Annual report pursuant to Section 13 and 15(d)

PENSION AND OTHER POSTRETIREMENT BENEFITS (Details 1) -Obligations, Assets and Funded Status

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PENSION AND OTHER POSTRETIREMENT BENEFITS (Details 1) -Obligations, Assets and Funded Status
$ in Millions
12 Months Ended
Dec. 31, 2024
USD ($)
country
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Amounts recognized in consolidated balance sheets      
Pension assets $ 1,189 $ 1,197  
Liability, Defined Benefit Pension Plan, Noncurrent (503) (530)  
UNITED STATES      
Change in benefit obligation      
Benefit obligation at the beginning of the year 3,381 3,171  
Service cost 142 117 $ 137
Interest cost 167 168 101
Actuarial (gain) loss (163) 172  
Benefits paid directly by employer or from fund (328) (223)  
Plan amendment 0 1  
Benefit obligation at the end of the year 3,167 3,381 3,171
Change in plan assets      
Fair value of plan assets at the beginning of the year 3,826 3,828  
Actual return on plan assets 178 221  
Employer contributions 30 0  
Benefits paid from Fund (328) (223)  
Exchange rate changes 0 0  
Fair value of plan assets at the end of the year 3,706 3,826 3,828
Funded status      
Funded status at end of year 539 445  
Amounts recognized in consolidated balance sheets      
Pension assets 1,071 1,002  
Accrued compensation, benefits and retirement costs (29) (27)  
Liability, Defined Benefit Pension Plan, Noncurrent (503) (530)  
Net amount recognized 539 445  
Amounts recognized in accumulated other comprehensive loss consist of:      
Net actuarial loss (gain) 429 493  
Prior service cost (credit) 6 8  
Net amount recognized 435 501  
UNITED STATES | Nonqualified Plan      
Change in benefit obligation      
Benefits paid directly by employer or from fund (32) (25)  
UNITED KINGDOM      
Change in benefit obligation      
Benefit obligation at the beginning of the year 1,525 1,398  
Service cost 18 17 30
Interest cost 71 70 39
Actuarial (gain) loss (133) 47  
Benefits paid directly by employer or from fund (108) (87)  
Plan amendment 0 0  
Exchange rate changes (23) 80  
Benefit obligation at the end of the year 1,350 1,525 1,398
Change in plan assets      
Fair value of plan assets at the beginning of the year 1,720 1,670  
Actual return on plan assets (128) (51)  
Employer contributions 9 90  
Benefits paid from Fund (108) (87)  
Exchange rate changes (25) 98  
Fair value of plan assets at the end of the year 1,468 1,720 1,670
Funded status      
Funded status at end of year 118 195  
Amounts recognized in consolidated balance sheets      
Pension assets 118 195  
Accrued compensation, benefits and retirement costs 0 0  
Liability, Defined Benefit Pension Plan, Noncurrent 0 0  
Net amount recognized 118 195  
Amounts recognized in accumulated other comprehensive loss consist of:      
Net actuarial loss (gain) 691 606  
Prior service cost (credit) 7 8  
Net amount recognized 698 614  
Other Pension Plan      
Change in plan assets      
Employer contributions $ 21 16  
Less Significant Defined Benefit or Other Postretirement Plans Applicable to Number of Countries | country 15    
Maximum Percentage of Defined Benefit Plans Assets Included in Other Liabilities and Deferred Revenue 5.00%    
Maximum Percentage of Defined Benefit Plans, Obligations Included in Other Liabilities and Deferred Revenue 6.00%    
Other Postretirement Benefit Plan      
Change in benefit obligation      
Benefit obligation at the beginning of the year $ 150 162  
Interest cost 7 9 5
Plan participants' contributions 8 18  
Actuarial (gain) loss (18) (2)  
Benefits paid directly by employer or from fund (27) (37)  
Benefit obligation at the end of the year $ 120 $ 150 $ 162
Change in plan assets      
Less Significant Defined Benefit or Other Postretirement Plans Applicable to Number of Countries | country 5    
Maximum Percentage of Defined Benefit Plans, Obligations Included in Other Liabilities and Deferred Revenue 17.00% 16.00%  
Funded status      
Funded status at end of year $ (120) $ (150)  
Amounts recognized in consolidated balance sheets      
Accrued compensation, benefits and retirement costs (16) (19)  
Liability, Other Postretirement Defined Benefit Plan, Noncurrent (104) (131)  
Net amount recognized (120) (150)  
Amounts recognized in accumulated other comprehensive loss consist of:      
Net actuarial loss (gain) (60) (44)  
Prior service cost (credit) (3) (3)  
Net amount recognized $ (63) $ (47)