RETIREMENT BENEFIT PLANS - Retirement Benefits Expense (Details) - Pension plans - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2024 |
Jun. 30, 2023 |
Jun. 30, 2024 |
Jun. 30, 2023 |
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| UNITED STATES | ||||
| Retirement benefits plans expense (income) | ||||
| Service cost | $ 5 | $ 5 | $ 9 | $ 10 |
| Interest cost | 34 | 35 | 67 | 71 |
| Expected return on plan assets | (48) | (49) | (95) | (98) |
| Amortization | 3 | 1 | 5 | 2 |
| Total | (6) | (8) | (14) | (15) |
| Settlements | 10 | 10 | 19 | 19 |
| Total expense | 4 | 2 | 5 | 4 |
| Non-United States plans | ||||
| Retirement benefits plans expense (income) | ||||
| Service cost | 11 | 10 | 23 | 21 |
| Interest cost | 22 | 21 | 43 | 42 |
| Expected return on plan assets | (33) | (30) | (66) | (60) |
| Amortization | 2 | 3 | 5 | 4 |
| Total | 2 | 4 | 5 | 7 |
| Settlements | 2 | 0 | 3 | 1 |
| Total expense | $ 4 | $ 4 | $ 8 | $ 8 |
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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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