PENSION PLANS AND OTHER POST-EMPLOYMENT BENEFITS (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Retirement Benefits [Abstract] |
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| Schedule of Weighted-Average Assumptions Used |
The weighted-average assumptions used to determine pension plan obligations and net periodic benefit costs for all plans are summarized in the table below: | | | | | | | | | | | | | | | | | | | Weighted-Average Assumptions for Pension Plans | Benefit Obligations
at December 31, | Net Periodic Costs
for the Years Ended | | | 2025 | 2024 | 2025 | 2024 | 2023 | | Discount rate | 3.54 | % | 3.67 | % | 3.35 | % | 3.46 | % | 3.05 | % | | Interest crediting rate for applicable benefits | 1.75 | % | 1.75 | % | 1.75 | % | 2.00 | % | 2.25 | % | | Rate of compensation increase | 3.05 | % | 3.41 | % | 3.01 | % | 3.11 | % | 3.25 | % | | Expected return on plan assets | N/A | N/A | 4.19 | % | 4.43 | % | 3.61 | % |
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| Schedule of Pension Plans and Other Postretirement Benefits |
Summarized information on the Company's pension and other postretirement benefit plans is as follows: | | | | | | | | | | Change in Projected Benefit Obligations of All Plans | 2025 | 2024 | | In millions | | Change in projected benefit obligations: | | | | Benefit obligations at beginning of year | $ | 2,435 | | $ | 2,704 | | | Service cost | 16 | | 17 | | | Interest cost | 82 | | 84 | | | Plan participants' contributions | 4 | | 9 | | Actuarial changes in assumptions and experience | (48) | | (49) | | | Benefits paid | (192) | | (208) | | | Plan amendments | 1 | | — | | | Transfer to Qnity at spin-off | (411) | | — | | | Effect of foreign exchange rates | 235 | | (122) | | | Settlements/curtailments | (66) | | — | | | | | | | | | Benefit obligations at end of year | $ | 2,056 | | $ | 2,435 | |
| | | | | | | | | | Change in Plan Assets and Funded Status of All Plans | 2025 | 2024 | | In millions | | Change in plan assets: | | | | Fair value of plan assets at beginning of year | $ | 2,161 | | $ | 2,424 | | | Actual return on plan assets | 47 | | (14) | | | Employer contributions | 55 | | 51 | | | Plan participants' contributions | 4 | | 9 | | | Benefits paid | (192) | | (208) | | | | | | Effect of foreign exchange rates | 205 | | (101) | | | Settlements | (69) | | — | | | Transfer to Qnity at spin-off | (346) | | — | | | | | | Fair value of plan assets at end of year | $ | 1,865 | | $ | 2,161 | | | | | | Funded status: | | | | | | | Plans with plan assets | $ | 230 | | $ | 186 | | | All other plans | (421) | | (460) | | | Funded status at end of year | $ | (191) | | $ | (274) | |
The following tables summarize the amounts recognized in the Consolidated Balance Sheets for all plans: | | | | | | | | | | Amounts Recognized in the Consolidated Balance Sheets for All Plans | December 31, 2025 | December 31, 2024 | | In millions | Amounts recognized in the consolidated balance sheets: | | | | Deferred charges and other assets | $ | 293 | | $ | 291 | | | | | | Accrued and other current liabilities | (47) | | (42) | | | Pension and other postretirement benefits - noncurrent | (437) | | (523) | | | | | | Net amount recognized | $ | (191) | | $ | (274) | | | | | | Pretax amounts recognized in accumulated other comprehensive loss (income): | | | | Net loss (gain) | $ | 173 | | $ | 167 | | | Prior service credit | — | | (4) | | Pretax balance in accumulated other comprehensive loss at end of year | $ | 173 | | $ | 163 | |
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| Schedule of Accumulated Benefit Obligations in Excess of Plan Assets |
| | | | | | | | | | Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets | December 31, 2025 | December 31, 2024 | | In millions | | Accumulated benefit obligations | $ | 573 | | $ | 646 | | | Fair value of plan assets | $ | 120 | | $ | 134 | |
