RETIREMENT BENEFIT PLANS - Retirement Benefits Expense (Details) - Pension plans - USD ($) $ in Millions |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2024 |
Sep. 30, 2023 |
Sep. 30, 2024 |
Sep. 30, 2023 |
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| UNITED STATES | ||||
| Retirement benefits plans expense (income) | ||||
| Service cost | $ 5 | $ 4 | $ 14 | $ 14 |
| Interest cost | 33 | 35 | 100 | 106 |
| Expected return on plan assets | (47) | (48) | (142) | (146) |
| Amortization | 2 | 1 | 7 | 3 |
| Total | (7) | (8) | (21) | (23) |
| Settlements | 12 | 9 | 31 | 28 |
| Total expense | 5 | 1 | 10 | 5 |
| Non-United States plans | ||||
| Retirement benefits plans expense (income) | ||||
| Service cost | 11 | 11 | 34 | 32 |
| Interest cost | 21 | 22 | 64 | 64 |
| Expected return on plan assets | (35) | (31) | (101) | (91) |
| Amortization | 4 | 1 | 9 | 5 |
| Total | 1 | 4 | 6 | 11 |
| Settlements | 1 | 1 | 4 | 2 |
| Total expense | $ 2 | $ 5 | $ 10 | $ 13 |
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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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