Quarterly report pursuant to Section 13 or 15(d)

PENSION AND OTHER POSTRETIREMENT BENEFITS (Tables)

v3.23.3
PENSION AND OTHER POSTRETIREMENT BENEFITS (Tables)
 9 Months Ended
Sep. 30, 2023
Retirement Benefits [Abstract]  
Schedule Benefit Plans Disclosures Cash Contributions Contributions to these plans were as follows:
Three months ended Nine months ended
  September 30, September 30,
In millions 2023 2022 2023 2022
Defined benefit pension contributions $ 8  $ 7  $ 102  $ 46 
OPEB payments, net 4  9  13  25 
Defined contribution pension plans 29  26  102  82 
Components of net periodic pension and other postretirement benefit cost
The components of net periodic pension and OPEB expense (income) under our plans were as follows:
  Pension    
  U.S. Plans U.K. Plans OPEB
  Three months ended September 30,
In millions 2023 2022 2023 2022 2023 2022
Service cost $ 29  $ 35  $ 4  $ 7  $ —  $ — 
Interest cost 42  27  18  10  2  2 
Expected return on plan assets (69) (60) (27) (22) —  — 
Amortization of prior service cost —  1  1  —  —  — 
Recognized net actuarial loss (gain) 2  5  —  1  (1) — 
Net periodic benefit expense (income) $ 4  $ 8  $ (4) $ (4) $ 1  $ 2 
  Pension
  U.S. Plans U.K. Plans OPEB
  Nine months ended September 30,
In millions 2023 2022 2023 2022 2023 2022
Service cost $ 87  $ 103  $ 12  $ 23  $ —  $ — 
Interest cost 126  71  53  28  6  4 
Expected return on plan assets (207) (164) (79) (62) —  — 
Amortization of prior service cost 1  1  1  —  —  — 
Recognized net actuarial loss (gain) 6  17  —  2  (2) — 
Net periodic benefit expense (income) $ 13  $ 28  $ (13) $ (9) $ 4  $ 4