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The Company’s Board of Directors has approved common share repurchase authorizations under which repurchases may be made from time to time in the open market, pursuant to pre-set trading plans meeting the requirements of Rule 10b5-1 under the Securities Exchange Act of 1934, in private transactions or otherwise. The authorizations do not have a stated expiration date. The timing and actual number of shares to be repurchased in the future will depend on a variety of factors, including the Company’s financial position, earnings, share price, catastrophe losses, maintaining capital levels appropriate for the Company’s business operations, changes in levels of written premiums, funding of the Company’s qualified pension plan, capital requirements of the Company’s operating subsidiaries, legal requirements, regulatory constraints, other investment opportunities (including mergers and acquisitions and related financings), market conditions, changes in tax laws and other factors. In April 2023, the Board of Directors approved a share repurchase authorization that added an additional $ 5.0 billion of repurchase capacity. During 2024, the Company repurchased 4.4 million shares under its share repurchase authorizations, for a total of $ 1.0 billion. The average cost per share repurchased was $ 225.44 . Included in the cost of treasury stock acquired pursuant to common share repurchases is the 1% excise tax imposed on common share repurchase activity, net of common share issuances, as part of the Inflation Reduction Act of 2022. At December 31, 2024, the Company had $ 5.04 billion of capacity remaining under its share repurchase authorizations. | text | 4.4 | sharesItemType | text: <entity> 4.4 </entity> <entity type> sharesItemType </entity type> <context> The Company’s Board of Directors has approved common share repurchase authorizations under which repurchases may be made from time to time in the open market, pursuant to pre-set trading plans meeting the requirements of Rule 10b5-1 under the Securities Exchange Act of 1934, in private transactions or otherwise. The authorizations do not have a stated expiration date. The timing and actual number of shares to be repurchased in the future will depend on a variety of factors, including the Company’s financial position, earnings, share price, catastrophe losses, maintaining capital levels appropriate for the Company’s business operations, changes in levels of written premiums, funding of the Company’s qualified pension plan, capital requirements of the Company’s operating subsidiaries, legal requirements, regulatory constraints, other investment opportunities (including mergers and acquisitions and related financings), market conditions, changes in tax laws and other factors. In April 2023, the Board of Directors approved a share repurchase authorization that added an additional $ 5.0 billion of repurchase capacity. During 2024, the Company repurchased 4.4 million shares under its share repurchase authorizations, for a total of $ 1.0 billion. The average cost per share repurchased was $ 225.44 . Included in the cost of treasury stock acquired pursuant to common share repurchases is the 1% excise tax imposed on common share repurchase activity, net of common share issuances, as part of the Inflation Reduction Act of 2022. At December 31, 2024, the Company had $ 5.04 billion of capacity remaining under its share repurchase authorizations. </context> | us-gaap:TreasuryStockSharesAcquired |
The Company’s Board of Directors has approved common share repurchase authorizations under which repurchases may be made from time to time in the open market, pursuant to pre-set trading plans meeting the requirements of Rule 10b5-1 under the Securities Exchange Act of 1934, in private transactions or otherwise. The authorizations do not have a stated expiration date. The timing and actual number of shares to be repurchased in the future will depend on a variety of factors, including the Company’s financial position, earnings, share price, catastrophe losses, maintaining capital levels appropriate for the Company’s business operations, changes in levels of written premiums, funding of the Company’s qualified pension plan, capital requirements of the Company’s operating subsidiaries, legal requirements, regulatory constraints, other investment opportunities (including mergers and acquisitions and related financings), market conditions, changes in tax laws and other factors. In April 2023, the Board of Directors approved a share repurchase authorization that added an additional $ 5.0 billion of repurchase capacity. During 2024, the Company repurchased 4.4 million shares under its share repurchase authorizations, for a total of $ 1.0 billion. The average cost per share repurchased was $ 225.44 . Included in the cost of treasury stock acquired pursuant to common share repurchases is the 1% excise tax imposed on common share repurchase activity, net of common share issuances, as part of the Inflation Reduction Act of 2022. At December 31, 2024, the Company had $ 5.04 billion of capacity remaining under its share repurchase authorizations. | text | 1.0 | monetaryItemType | text: <entity> 1.0 </entity> <entity type> monetaryItemType </entity type> <context> The Company’s Board of Directors has approved common share repurchase authorizations under which repurchases may be made from time to time in the open market, pursuant to pre-set trading plans meeting the requirements of Rule 10b5-1 under the Securities Exchange Act of 1934, in private transactions or otherwise. The authorizations do not have a stated expiration date. The timing and actual number of shares to be repurchased in the future will depend on a variety of factors, including the Company’s financial position, earnings, share price, catastrophe losses, maintaining capital levels appropriate for the Company’s business operations, changes in levels of written premiums, funding of the Company’s qualified pension plan, capital requirements of the Company’s operating subsidiaries, legal requirements, regulatory constraints, other investment opportunities (including mergers and acquisitions and related financings), market conditions, changes in tax laws and other factors. In April 2023, the Board of Directors approved a share repurchase authorization that added an additional $ 5.0 billion of repurchase capacity. During 2024, the Company repurchased 4.4 million shares under its share repurchase authorizations, for a total of $ 1.0 billion. The average cost per share repurchased was $ 225.44 . Included in the cost of treasury stock acquired pursuant to common share repurchases is the 1% excise tax imposed on common share repurchase activity, net of common share issuances, as part of the Inflation Reduction Act of 2022. At December 31, 2024, the Company had $ 5.04 billion of capacity remaining under its share repurchase authorizations. </context> | us-gaap:TreasuryStockValueAcquiredCostMethod |