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| Schedule of Pension Plans with Projected Benefit Obligations in Excess of Plan Assets |
| | | | | | | | | | Pension Plans with Projected Benefit Obligations in Excess of Plan Assets | December 31, 2025 | December 31, 2024 | | In millions | | Projected benefit obligations | $ | 583 | | $ | 683 | | | Fair value of plan assets | $ | 120 | | $ | 144 | |
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| Schedule of Net Periodic Benefit Costs |
| | | | | | | | | | | | | Net Periodic Benefit Costs for All Plans for the Years Ended December 31, | 2025 | 2024 | 2023 | | In millions | | Net Periodic Benefit Costs: | | | | | Service cost | $ | 16 | | $ | 17 | | $ | 25 | | | Interest cost | 82 | | 84 | | 99 | | | Expected return on plan assets | (88) | | (100) | | (92) | | | Amortization of prior service credit | (3) | | (3) | | (3) | | | Amortization of unrecognized net loss (gain) | 1 | | — | | (1) | | | Curtailment/settlement/other (gain) loss | (2) | | 1 | | (3) | | | Net periodic benefit costs (credits) - Total | $ | 6 | | $ | (1) | | $ | 25 | | | Less: Net periodic benefit costs - Discontinued operations | 3 | | — | | 2 | | Net periodic benefit costs (credits) - Continuing operations 1 | $ | 3 | | $ | (1) | | $ | 23 | | | Changes in plan assets and benefit obligations recognized in other comprehensive loss (income): | | | | Net (gain) loss2 | $ | (7) | | $ | 70 | | $ | 108 | | | | | | | Amortization of prior service credit | 3 | | 3 | | 3 | | | Amortization of unrecognized (loss) gain | (1) | | — | | 1 | | | Curtailment revaluation (gain) loss | (2) | | — | | — | | | Settlement benefit (charge) | 6 | | (1) | | 3 | | | Effect of foreign exchange rates | 18 | | (1) | | 1 | | | Transfer to Qnity at spin-off | (1) | | — | | — | | | Plan amendments | 1 | | — | | — | | | Total recognized in other comprehensive loss (income) | $ | 17 | | $ | 71 | | $ | 116 | | | | | | | Total recognized in net periodic benefit costs (credits) and other comprehensive loss (income) | $ | 20 | | $ | 70 | | $ | 139 | |
1. Refer to the separate table below for details of Net Periodic Benefit Costs for Plans in Continuing Operations.2. The actuarial gain for the year ended December 31, 2025 was primarily due to increasing discount rates on the projected benefit obligations, partially offset by a loss on assets in excess of what was expected. The actuarial loss for the year ended December 31, 2024 was primarily due to losses on assets in excess of what was expected, partially offset by gains due to discount rates on the projected benefit obligations. | | | | | | | | | | | | | Net Periodic Benefit Costs for Plans in Continuing Operations for the Years Ended December 31, | 2025 | 2024 | 2023 | | In millions | | Net Periodic Benefit Costs: | | | | | Service cost | $ | 8 | | $ | 8 | | $ | 10 | | | Interest cost | 67 | | 63 | | 71 | | | Expected return on plan assets | (69) | | (73) | | (56) | | | Amortization of prior service credit | (2) | | (2) | | (1) | | | Amortization of unrecognized net loss | 2 | | 1 | | 1 | | | Curtailment/settlement | (3) | | 2 | | (2) | | | Net periodic benefit costs (credits) - Continuing operations | $ | 3 | | $ | (1) | | $ | 23 | |
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| Schedule of Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive (Income) Loss |
