Quarterly report [Sections 13 or 15(d)]

PENSION AND OTHER POSTRETIREMENT BENEFITS

v3.26.1
PENSION AND OTHER POSTRETIREMENT BENEFITS
 6 Months Ended
Jun. 30, 2026
Retirement Benefits [Abstract]  
PENSION AND OTHER POSTRETIREMENT BENEFITS
NOTE 3. PENSIONS AND OTHER POSTRETIREMENT BENEFITS
We sponsor funded and unfunded domestic and foreign defined benefit pension and other postretirement benefit (OPEB) plans. Contributions to these plans were as follows:
Three months ended Six months ended
June 30, June 30,
In millions 2026 2025 2026 2025
Defined benefit pension contributions $ 12  $ 11  $ 24  $ 23 
OPEB payments, net 3  2  4  3 
Defined contribution pension plans 25  27  69  76 
We anticipate making additional defined benefit pension contributions during the remainder of 2026 of $23 million for our U.S. and U.K. qualified and non-qualified pension plans. These contributions may be made from trusts or company funds either to increase pension assets or to make direct benefit payments to plan participants. We expect our 2026 annual net periodic pension cost to approximate $75 million.
The components of net periodic pension and OPEB expense under our plans were as follows:
Pension
U.S. Plans U.K. Plans OPEB
Three months ended June 30,
In millions 2026 2025 2026 2025 2026 2025
Service cost $ 34  $ 33  $ 4  $ 3  $ —  $ — 
Interest cost 44  44  19  20  1  2 
Expected return on plan assets (70) (67) (25) (23) —  — 
Amortization of prior service cost 1  —  1  1  —  — 
Recognized net actuarial loss (gain) 2  3  8  6  (1) (2)
Net periodic benefit expense $ 11  $ 13  $ 7  $ 7  $ —  $ — 
Pension
U.S. Plans U.K. Plans OPEB
Six months ended June 30,
In millions 2026 2025 2026 2025 2026 2025
Service cost $ 69  $ 66  $ 7  $ 7  $ —  $ — 
Interest cost 88  87  39  38  2  3 
Expected return on plan assets (140) (134) (50) (45) —  — 
Amortization of prior service cost 1  1  1  1  —  — 
Recognized net actuarial loss (gain) 5  5  17  13  (2) (3)
Net periodic benefit expense $ 23  $ 25  $ 14  $ 14  $ —  $ —