Quarterly report [Sections 13 or 15(d)]

PENSIONS AND OTHER POSTRETIREMENT BENEFITS

v3.26.1
PENSIONS AND OTHER POSTRETIREMENT BENEFITS
 3 Months Ended
Mar. 31, 2026
Postemployment Benefits [Abstract]  
PENSIONS AND OTHER POSTRETIREMENT BENEFITS
NOTE 8 - PENSIONS AND OTHER POSTRETIREMENT BENEFITS
We offer benefits through defined benefit pension plans, defined contribution pension plans and OPEB plans to a significant portion of our employees and retirees. Benefits are also provided through multiemployer plans for certain union members.
The following are the components of defined benefit pension and OPEB costs (credits):
DEFINED BENEFIT PENSION COSTS (CREDITS)
Three Months Ended
March 31,
(In millions) 2026 2025
Service cost $ 7  $ 7 
Interest cost 45  53 
Expected return on plan assets (81) (79)
Amortization:
Prior service costs 4  4 
Net actuarial gain (4) (2)
Net periodic benefit credits $ (29) $ (17)
OPEB COSTS (CREDITS)
Three Months Ended
March 31,
(In millions) 2026 2025
Service cost $ 2  $ 2 
Interest cost 14  14 
Expected return on plan assets (11) (11)
Amortization:
Prior service credits (3) (3)
Net actuarial gain (28) (33)
Net periodic benefit credits $ (26) $ (31)
Based on funding requirements, we made $13 million and $15 million of defined benefit pension contributions for the three months ended March 31, 2026 and 2025, respectively. Based on funding requirements, we made no contributions to our voluntary employee benefit association trust plans for both the three months ended March 31, 2026 and 2025.