PENSIONS AND OTHER POSTRETIREMENT BENEFITS (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Postemployment Benefits [Abstract] |
|
| Schedule of Defined Benefit Plans Disclosures |
The following tables and information provide additional disclosures:
|
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| (In millions) |
Pension Benefits |
|
OPEB |
| Change in benefit obligations: |
2025 |
|
2024 |
|
2025 |
|
2024 |
| Benefit obligations — beginning of year |
$ |
4,248
|
|
|
$ |
4,571 |
|
|
$ |
1,147
|
|
|
$ |
1,036 |
|
| Service cost |
28
|
|
|
28 |
|
|
8
|
|
|
8 |
|
| Interest cost |
210
|
|
|
218 |
|
|
58
|
|
|
50 |
|
| Plan amendments |
—
|
|
|
— |
|
|
3
|
|
|
7 |
|
| Actuarial loss (gain) |
78
|
|
|
(165) |
|
|
181
|
|
|
162 |
|
| Benefits paid |
(435) |
|
|
(429) |
|
|
(161) |
|
|
(155) |
|
| Participant contributions |
—
|
|
|
— |
|
|
33
|
|
|
36 |
|
| Acquired through business combinations |
—
|
|
|
35 |
|
|
—
|
|
|
— |
|
|
|
|
|
|
|
|
|
| Effect of settlement |
—
|
|
|
(9) |
|
|
—
|
|
|
— |
|
| Special termination benefits |
—
|
|
|
— |
|
|
7
|
|
|
2 |
|
| Other |
2
|
|
|
(1) |
|
|
1
|
|
|
1 |
|
| Benefit obligations — end of year |
$ |
4,131
|
|
|
$ |
4,248 |
|
|
$ |
1,277
|
|
|
$ |
1,147 |
|
|
|
|
|
|
|
|
|
| Change in plan assets: |
|
|
|
|
|
|
|
| Fair value of plan assets — beginning of year |
$ |
4,237
|
|
|
$ |
4,282 |
|
|
$ |
742
|
|
|
$ |
739 |
|
| Actual return on plan assets |
475
|
|
|
254 |
|
|
63
|
|
|
46 |
|
| Participant contributions |
—
|
|
|
— |
|
|
33
|
|
|
36 |
|
| Employer contributions |
68
|
|
|
119 |
|
|
86
|
|
|
76 |
|
| Benefits paid |
(435) |
|
|
(429) |
|
|
(161) |
|
|
(155) |
|
| Acquired through business combinations |
—
|
|
|
21 |
|
|
—
|
|
|
— |
|
|
|
|
|
|
|
|
|
| Effect of settlement |
—
|
|
|
(9) |
|
|
—
|
|
|
— |
|
| Other |
1
|
|
|
(1) |
|
|
—
|
|
|
— |
|
| Fair value of plan assets — end of year |
$ |
4,346
|
|
|
$ |
4,237 |
|
|
$ |
763
|
|
|
$ |
742 |
|
| Funded status |
$ |
215
|
|
|
$ |
(11) |
|
|
$ |
(514) |
|
|
$ |
(405) |
|
|
|
|
|
|
|
|
|
| Amounts recognized in Statements of Financial Position: |
|
|
|
|
|
|
|
| Non-current assets |
$ |
287
|
|
|
$ |
239 |
|
|
$ |
182
|
|
|
$ |
188 |
|
Current liabilities1
|
(14) |
|
|
(7) |
|
|
(99) |
|
|
(85) |
|
| Non-current liabilities |
(58) |
|
|
(243) |
|
|
(597) |
|
|
(508) |
|
| Total amount recognized |
$ |
215
|
|
|
$ |
(11) |
|
|
$ |
(514) |
|
|
$ |
(405) |
|
|
|
|
|
|
|
|
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| Amounts recognized in accumulated other comprehensive loss (income): |
|
|
|
|
|
|
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| Net actuarial gain |
$ |
(472) |
|
|
$ |
(400) |
|
|
$ |
(1,426) |
|
|
$ |
(1,720) |
|
| Prior service cost (credit) |
72
|
|
|
89 |
|
|
(92) |
|
|
(109) |
|
| Net amount recognized |
$ |
(400) |
|
|
$ |
(311) |
|
|
$ |
(1,518) |
|
|
$ |
(1,829) |
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|
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|
|
|
|
|
1 Current liabilities are classified within Other current liabilities on the Statements of Consolidated Financial Position.