The Company’s Board of Directors has approved common share repurchase authorizations under which repurchases may be made from time to time in the open market, pursuant to pre-set trading plans meeting the requirements of Rule 10b5-1 under the Securities Exchange Act of 1934, in private transactions or otherwise. The authorizations do not have a stated expiration date. The timing and actual number of shares to be repurchased in the future will depend on a variety of factors, including the Company’s financial position, earnings, share price, catastrophe losses, maintaining capital levels appropriate for the Company’s business operations, changes in levels of written premiums, funding of the Company’s qualified pension plan, capital requirements of the Company’s operating subsidiaries, legal requirements, regulatory constraints, other investment opportunities (including mergers and acquisitions and related financings), market conditions, changes in tax laws and other factors. In April 2023, the Board of Directors approved a share repurchase authorization that added an additional $ 5.0 billion of repurchase capacity. During 2024, the Company repurchased 4.4 million shares under its share repurchase authorizations, for a total of $ 1.0 billion. The average cost per share repurchased was $ 225.44 . Included in the cost of treasury stock acquired pursuant to common share repurchases is the 1% excise tax imposed on common share repurchase activity, net of common share issuances, as part of the Inflation Reduction Act of 2022. At December 31, 2024, the Company had $ 5.04 billion of capacity remaining under its share repurchase authorizations. | text | 225.44 | perShareItemType | text: <entity> 225.44 </entity> <entity type> perShareItemType </entity type> <context> The Company’s Board of Directors has approved common share repurchase authorizations under which repurchases may be made from time to time in the open market, pursuant to pre-set trading plans meeting the requirements of Rule 10b5-1 under the Securities Exchange Act of 1934, in private transactions or otherwise. The authorizations do not have a stated expiration date. The timing and actual number of shares to be repurchased in the future will depend on a variety of factors, including the Company’s financial position, earnings, share price, catastrophe losses, maintaining capital levels appropriate for the Company’s business operations, changes in levels of written premiums, funding of the Company’s qualified pension plan, capital requirements of the Company’s operating subsidiaries, legal requirements, regulatory constraints, other investment opportunities (including mergers and acquisitions and related financings), market conditions, changes in tax laws and other factors. In April 2023, the Board of Directors approved a share repurchase authorization that added an additional $ 5.0 billion of repurchase capacity. During 2024, the Company repurchased 4.4 million shares under its share repurchase authorizations, for a total of $ 1.0 billion. The average cost per share repurchased was $ 225.44 . Included in the cost of treasury stock acquired pursuant to common share repurchases is the 1% excise tax imposed on common share repurchase activity, net of common share issuances, as part of the Inflation Reduction Act of 2022. At December 31, 2024, the Company had $ 5.04 billion of capacity remaining under its share repurchase authorizations. </context> | us-gaap:TreasuryStockAcquiredAverageCostPerShare |
The Company’s Board of Directors has approved common share repurchase authorizations under which repurchases may be made from time to time in the open market, pursuant to pre-set trading plans meeting the requirements of Rule 10b5-1 under the Securities Exchange Act of 1934, in private transactions or otherwise. The authorizations do not have a stated expiration date. The timing and actual number of shares to be repurchased in the future will depend on a variety of factors, including the Company’s financial position, earnings, share price, catastrophe losses, maintaining capital levels appropriate for the Company’s business operations, changes in levels of written premiums, funding of the Company’s qualified pension plan, capital requirements of the Company’s operating subsidiaries, legal requirements, regulatory constraints, other investment opportunities (including mergers and acquisitions and related financings), market conditions, changes in tax laws and other factors. In April 2023, the Board of Directors approved a share repurchase authorization that added an additional $ 5.0 billion of repurchase capacity. During 2024, the Company repurchased 4.4 million shares under its share repurchase authorizations, for a total of $ 1.0 billion. The average cost per share repurchased was $ 225.44 . Included in the cost of treasury stock acquired pursuant to common share repurchases is the 1% excise tax imposed on common share repurchase activity, net of common share issuances, as part of the Inflation Reduction Act of 2022. At December 31, 2024, the Company had $ 5.04 billion of capacity remaining under its share repurchase authorizations. | text | 5.04 | monetaryItemType | text: <entity> 5.04 </entity> <entity type> monetaryItemType </entity type> <context> The Company’s