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RETIREMENT BENEFITS (Tables)
 9 Months Ended
Sep. 30, 2025
Retirement Benefits [Abstract]  
Components of net (benefit) expense
The following table summarizes the components of net expense (benefit) recognized in the Consolidated Statement of Income for the Company’s pension and postretirement benefit plans for Significant Plans and All Other Plans. Service cost is reported in Compensation and benefits expenses and all other components of the net periodic benefit cost are reported in Other operating expenses in the Consolidated Statement of Income.
Three Months Ended September 30,
 Pension plansPostretirement benefit plans
 U.S. plansNon-U.S. plansU.S. plansNon-U.S. plans
In millions of dollars20252024202520242025202420252024
Service cost$— $— $28 $28 $— $— $1 $— 
Interest cost on benefit obligation119 119 108 105 4 4 30 25 
Expected return on assets(150)(150)(96)(80)(3)(3)(19)(19)
Amortization of unrecognized:     
Prior service cost (benefit)— — (1)(1)(2)(2)(2)(1)
Net actuarial loss (gain)49 43 17 18 (3)(2)3 3 
Settlement loss(1)
— — — 4 — — — — 
Total net expense (benefit) $18 $12 $56 $74 $(4)$(3)$13 $8 
Nine Months Ended September 30,
 Pension plansPostretirement benefit plans
 U.S. plansNon-U.S. plansU.S. plansNon-U.S. plans
In millions of dollars20252024202520242025202420252024
Service cost$— $— $82 $87 $— $— $1 $1 
Interest cost on benefit obligation356 355 314 323 11 12 87 82 
Expected return on assets(451)(453)(278)(249)(8)(8)(54)(61)
Amortization of unrecognized:     
Prior service cost (benefit)1 1 (3)(3)(7)(7)(5)(5)
Net actuarial loss (gain)147 134 49 61 (9)(7)8 8 
Settlement loss(1)
— — — 6 — — — — 
Total net expense (benefit) $53 $37 $164 $225 $(13)$(10)$37 $25 
(1)Settlement loss relates to divestiture activities.
Schedule of company contributions
The following table summarizes the Company’s expected contributions for 2025 and the actual contributions made in 2024:

 Pension plans Postretirement benefit plans 
 
U.S. plans(1)
Non-U.S. plans(2)
U.S. plansNon-U.S. plans
In millions of dollars20252024202520242025202420252024
Company contributions(3) expected to be made during the year, and made during the prior year
$63 $59 $93 $763 $5 $8 $11 $9 

(1)The U.S. plans include benefits paid directly by the Company for the nonqualified pension plans.
(2)The Company made a discretionary contribution of approximately $600 million to a pension plan in Mexico Consumer/SBMM during the fourth quarter of 2024.
(3)Company contributions are composed of cash contributions made to the plans and benefits paid directly by the Company.