Quarterly report [Sections 13 or 15(d)]

PENSIONS AND OTHER POSTRETIREMENT BENEFITS

v3.25.2
PENSIONS AND OTHER POSTRETIREMENT BENEFITS
 6 Months Ended
Jun. 30, 2025
Postemployment Benefits [Abstract]  
PENSIONS AND OTHER POSTRETIREMENT BENEFITS
NOTE 9 - PENSIONS AND OTHER POSTRETIREMENT BENEFITS
We offer 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) 2025 2024 2025 2024
Service cost $ 7  $ 7  $ 14  $ 14 
Interest cost 52  54  105  109 
Expected return on plan assets (80) (80) (159) (160)
Amortization:
Prior service costs 5  4  9  8 
Net actuarial gain (2) —  (4) — 
Net periodic benefit credits $ (18) $ (15) $ (35) $ (29)
OPEB COSTS (CREDITS)
Three Months Ended
June 30,		 Six Months Ended
June 30,
(In millions) 2025 2024 2025 2024
Service cost $ 2  $ 2  $ 4  $ 4 
Interest cost 15  13  29  25 
Expected return on plan assets (10) (10) (21) (21)
Termination benefits1
15  —  15  2 
Amortization:
Prior service credits (4) (4) (7) (8)
Net actuarial gain (34) (39) (67) (77)
Net periodic benefit credits $ (16) $ (38) $ (47) $ (75)
1 The termination benefits relate to the decision to indefinitely idle our Conshohocken, Riverdale and Steelton facilities in the second quarter of 2025 and the indefinite idle of our Weirton tinplate production facility in the first quarter of 2024.
Based on funding requirements, 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 $16 million of defined benefit pension
contributions for both the three and six months ended June 30, 2024. Based on funding requirements, we made no contributions to our voluntary employee benefit association trust plans for any of the three and six months ended June 30, 2025 and 2024.