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Pension Benefits |
|
OPEB |
| (In millions) |
|
VEBA1
|
|
Direct Payments |
|
Total |
| 2024 |
|
$ |
119 |
|
|
$ |
— |
|
|
$ |
76 |
|
|
$ |
76 |
|
| 2025 |
|
68 |
|
|
— |
|
|
86 |
|
|
86 |
|
| 2026 (Expected) |
|
43 |
|
|
— |
|
|
83 |
|
|
83 |
|
|
|
|
|
|
|
|
|
|
1 Pursuant to the applicable bargaining agreements, benefits can be paid from certain VEBAs that are at least 70% funded (all VEBAs were over 70% funded as of December 31, 2025). Certain agreements with plans holding VEBA assets have capped healthcare costs. For the Cleveland-Cliffs Steel LLC VEBA, we are required to make contributions based on earnings, and we may withdraw money from the VEBA plan to the extent funds are available for costs in excess of the cap. VEBA withdrawals are represented net of direct payments. There will be no further contributions to the Cleveland-Cliffs Steel LLC VEBA based on earnings for the remainder of the labor agreement with the USW, which expires in September 2026.
|
The following table summarizes the changes in fair value of the employee benefit commitment:
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| (In millions) |
2025 |
|
2024 |
| Beginning balance as of January 1 |
$ |
(188) |
|
|
$ |
— |
|
| Fair value of commitment assumed in connection with Stelco Acquisition |
5
|
|
|
(197) |
|
| Total expense included in earnings |
(5) |
|
|
(2) |
|
| Payments |
28
|
|
|
5 |
|
| Foreign currency translation |
(9) |
|
|
6 |
|
| Ending balance as of December 31 |
$ |
(169) |
|
|
$ |
(188) |
|
The following table summarizes the changes in fair value of the MinnTac option:
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|
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| (In millions) |
2025 |
|
2024 |
| Beginning balance as of January 1 |
$ |
95
|
|
|
$ |
— |
|
| Fair value of option acquired in connection with Stelco Acquisition |
—
|
|
|
110 |
|
| Total expense included in earnings |
(45) |
|
|
(12) |
|
| Foreign currency translation |
4
|
|
|
(3) |
|
| Ending balance as of December 31 |
$ |
54
|
|
|
$ |
95 |
|
|
| Components Of Net Periodic Benefit Cost |
COMPONENTS OF NET PERIODIC BENEFIT COST (CREDIT)
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Pension Benefits |
|
OPEB |
| (In millions) |
2025 |
|
2024 |
|
2023 |
|
2025 |
|
2024 |
|
2023 |
| Service cost |
$ |
28
|
|
|
$ |
28 |
|
|
$ |
31 |
|
|
$ |
8
|
|
|
$ |
8 |
|
|
$ |
10 |
|
| Interest cost |
210
|
|
|
218 |
|
|
235 |
|
|
58
|
|
|
50 |
|
|
64 |
|
| Expected return on plan assets |
(317) |
|
|
(320) |
|
|
(315) |
|
|
(43) |
|
|
(43) |
|
|
(43) |
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| Amortization: |
|
|
|
|
|
|
|
|
|
|
|
| Net actuarial loss (gain) |
(8) |
|
|
(1) |
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|
3 |
|
|
(134) |
|
|
(154) |
|
|
(145) |
|
| Prior service costs (credits) |
17
|
|
|
18 |
|
|
18 |
|
|
(13) |
|
|
(15) |
|
|
(17) |
|
| Settlements and special termination benefits |
—
|
|
|
(2) |
|
|
(4) |
|
|
7
|
|
|
2 |
|
|
— |
|
| Net periodic benefit cost (credit) |
$ |
(70) |
|
|
$ |
(59) |
|
|
$ |
(32) |
|
|
$ |
(117) |
|
|
$ |
(152) |
|
|
$ |
(131) |
|
For 2026, we estimate net periodic benefit cost (credit) as follows:
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| (In millions) |
|
| Defined benefit pension plans |
$ |
(118) |
|
| OPEB plans |
(104) |
|
| Total |
$ |
(222) |
|
|
| Components of Accumulated Other Comprehensive Income (Loss) |
The following includes details on the significant actuarial losses (gains) impacting the benefit obligation and other components of other comprehensive loss (income):
|
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|
Pension Benefits |
|
OPEB |
| (In millions) |
2025 |
|
2024 |
|
2025 |
|
2024 |
| Discount rates |
$ |
109
|
|
|
$ |
(146) |
|
|
$ |
34
|
|
|
$ |
(43) |
|
| Demographic updates |
22
|
|
|
(14) |
|
|
23
|
|
|
26 |
|
| Mortality |
(50) |
|
|
— |
|
|
—
|
|
|
— |
|
Per capita healthcare costs and healthcare trend1
|
—
|
|
|
— |
|
|
124
|
|
|
179 |
|
| Other |
(3) |
|
|
(5) |
|
|
—
|
|
|
— |
|
| Actuarial loss (gain) on benefit obligation |
78
|
|
|
(165) |
|
|
181
|
|
|
162 |
|
| Actual returns on assets under (over) expected |
(158) |
|
|
67 |
|
|
(20) |
|
|
(3) |
|
| Amortization of net actuarial gain (loss) |
8
|
|
|
1 |
|
|
134
|
|
|
154 |
|
| Amortization of prior service credits (costs) |
(17) |
|
|
(18) |
|
|
13
|
|
|
15 |
|
| Settlements |
—
|
|
|
2 |
|
|
—
|
|
|
— |
|
| Plan amendments |
—
|
|
|
— |
|
|
3
|
|
|
7 |
|
| Total recognized in other comprehensive loss (income) |
$ |
(89) |
|
|
$ |
(113) |
|
|
$ |
311
|
|
|
$ |
335 |
|
|
|
|
|
|
|
|
|
1 The loss in per capita healthcare costs relating to our OPEB plans is primarily due to unfavorable Medicare Advantage Prescription Drug healthcare rates, which are effective January for each year. Additionally, we increased our short-term Medicare Advantage Prescription Drug trend rate assumption.
|
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| Estimated Future Benefit Payments |
