v3.26.1
RETIREMENT BENEFITS (Tables)
3 Months Ended
Mar. 31, 2026
Retirement Benefits [Abstract]  
Schedule of Defined Benefit Plans - Expense
The pre-tax net periodic benefit cost/(income) for our defined benefit pension and OPEB plans for the periods ended March 31 were as follows (in millions):
First Quarter
20252026
 Pension BenefitsOPEBPension BenefitsOPEB
 U.S. PlansNon-U.S. PlansWorldwide U.S. PlansNon-U.S. PlansWorldwide
Service cost$52 $48 $$53 $44 $
Interest cost393 224 55 353 248 50 
Expected return on assets(456)(278)— (449)(295)— 
Amortization of prior service costs/(credits)
22 22 
Net remeasurement (gain)/loss— (10)— — (243)— 
Separation costs/other24 — — 53 — 
Settlements and curtailments
— — — — 15 — 
Net periodic benefit cost/(income)
$18 $14 $62 $(21)$(172)$57