v3.24.2
PENSION PLANS AND OTHER POST-EMPLOYMENT BENEFITS (Tables)
6 Months Ended
Jun. 30, 2024
Retirement Benefits [Abstract]  
Schedule of Net Periodic Benefit Costs
The following sets forth the components of the Company's net periodic benefit costs (credits) for defined benefit pension plans:
Net Periodic Benefit Costs for All Significant PlansThree Months Ended
June 30,
Six Months Ended
June 30,
In millions2024202320242023
Service cost 1
$6 $4 $15 $13 
Interest cost 2
22 25 42 49 
Expected return on plan assets 3
(24)(24)(50)(47)
Amortization of prior service credit 4
— — (1)(1)
Amortization of unrecognized net loss 5
— (1)— (1)
Curtailment/settlement 6
(1)(1)(1)(2)
Net periodic benefit costs - Total$3 $3 $5 $11 
Less: Net periodic benefit credits - Discontinued operations— (2)— (4)
Net periodic benefit costs - Continuing operations$3 $5 $5 $15 
1.The service cost from continuing operations was $3 million and $11 million for the three and six months ended June 30, 2023, respectively, for significant plans.
2.The interest cost from continuing operations was $23 million and $46 million for the three and six months ended June 30, 2023, respectively, for significant plans.
3.The expected return on plan assets from continuing operations was $19 million and $38 million for the three and six months ended June 30, 2023, respectively, for significant plans.
4.The amortization of prior service credit from continuing operations was less than a million and $1 million for the three and six months ended June 30, 2023, respectively, for significant plans.
5.The amortization of unrecognized net gain for significant plans from continuing operations was $1 million for the three and six months ended June 30, 2023, respectively, for significant plans.
6.The curtailment and settlement gain from continuing operations was $1 million and $2 million for the three and six months ended June 30, 2023, respectively, for significant plans.