PENSION, POST-RETIREMENT AND POST-EMPLOYMENT PLANS - Key Assumptions Used to Determine Net Periodic Benefit Expense (Details) |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2024 |
Dec. 31, 2023 |
Dec. 31, 2022 |
|
| Domestic | Pension and SERP Benefits | |||
| Weighted average assumptions used to determine net periodic benefit cost: | |||
| Discount rate | 5.00% | 5.20% | 2.80% |
| Rate of compensation increase | 3.00% | 3.00% | 3.00% |
| Interest crediting rate | 5.30% | 5.30% | 5.30% |
| Long-term rate of return on assets | 7.00% | 7.00% | 4.80% |
| Domestic | Post-retirement Medical Benefits | |||
| Weighted average assumptions used to determine net periodic benefit cost: | |||
| Discount rate | 5.00% | 5.10% | 2.90% |
| Foreign | Pension and SERP Benefits | |||
| Weighted average assumptions used to determine net periodic benefit cost: | |||
| Discount rate | 3.10% | 3.50% | 1.20% |
| Rate of compensation increase | 3.40% | 3.20% | 2.90% |
| Interest crediting rate | 3.30% | 3.40% | 3.10% |
| Long-term rate of return on assets | 3.10% | 3.60% | 3.10% |