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RETIREMENT BENEFITS PLANS
 6 Months Ended
Jun. 30, 2026
Retirement Benefits [Abstract]  
RETIREMENT BENEFITS PLANS RETIREMENT BENEFITS PLANS
The components of retirement benefits expense (income) are as follows:
United States
pension benefit expense		Non-United States
pension benefit expense		Other postretirement
benefits expense
Three months ended June 30
(In millions)202620252026202520262025
Service cost$1 $4 $13 $11 $— $— 
Interest cost30 34 23 23 2 3 
Expected return on plan assets(47)(47)(34)(33)— — 
Amortization6 3 5 4 (2)(3)
(10)(6)7 5 — — 
Settlements, curtailments, and termination benefits16 9 1 3 — — 
Total expense$6 $3 $8 $8 $— $— 
United States
pension benefit expense		Non-United States pension benefit expenseOther postretirement
benefits expense (income)
Six months ended June 30
(In millions)202620252026202520262025
Service cost$2 $8 $25 $22 $— $— 
Interest cost60 68 46 44 4 5 
Expected return on plan assets(95)(95)(67)(64)— — 
Amortization12 7 11 8 (5)(6)
(21)(12)15 10 (1)(1)
Settlements, curtailments, and termination benefits28 18 2 5 — — 
Total expense (income)$7 $6 $17 $15 $(1)$(1)
The components of retirement benefits expense (income) other than service costs are included in Other expense (income) - net.
During 2020, the Company announced it was freezing its United States pension plans for its non-union employees. The freeze was effective January 1, 2021 for non-union U.S. employees whose retirement benefit was determined under a cash balance formula and was effective January 1, 2026 for non-union U.S. employees whose retirement benefit is determined under a final average pay formula.
During the second quarter and first six months of 2026, the Company recognized settlement losses from lump sum distributions of $15 million and $28 million, respectively. During the second quarter and first six months of 2025, the Company recognized settlement losses from lump sum distributions of $12 million and $23 million, respectively. In the second quarter of 2026, the Company remeasured certain pension plans as a result of lump-sum distributions exceeding or expected to exceed the sum of service and interest costs for the year. These remeasurements resulted in an increase of $47 million in funded status and corresponding decrease in Accumulated other comprehensive loss in the second quarter of 2026.