Employee benefit plans

6 Months Ended

Jun. 30, 2026

The components of net periodic benefit (credit) cost are presented below. The service cost component is reflected in staff expense, whereas the remaining components are reflected in other expense.


Net periodic benefit (credit) cost	Quarter ended
	June 30, 2026						June 30, 2025
(in millions)	Domestic pension benefits		Foreign pension benefits		Healthcare benefits			Domestic pension benefits		Foreign pension benefits		Healthcare benefits
Service cost	$	—	$	4	$	—		$	—	$	—	$	—
Interest cost	44		11		1			46		11		1
Expected return on assets	(90)		(20)		(3)			(91)		(20)		(2)
Other	14		—		1			8		(1)		1
Net periodic benefit (credit)	$	(32)	$	(5)	$	(1)		$	(37)	$	(10)	$	—

- Definition

The entire disclosure for retirement benefits.

+ References

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+ Details