Quarterly report [Sections 13 or 15(d)]

PENSIONS AND OTHER POSTRETIREMENT BENEFITS

v3.26.1
PENSIONS AND OTHER POSTRETIREMENT BENEFITS
 6 Months Ended
Jun. 30, 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
June 30,		 Six Months Ended
June 30,
(In millions) 2026 2025 2026 2025
Service cost $ 7  $ 7  $ 14  $ 14 
Interest cost 45  52  90  105 
Expected return on plan assets (82) (80) (163) (159)
Amortization:
Prior service costs 5  5  9  9 
Net actuarial gain (5) (2) (9) (4)
Net periodic benefit credits $ (30) $ (18) $ (59) $ (35)
OPEB COSTS (CREDITS)
Three Months Ended
June 30,		 Six Months Ended
June 30,
(In millions) 2026 2025 2026 2025
Service cost $ 1  $ 2  $ 3  $ 4 
Interest cost 15  15  29  29 
Expected return on plan assets (11) (10) (22) (21)
Termination benefits1
—  15  —  15 
Amortization:
Prior service credits (3) (4) (6) (7)
Net actuarial gain (28) (34) (56) (67)
Net periodic benefit credits $ (26) $ (16) $ (52) $ (47)
Based on funding requirements, we made $3 million and $16 million of defined benefit pension contributions for the three and six months ended June 30, 2026, respectively, and we made $14 million and $29 million of defined benefit pension contributions for the three and six months ended June 30, 2025, respectively. Based on funding requirements, we made no contributions to our voluntary employee benefit association trust plans for both the three and six months ended June 30, 2026 and 2025.