|
|
|
|
|
|
|
|
|
|
|
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| (In millions) |
Pension Benefits |
|
OPEB1
|
| 2026 |
$ |
466 |
|
|
$ |
128 |
|
| 2027 |
420 |
|
|
124 |
|
| 2028 |
403 |
|
|
120 |
|
| 2029 |
380 |
|
|
114 |
|
| 2030 |
364 |
|
|
110 |
|
| 2031-2035 |
1,577 |
|
|
492 |
|
|
|
|
|
1 OPEB benefit payments are displayed net of participant contributions.
|
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| Defined Benefit Plan, Assumptions |
The following represents weighted-average assumptions used to determine benefit obligations:
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Pension Benefits |
|
OPEB |
|
December 31, |
|
December 31, |
|
2025 |
|
2024 |
|
2025 |
|
2024 |
| Discount rate |
5.18 |
% |
|
5.55 |
% |
|
5.22 |
% |
|
5.59 |
% |
| Interest crediting rate |
5.61 |
|
|
5.58 |
|
|
N/A |
|
|
N/A |
|
| Compensation rate increase |
3.00 |
|
|
3.00 |
|
|
N/A |
|
|
N/A |
|
The following represents weighted-average assumptions used to determine net benefit cost:
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|
Pension Benefits |
|
OPEB |
|
December 31, |
|
December 31, |
|
2025 |
|
2024 |
|
2023 |
|
2025 |
|
2024 |
|
2023 |
| Obligation discount rate |
5.56
|
|
% |
|
5.08 |
|
% |
|
5.47 |
|
% |
|
5.59
|
|
% |
|
5.15 |
|
% |
|
5.52 |
|
% |
| Service cost discount rate |
5.80
|
|
|
|
5.29 |
|
|
|
5.61 |
|
|
|
5.83
|
|
|
|
5.28 |
|
|
|
5.65 |
|
|
| Interest cost discount rate |
5.26
|
|
|
|
5.05 |
|
|
|
5.34 |
|
|
|
5.28
|
|
|
|
5.08 |
|
|
|
5.38 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest crediting rate |
5.58
|
|
|
|
5.46 |
|
|
|
5.46 |
|
|
|
N/A |
|
|
N/A |
|
|
N/A |
|
| Expected return on plan assets |
7.85
|
|
|
|
7.85 |
|
|
|
7.66 |
|
|
|
5.89
|
|
|
|
5.95 |
|
|
|
5.87 |
|
|
| Compensation rate increase |
3.00
|
|
|
|
3.00 |
|
|
|
3.00 |
|
|
|
N/A |
|
|
N/A |
|
|
N/A |
|
|
| Assumed Health Care Cost Trend Rates |
The following represents assumed weighted-average health care cost trend rates:
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, |
|
2025 |
|
2024 |
Health care cost trend rate assumed for next year1
|
7.00
|
|
% |
|
11.43 |
|
% |
| Ultimate health care cost trend rate |
4.50
|
|
% |
|
4.50 |
|
% |
| Year that the ultimate rate is reached |
2036 |
|
|
2032 |
|
|
|
|
|
|
|
1 The health care trend rate is weighted for all of our OPEB plans and factors in our Medicare Advantage Prescription Drug pricing arrangements. As of December 31, 2025, we reset our initial trend rate to 7.00% grading down by 0.25% per year to an ultimate rate of 4.50% in 2036. While the risk scoring and third-party funding changes associated with the Inflation Reduction Act may potentially impact costs and trends in future years, the impact is expected to be minimal or unmeasurable at this time.
