Net amount recognized on the balance sheet (259) (238)  
Nonqualified | U.S. | Pension Plans      
Change in plan assets      
Funded status of the plans at year end (490) (537)  
Net amount recognized at year end      
Net amount recognized on the balance sheet (490) (537)  
Nonqualified | U.S. | Postretirement Benefit Plans      
Change in plan assets      
Funded status of the plans at year end 0 0  
Net amount recognized at year end      
Net amount recognized on the balance sheet 0 0  
Nonqualified | Non-U.S. | Pension Plans      
Change in plan assets      
Funded status of the plans at year end 0 0  
Net amount recognized at year end      
Net amount recognized on the balance sheet 0 0  
Nonqualified | Non-U.S. | Postretirement Benefit Plans      
Change in plan assets      
Funded status of the plans at year end 0 0  
Net amount recognized at year end      
Net amount recognized on the balance sheet $ 0 $ 0