PENSION AND OTHER POSTRETIREMENT BENEFITS

3 Months Ended

Mar. 31, 2026

PENSION AND OTHER POSTRETIREMENT BENEFITS

NOTE 3. PENSIONS AND OTHER POSTRETIREMENT BENEFITS

We sponsor funded and unfunded domestic and foreign defined benefit pension and other postretirement benefit (OPEB) plans. Contributions to these plans were as follows:


	Three months ended
	March 31,
In millions	2026		2025



Defined benefit pension contributions	$	12	$	12


OPEB payments, net	1		1


Defined contribution pension plans	44		49

We anticipate making additional defined benefit pension contributions during the remainder of 2026 of $35 million for our U.S. and U.K. qualified and non-qualified pension plans. These contributions may be made from trusts or company funds either to increase pension assets or to make direct benefit payments to plan participants. We expect our 2026 annual net periodic pension cost to approximate $75 million.

The components of net periodic pension and OPEB expense under our plans were as follows:


	Pension
	U.S. Plans				U.K. Plans				OPEB
	Three months ended March 31,
In millions	2026		2025		2026		2025		2026		2025
Service cost	$	35	$	33	$	3	$	4	$	—	$	—
Interest cost	44		43		20		18		1		1
Expected return on plan assets	(70)		(67)		(25)		(22)		—		—
Amortization of prior service cost	—		1		—		—		—		—
Recognized net actuarial loss (gain)	3		2		9		7		(1)		(1)
Net periodic benefit expense	$	12	$	12	$	7	$	7	$	—	$	—

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
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-Name Accounting Standards Codification
-Section 50
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-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

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+ Details

CUMMINS INC 10-Q