|
|
| Plan Assets and Asset Allocation |
The following table reflects the actual asset allocations for pension and VEBA assets as of December 31, 2025 and 2024, as well as the 2026 weighted average target asset allocations:
|
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|
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|
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|
|
|
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|
|
|
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|
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|
|
|
Pension Assets |
|
VEBA Assets |
| Asset Category |
|
2026
Target
Allocation |
|
Actual Asset Allocation as of December 31, |
|
2026
Target
Allocation |
|
Actual Asset Allocation as of December 31, |
| 2025 |
|
2024 |
|
2025 |
|
2024 |
| Equity securities |
|
34.2 |
% |
|
34.5
|
% |
|
32.7 |
% |
|
17.2 |
% |
|
18.9
|
% |
|
17.6 |
% |
| Fixed income |
|
40.6 |
|
|
39.0
|
|
|
38.9 |
|
|
78.4 |
|
|
76.0
|
|
|
76.6 |
|
| Hedge funds |
|
9.4 |
|
|
9.8
|
|
|
9.6 |
|
|
1.0 |
|
|
1.4
|
|
|
1.2 |
|
| Private equity |
|
3.3 |
|
|
3.3
|
|
|
3.6 |
|
|
— |
|
|
—
|
|
|
— |
|
| Structured credit |
|
2.5 |
|
|
3.2
|
|
|
4.0 |
|
|
0.3 |
|
|
0.3
|
|
|
0.5 |
|
| Real estate |
|
10.0 |
|
|
10.2
|
|
|
11.2 |
|
|
3.1 |
|
|
3.4
|
|
|
4.1 |
|
| Total |
|
100.0 |
% |
|
100.0
|
% |
|
100.0 |
% |
|
100.0 |
% |
|
100.0
|
% |
|
100.0 |
% |
|
| Fair Value of Pension Assets by Asset Category |
The fair value of our pension assets by asset category is as follows:
|
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|
|
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|
|
|
|
|
| (In millions) |
Quoted Prices in Active Markets for Identical Assets (Level 1) |
|
Significant Other Observable Inputs
(Level 2) |
|
Significant
Unobservable
Inputs
(Level 3) |
|
Investments Measured at Net Asset Value |
|
Total |
| Asset Category |
2025 |
2024 |
|
2025 |
2024 |
|
2025 |
2024 |
|
2025 |
2024 |
|
2025 |
2024 |
| Equity securities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. equities |
$ |
861
|
|
$ |
816 |
|
|
$ |
—
|
|
$ |
— |
|
|
$ |
—
|
|
$ |
— |
|
|
$ |
—
|
|
$ |
— |
|
|
$ |
861
|
|
$ |
816 |
|
| Global equities |
555
|
|
501 |
|
|
—
|
|
— |
|
|
—
|
|
— |
|
|
85
|
|
69 |
|
|
640
|
|
570 |
|
