RETIREMENT BENEFIT PLANS - Retirement Benefits Expense (Income) (Details) - Pension plans - USD ($) $ in Millions |
3 Months Ended | |
|---|---|---|
Mar. 31, 2024 |
Mar. 31, 2023 |
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| UNITED STATES | ||
| Retirement benefits plans expense (income) | ||
| Service cost | $ 5 | $ 5 |
| Interest cost | 33 | 36 |
| Expected return on plan assets | (47) | (49) |
| Amortization | 2 | 1 |
| Total | (7) | (7) |
| Settlements | 9 | 9 |
| Total expense | 1 | 2 |
| Non-United States plans | ||
| Retirement benefits plans expense (income) | ||
| Service cost | 12 | 11 |
| Interest cost | 21 | 21 |
| Expected return on plan assets | (33) | (30) |
| Amortization | 3 | 1 |
| Total | 3 | 3 |
| Settlements | 1 | 1 |
| Total expense | $ 4 | $ 4 |
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- Definition Total Benefit Plans. No definition available.
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- Definition Amount of gain (loss) recognized in net periodic benefit (cost) credit of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of expected return (loss) recognized in net periodic benefit (cost) credit, calculated based on expected long-term rate of return and market-related value of plan assets of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of cost recognized for passage of time related to defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of net periodic benefit cost (credit) for defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount of gain (loss) recognized in net periodic benefit (cost) credit from settlement and curtailment. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of cost for actuarial present value of benefits attributed to service rendered by employee for defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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