| | | | | | | | | | | | | Net Periodic Benefit Costs for All Plans for the Years Ended December 31, | 2025 | 2024 | 2023 | | In millions | | Net Periodic Benefit Costs: | | | | | Service cost | $ | 16 | | $ | 17 | | $ | 25 | | | Interest cost | 82 | | 84 | | 99 | | | Expected return on plan assets | (88) | | (100) | | (92) | | | Amortization of prior service credit | (3) | | (3) | | (3) | | | Amortization of unrecognized net loss (gain) | 1 | | — | | (1) | | | Curtailment/settlement/other (gain) loss | (2) | | 1 | | (3) | | | Net periodic benefit costs (credits) - Total | $ | 6 | | $ | (1) | | $ | 25 | | | Less: Net periodic benefit costs - Discontinued operations | 3 | | — | | 2 | | Net periodic benefit costs (credits) - Continuing operations 1 | $ | 3 | | $ | (1) | | $ | 23 | | | Changes in plan assets and benefit obligations recognized in other comprehensive loss (income): | | | | Net (gain) loss2 | $ | (7) | | $ | 70 | | $ | 108 | | | | | | | Amortization of prior service credit | 3 | | 3 | | 3 | | | Amortization of unrecognized (loss) gain | (1) | | — | | 1 | | | Curtailment revaluation (gain) loss | (2) | | — | | — | | | Settlement benefit (charge) | 6 | | (1) | | 3 | | | Effect of foreign exchange rates | 18 | | (1) | | 1 | | | Transfer to Qnity at spin-off | (1) | | — | | — | | | Plan amendments | 1 | | — | | — | | | Total recognized in other comprehensive loss (income) | $ | 17 | | $ | 71 | | $ | 116 | | | | | | | Total recognized in net periodic benefit costs (credits) and other comprehensive loss (income) | $ | 20 | | $ | 70 | | $ | 139 | |
1. Refer to the separate table below for details of Net Periodic Benefit Costs for Plans in Continuing Operations.2. The actuarial gain for the year ended December 31, 2025 was primarily due to increasing discount rates on the projected benefit obligations, partially offset by a loss on assets in excess of what was expected. The actuarial loss for the year ended December 31, 2024 was primarily due to losses on assets in excess of what was expected, partially offset by gains due to discount rates on the projected benefit obligations. | | | | | | | | | | | | | Net Periodic Benefit Costs for Plans in Continuing Operations for the Years Ended December 31, | 2025 | 2024 | 2023 | | In millions | | Net Periodic Benefit Costs: | | | | | Service cost | $ | 8 | | $ | 8 | | $ | 10 | | | Interest cost | 67 | | 63 | | 71 | | | Expected return on plan assets | (69) | | (73) | | (56) | | | Amortization of prior service credit | (2) | | (2) | | (1) | | | Amortization of unrecognized net loss | 2 | | 1 | | 1 | | | Curtailment/settlement | (3) | | 2 | | (2) | | | Net periodic benefit costs (credits) - Continuing operations | $ | 3 | | $ | (1) | | $ | 23 | |
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| Schedule of Estimated Future Benefit Payments |
The estimated future benefit payments of continuing operations, reflecting expected future service, as appropriate, are presented in the following table: | | | | | | | Estimated Future Benefit Payments at December 31, 2025 | | In millions | | | 2026 | $ | 164 | | | 2027 | 155 | | | 2028 | 155 | | | 2029 | 158 | | | 2030 | 153 | | | Years 2031-2035 | 732 | | | Total | $ | 1,517 | |
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| Schedule of Target Allocation for Plan Assets |
The weighted-average target allocation for plan assets of DuPont's pension plans is summarized as follows: | | | | | | | Target Allocation for Plan Assets at December 31, 2025 | DuPont | | Asset Category | | Equity securities | 2 | % | | Fixed income securities | 9 | | | Alternative investments | 26 | | | Hedge funds | 17 | | | Pooled investment vehicles | 42 | | | Other investments | 4 | | | Total | 100 | % |