| Fixed income: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. government securities1
|
41
|
|
32 |
|
|
526
|
|
577 |
|
|
—
|
|
— |
|
|
212
|
|
146 |
|
|
779
|
|
755 |
|
| U.S. corporate bonds |
616
|
|
583 |
|
|
—
|
|
— |
|
|
—
|
|
— |
|
|
110
|
|
115 |
|
|
726
|
|
698 |
|
| Non U.S. and other bonds |
10
|
|
9 |
|
|
—
|
|
— |
|
|
—
|
|
— |
|
|
179
|
|
185 |
|
|
189
|
|
194 |
|
| Hedge funds |
—
|
|
— |
|
|
—
|
|
— |
|
|
144
|
|
128 |
|
|
282
|
|
280 |
|
|
426
|
|
408 |
|
| Private equity |
—
|
|
— |
|
|
—
|
|
— |
|
|
145
|
|
151 |
|
|
—
|
|
— |
|
|
145
|
|
151 |
|
| Structured credit |
—
|
|
— |
|
|
—
|
|
— |
|
|
139
|
|
171 |
|
|
—
|
|
— |
|
|
139
|
|
171 |
|
| Real estate |
—
|
|
— |
|
|
—
|
|
— |
|
|
191
|
|
242 |
|
|
250
|
|
232 |
|
|
441
|
|
474 |
|
| Total |
$ |
2,083
|
|
$ |
1,941 |
|
|
$ |
526
|
|
$ |
577 |
|
|
$ |
619
|
|
$ |
692 |
|
|
$ |
1,118
|
|
$ |
1,027 |
|
|
$ |
4,346
|
|
$ |
4,237 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1 Includes cash equivalents.
|
The fair value of our VEBA assets by asset category is as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (In millions) |
Quoted Prices in Active Markets for Identical Assets
(Level 1) |
|
Significant Other Observable Inputs
(Level 2) |
|
Significant
Unobservable
Inputs
(Level 3) |
|
Investments Measured at Net Asset Value |
|
Total |
| Asset Category |
2025 |
2024 |
|
2025 |
2024 |
|
2025 |
2024 |
|
2025 |
2024 |
|
2025 |
2024 |
| Equity securities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. equities |
$ |
108
|
|
$ |
99 |
|
|
$ |
—
|
|
$ |
— |
|
|
$ |
—
|
|
$ |
— |
|
|
$ |
—
|
|
$ |
— |
|
|
$ |
108
|
|
$ |
99 |
|
| Global equities |
3
|
|
3 |
|
|
—
|
|
— |
|
|
—
|
|
— |
|
|
33
|
|
28 |
|
|
36
|
|
31 |
|
| Fixed income: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. government securities1
|
134
|
|
130 |
|
|
26
|
|
50 |
|
|
—
|
|
— |
|
|
76
|
|
44 |
|
|
236
|
|
224 |
|
| U.S. corporate bonds |
98
|
|
216 |
|
|
71
|
|
74 |
|
|
—
|
|
— |
|
|
34
|
|
52 |
|
|
203
|
|
342 |
|
| Non U.S. and other bonds |
66
|
|
2 |
|
|
—
|
|
— |
|
|
—
|
|
— |
|
|
75
|
|
— |
|
|
141
|
|
2 |
|
| Hedge funds |
—
|
|
— |
|
|
—
|
|
— |
|
|
11
|
|
10 |
|
|
—
|
|
— |
|
|
11
|
|
10 |
|
| Structured credit |
—
|
|
— |
|
|
—
|
|
— |
|
|
2
|
|
4 |
|
|
—
|
|
— |
|
|
2
|
|
4 |
|
| Real estate |
—
|
|
— |
|
|
—
|
|
— |
|
|
2
|
|
5 |
|
|
24
|
|
25 |
|
|
26
|
|
30 |
|
| Total |
$ |
409
|
|
$ |
450 |
|
|
$ |
97
|
|
$ |
124 |
|
|
$ |
15
|
|
$ |
19 |
|
|
$ |
242
|
|
$ |
149 |
|
|
$ |
763
|
|
$ |
742 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1 Includes cash equivalents.
