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Annual report pursuant to Section 13 and 15(d)

PENSIONS AND OTHER POSTRETIREMENT BENEFITS - Multiemployer Plan (Details)

v3.24.0.1
PENSIONS AND OTHER POSTRETIREMENT BENEFITS - Multiemployer Plan (Details)
12 Months Ended
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Nov. 01, 2022
USD ($)
Oct. 31, 2022
USD ($)
Multiemployer Plan [Line Items] Ìý Ìý Ìý Ìý Ìý
Contributions $ 143,000,000 $ 115,000,000 $ 104,000,000 Ìý Ìý
Contribution per eligible hour Ìý Ìý Ìý $ 4.00 $ 0.50
Steelworkers Pension Trust Ìý Ìý Ìý Ìý Ìý
Multiemployer Plan [Line Items] Ìý Ìý Ìý Ìý Ìý
Pension Plan EIN 236648508 Ìý Ìý Ìý Ìý
Pension Plan Number 499 Ìý Ìý Ìý Ìý
Pension Protection Act Zone Status Green Green Ìý Ìý Ìý
FIP/RP Status Pending/Implemented No Ìý Ìý Ìý Ìý
Contributions $ 119,000,000 $ 93,000,000 88,000,000 Ìý Ìý
Surcharge Imposed No Ìý Ìý Ìý Ìý
Total actuarial liability Ìý 6,378,000,000 Ìý Ìý Ìý
Market value of assets Ìý $ 5,827,000,000 Ìý Ìý Ìý
Funded ratio Ìý 0.91 Ìý Ìý Ìý
IAM National Pension Fund's National Pension Plan Ìý Ìý Ìý Ìý Ìý
Multiemployer Plan [Line Items] Ìý Ìý Ìý Ìý Ìý
Pension Plan EIN 516031295 Ìý Ìý Ìý Ìý
Pension Plan Number 002 Ìý Ìý Ìý Ìý
Pension Protection Act Zone Status Red Red Ìý Ìý Ìý
FIP/RP Status Pending/Implemented Implemented Ìý Ìý Ìý Ìý
Contributions $ 23,000,000 $ 22,000,000 16,000,000 Ìý Ìý
Surcharge Imposed Yes Ìý Ìý Ìý Ìý
Other Plans Ìý Ìý Ìý Ìý Ìý
Multiemployer Plan [Line Items] Ìý Ìý Ìý Ìý Ìý
Contributions $ 1,000,000 $ 0 $ 0 Ìý Ìý