The following table summarizes the bases used to measure the Company’s pension plan assets at fair value for the years ended December 31, 2025 and 2024: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Basis of Fair Value Measurements | December 31, 2025 | December 31, 2024 | | In millions | Total | Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | | Cash and cash equivalents | $ | 18 | | $ | 18 | | $ | — | | $ | — | | $ | 52 | | $ | 52 | | $ | — | | $ | — | | | Equity securities: | | | | | | | | | | U.S. equity securities | $ | 19 | | $ | 19 | | $ | — | | $ | — | | $ | 20 | | $ | 20 | | $ | — | | $ | — | | | Non - U.S. equity securities | 24 | | 24 | | — | | — | | 26 | | 26 | | — | | — | | | Total equity securities | $ | 43 | | $ | 43 | | $ | — | | $ | — | | $ | 46 | | $ | 46 | | $ | — | | $ | — | | | Fixed income securities: | | | | | | | | | | Debt - government-issued | $ | 23 | | $ | — | | $ | 23 | | $ | — | | $ | 34 | | $ | — | | $ | 34 | | $ | — | | | Debt - corporate-issued | 4 | | — | | 4 | | — | | 4 | | — | | 4 | | — | | | | | | | | | | | | Total fixed income securities | $ | 27 | | $ | — | | $ | 27 | | $ | — | | $ | 38 | | $ | — | | $ | 38 | | $ | — | | | Alternative investments: | | | | | | | | | | Real estate | $ | 90 | | $ | — | | $ | — | | $ | 90 | | $ | 75 | | $ | — | | $ | — | | $ | 75 | | | Insurance contracts | 386 | | — | | — | | 386 | | 468 | | — | | — | | 468 | | | Derivatives - asset position | 3 | | — | | 3 | | — | | — | | — | | — | | — | | | Derivatives - liability position | — | | — | | — | | — | | (3) | | — | | (3) | | — | | | Total alternative investments | $ | 479 | | $ | — | | $ | 3 | | $ | 476 | | $ | 540 | | $ | — | | $ | (3) | | $ | 543 | | | Other Investments: | | | | | | | | | | Pooled investment vehicles | $ | 767 | | $ | 767 | | $ | — | | $ | — | | $ | 685 | | $ | 685 | | $ | — | | $ | — | | | | | | | | | | | | Other investments | 11 | | — | | $ | 11 | | $ | — | | — | | — | | — | | — | | | Total other investments | $ | 778 | | $ | 767 | | $ | 11 | | $ | — | | $ | 685 | | $ | 685 | | $ | — | | $ | — | | | Subtotal | $ | 1,345 | | $ | 828 | | $ | 41 | | $ | 476 | | $ | 1,361 | | $ | 783 | | $ | 35 | | $ | 543 | | | Investments measured at net asset value: | | | | | | | | | | Debt - government-issued | $ | 141 | | | | | $ | 147 | | | | | | Hedge funds | 301 | | | | | 552 | | | | | | Private market securities | 43 | | | | | 101 | | | | | | Pooled investment vehicles | 10 | | | | | — | | | | | Total investments measured at net asset value | $ | 495 | | | | | $ | 800 | | | | | Items to reconcile to fair value of plan assets: | | | | | | | | | Pension trust receivables 1 | $ | 25 | | | | | $ | — | | | | | Pension trust payables 2 | — | | | | | — | | | | | | Total | $ | 1,865 | | | | | $ | 2,161 | | | | |
1. Primarily receivables for investment securities sold. 2. Primarily payables for investment securities purchased.
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| Schedule of Fair Value Measurement of Level 3 Plan Assets |
The following table summarizes the changes in the fair value of Level 3 pension plan assets for the years ended December 31, 2025 and 2024: | | | | | | | | | | | | | | | Fair Value Measurement of Level 3 Pension Plan Assets | | | Real Estate | Insurance Contracts | Total | | In millions | | Balance at January 1, 2024 | | | $ | 79 | | $ | 524 | | $ | 603 | | | Actual return on assets: | | | | | | | | | | | | | Relating to assets held at December 31, 2024 | | | (6) | | (56) | | (62) | | | Purchases, sales and settlements, net | | | 2 | | (3) | | (1) | | | Transfers into Level 3 | | | — | | 3 | | 3 | | | | | | | | | Balance at December 31, 2024 | | | $ | 75 | | $ | 468 | | $ | 543 | | | Actual return on assets: | | | | | | | | | | | | | Relating to assets held at December 31, 2025 | | | 15 | | 30 | | 45 | | | Purchases, sales and settlements, net | | | — | | (89) | | (89) | | | | | | | | Transfers out of Level 3 1 | | | — | | (23) | | (23) | | | Balance at December 31, 2025 | | | $ | 90 | | $ | 386 | | $ | 476 | |
1. Related to the Electronics Separation.
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