PENSIONS AND OTHER POSTRETIREMENT BENEFITS - Weighted-Average Assumptions Used to Determine Net Benefit Cost (Details) |
12 Months Ended | ||
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Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
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Pension Benefits | |||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | |||
Obligation discount rate | 5.47% | 3.21% | 2.32% |
Service cost discount rate | 5.61% | 3.49% | 2.78% |
Interest cost discount rate | 5.34% | 2.75% | 1.64% |
Interest crediting rate | 5.46% | 5.39% | 5.35% |
Expected return on plan assets | 7.66% | 6.87% | 6.84% |
Compensation rate increase | 3.00% | 2.74% | 2.54% |
OPEB | |||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | |||
Obligation discount rate | 5.52% | 3.33% | 2.46% |
Service cost discount rate | 5.65% | 3.91% | 3.28% |
Interest cost discount rate | 5.38% | 3.01% | 2.04% |
Expected return on plan assets | 5.87% | 4.86% | 5.20% |
Compensation rate increase | 3.00% | 3.00% | 3.00% |
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- Definition Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Interest Cost Discount Rate No definition available.
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- Definition Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Obligation Discount Rate No definition available.
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- Definition Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Service Cost Discount Rate No definition available.
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- Definition Weighted average rate of return on plan assets, reflecting average rate of earnings expected on existing plan assets and expected contributions, used to determine net periodic benefit cost of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Weighted average rate of compensation increase used to determine net periodic benefit cost of defined benefit plan. Plan includes, but is not limited to, pay-related defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Weighted-average interest crediting rate used to determine net periodic benefit cost of defined benefit plan. Plan includes, but is not limited to, cash balance and other defined benefit plans with promised interest crediting rate. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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