Annual report pursuant to Section 13 and 15(d)

PENSION AND OTHER POSTRETIREMENT BENEFITS (Details 2) - Components of Net Periodic Pension Cost

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PENSION AND OTHER POSTRETIREMENT BENEFITS (Details 2) - Components of Net Periodic Pension Cost - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
UNITED STATES      
Pension and other postretirement benefits      
Defined Benefit Plan, Accumulated Benefit Obligation $ 3,132 $ 3,334  
Plans with accumulated benefit obligation in excess of plan assets:      
ABO 1,007 1,067  
Plans with projected benefit obligation in excess of plan assets:      
PBO 1,042 1,116  
Components of Net Periodic Benefit Cost      
Service cost 142 117 $ 137
Interest cost 167 168 101
Expected return on plan assets (290) (277) (229)
Amortization of prior service cost 2 2 1
Recognized net actuarial loss (gain) 13 8 23
Defined Benefit Plan and OPEB, Net Periodic Benefit Cost (Credit), Total 34 18 33
Changes in benefit obligations and plan assets recognized in other comprehensive income      
Foreign currency translation adjustments 0 0  
UNITED KINGDOM      
Pension and other postretirement benefits      
Defined Benefit Plan, Accumulated Benefit Obligation 1,334 1,504  
Plans with accumulated benefit obligation in excess of plan assets:      
ABO 0 0  
Plans with projected benefit obligation in excess of plan assets:      
PBO 0 0  
Components of Net Periodic Benefit Cost      
Service cost 18 17 30
Interest cost 71 70 39
Expected return on plan assets (102) (105) (87)
Amortization of prior service cost 1 1 1
Recognized net actuarial loss (gain) 12 0 3
Defined Benefit Plan and OPEB, Net Periodic Benefit Cost (Credit), Total 0 (17) (14)
Changes in benefit obligations and plan assets recognized in other comprehensive income      
Foreign currency translation adjustments (25) 98  
Pension Plan      
Changes in benefit obligations and plan assets recognized in other comprehensive income      
Amortization of prior service cost (3) (3) (2)
Recognized actuarial (loss) gain (25) (8) (26)
Incurred prior service cost 0 1 3
Incurred actuarial loss (gain) 46 432 173
Total recognized in other comprehensive loss 18 422 148
Total recognized in net periodic pension cost and other comprehensive loss 52 423 167
Other Postretirement Benefit Plan      
Components of Net Periodic Benefit Cost      
Interest cost 7 9 5
Recognized net actuarial loss (gain) (3) (2) 0
Defined Benefit Plan and OPEB, Net Periodic Benefit Cost (Credit), Total 4 7 5
Changes in benefit obligations and plan assets recognized in other comprehensive income      
Recognized actuarial (loss) gain 3 2 0
Incurred actuarial loss (gain) (19) (2) (25)
Total recognized in other comprehensive loss (16) 0 (25)
Total recognized in net periodic pension cost and other comprehensive loss $ (12) $ 7 $ (20)