|
|
| Effect of Fair Value Measurements Using Significant Unobservable Inputs on Changes in Plan Assets |
The following represents the fair value measurements of changes in plan assets using significant unobservable inputs (Level 3):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pension Assets |
|
VEBA Assets |
| (In millions) |
2025 |
|
2024 |
|
2025 |
|
2024 |
| Beginning balance — January 1 |
$ |
692
|
|
|
$ |
770 |
|
|
$ |
19
|
|
|
$ |
27 |
|
| Actual return on plan assets: |
|
|
|
|
|
|
|
| Relating to assets still held at the reporting date |
18
|
|
|
18 |
|
|
1
|
|
|
1 |
|
| Relating to assets sold during the period |
12
|
|
|
7 |
|
|
1
|
|
|
— |
|
| Purchases |
13
|
|
|
31 |
|
|
—
|
|
|
— |
|
| Sales |
(116) |
|
|
(134) |
|
|
(6) |
|
|
(9) |
|
|
|
|
|
|
|
|
|
| Ending balance — December 31 |
$ |
619
|
|
|
$ |
692 |
|
|
$ |
15
|
|
|
$ |
19 |
|
|
| Multiemployer Plan |
Information with respect to multiemployer plans in which we participate follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Pension Fund |
EIN/Pension Plan Number |
Pension Protection Act Zone Status1
|
FIP/RP Status Pending/Implemented2
|
Contributions
(in millions) |
Surcharge Imposed3
|
Expiration Date of Collective Bargaining Agreement4
|
|
|
2025 |
2024 |
|
2025 |
|
2024 |
|
2023 |
|
|
| Steelworkers Pension Trust |
23-6648508/499 |
Green |
Green |
No |
$ |
112
|
|
|
$ |
117 |
|
|
$ |
119 |
|
No |
9/1/2026 to 7/31/2029 |
| IAM National Pension Fund’s National Pension Plan |
51-6031295/002 |
Red |
Red |
Yes |
22
|
|
|
22 |
|
|
23 |
|
Yes |
5/15/2027 to 6/30/2028 |
Other Plans5
|
|
|
|
|
1
|
|
|
1 |
|
|
1 |
|
|
|
| Total |
|
|
|
|
$ |
135
|
|
|
$ |
140 |
|
|
$ |
143 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1 The most recent Pension Protection Act zone status available in 2025 and 2024 is for each plan's year-end as of December 31, 2024 and 2023. The plan's actuary certifies the zone status. Generally, plans in the red zone are less than 65% funded, plans in the yellow zone are between 65% and 80% funded, and plans in the green zone are at least 80% funded. The IAM National Pension Fund's National Pension Plan voluntarily elected to place itself in the "Red Zone" in April 2019 and has implemented a rehabilitation plan to address its underfunded status. Additional contributions will be required as part of the rehabilitation plan until the plan exits the "Red Zone".
|
2 The "FIP/RP Status Pending/Implemented" column indicates plans for which a financial improvement plan or a rehabilitation plan is either pending or has been implemented, as defined by ERISA.
|
3 The surcharge represents an additional required contribution due as a result of the critical funding status of the plan.
|
4 We are party to six collective bargaining agreements that require contributions to the Steelworkers Pension Trust and three collective bargaining agreements that require contributions to the IAM National Pension Fund's National Pension Plan.
|
5 Plans that are not individually significant to our Company are presented in aggregate.
|
|