v3.24.3
PENSION PLANS AND OTHER POST-EMPLOYMENT BENEFITS (Tables)
9 Months Ended
Sep. 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
September 30,
Nine Months Ended
September 30,
In millions2024202320242023
Service cost 1
$6 $6 $21 $19 
Interest cost 2
20 26 62 75 
Expected return on plan assets 3
(25)(24)(75)(71)
Amortization of prior service credit 4
(1)(1)(2)(2)
Amortization of unrecognized net loss 5
— (1)— (2)
Curtailment/settlement 6
2 — 1 (2)
Net periodic benefit costs - Total$2 $6 $7 $17 
Less: Net periodic benefit credits - Discontinued operations— (2)— (6)
Net periodic benefit costs - Continuing operations$2 $8 $7 $23 
1.The service cost from continuing operations was $5 million and $16 million for the three and nine months ended September 30, 2023, respectively, for significant plans.
2.The interest cost from continuing operations was $24 million and $70 million for the three and nine months ended September 30, 2023, respectively, for significant plans.
3.The expected return on plan assets from continuing operations was $20 million and $58 million for the three and nine months ended September 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 nine months ended September 30, 2023, respectively, for significant plans.
5.The amortization of unrecognized net gain for significant plans from continuing operations was $1 million and $2 million for the three and nine months ended September 30, 2023, respectively, for significant plans.
6.The curtailment and settlement gain from continuing operations was less than a million and $2 million for the three and nine months ended September 30, 2023, respectively, for significant plans.