Board of Directors has approved common share repurchase authorizations under which repurchases may be made from time to time in the open market, pursuant to pre-set trading plans meeting the requirements of Rule 10b5-1 under the Securities Exchange Act of 1934, in private transactions or otherwise. The authorizations do not have a stated expiration date. The timing and actual number of shares to be repurchased in the future will depend on a variety of factors, including the Company’s financial position, earnings, share price, catastrophe losses, maintaining capital levels appropriate for the Company’s business operations, changes in levels of written premiums, funding of the Company’s qualified pension plan, capital requirements of the Company’s operating subsidiaries, legal requirements, regulatory constraints, other investment opportunities (including mergers and acquisitions and related financings), market conditions, changes in tax laws and other factors. In April 2023, the Board of Directors approved a share repurchase authorization that added an additional $ 5.0 billion of repurchase capacity. During 2024, the Company repurchased 4.4 million shares under its share repurchase authorizations, for a total of $ 1.0 billion. The average cost per share repurchased was $ 225.44 . Included in the cost of treasury stock acquired pursuant to common share repurchases is the 1% excise tax imposed on common share repurchase activity, net of common share issuances, as part of the Inflation Reduction Act of 2022. At December 31, 2024, the Company had $ 5.04 billion of capacity remaining under its share repurchase authorizations. </context> | us-gaap:StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1 |
The Company’s Amended and Restated 2014 Stock Incentive Plan and the 2023 Stock Incentive Plan provide settlement alternatives to employees in which the Company retains shares to cover payroll withholding taxes in connection with the vesting of restricted stock unit awards and performance share awards, and shares used by employees to cover the exercise price, as well as the related payroll withholding taxes, with respect to certain stock options that were exercised. During the years ended December 31, 2024 and 2023, the Company acquired $ 146 million and $ 64 million, respectively, of its common stock under these plans. | text | 146 | monetaryItemType | text: <entity> 146 </entity> <entity type> monetaryItemType </entity type> <context> The Company’s Amended and Restated 2014 Stock Incentive Plan and the 2023 Stock Incentive Plan provide settlement alternatives to employees in which the Company retains shares to cover payroll withholding taxes in connection with the vesting of restricted stock unit awards and performance share awards, and shares used by employees to cover the exercise price, as well as the related payroll withholding taxes, with respect to certain stock options that were exercised. During the years ended December 31, 2024 and 2023, the Company acquired $ 146 million and $ 64 million, respectively, of its common stock under these plans. </context> | us-gaap:AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation |
The Company’s Amended and Restated 2014 Stock Incentive Plan and the 2023 Stock Incentive Plan provide settlement alternatives to employees in which the Company retains shares to cover payroll withholding taxes in connection with the vesting of restricted stock unit awards and performance share awards, and shares used by employees to cover the exercise price, as well as the related payroll withholding taxes, with respect to certain stock options that were exercised. During the years ended December 31, 2024 and 2023, the Company acquired $ 146 million and $ 64 million, respectively, of its common stock under these plans. | text | 64 | monetaryItemType | text: <entity> 64 </entity> <entity type> monetaryItemType </entity type> <context> The Company’s Amended and Restated 2014 Stock Incentive Plan and the 2023 Stock Incentive Plan provide settlement alternatives to employees in which the Company retains shares to cover payroll withholding taxes in connection with the vesting of restricted stock unit awards and performance share awards, and shares used by employees to cover the exercise price, as well as the related payroll withholding taxes, with respect to certain stock options that were exercised. During the years ended December 31, 2024 and 2023, the Company acquired $ 146 million and $ 64 million, respectively, of its common stock under these plans. </context> | us-gaap:AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation |
The Company’s U.S. insurance subsidiaries, domiciled principally in the State of Connecticut, are subject to various regulatory restrictions that limit the maximum amount of dividends available to be paid by each insurance subsidiary to its respective parent company without prior approval of insurance regulatory authorities. A maximum of $ 4.17 billion is available by the end of 2025 for such dividends to ultimately be paid to the holding company, TRV, without prior approval of the Connecticut Insurance Department. The Company may choose to accelerate the timing within 2025 and/or increase the amount of dividends from its insurance subsidiaries in 2025, which could result in certain dividends being subject to approval by the Connecticut Insurance Department prior to payment. | text | 4.17 | monetaryItemType | text: <entity> 4.17 </entity> <entity type> monetaryItemType </entity type> <context> The Company’s U.S. insurance subsidiaries, domiciled principally in the State of Connecticut, are subject to various regulatory restrictions that limit the maximum amount of dividends available to be paid by each insurance subsidiary to its respective parent company without prior approval of insurance regulatory authorities. A maximum of $ 4.17 billion is available by the end of 2025 for such dividends to ultimately be paid to the holding company, TRV, without prior approval of the Connecticut Insurance Department. The Company may choose to accelerate the timing within 2025 and/or increase the amount of dividends from its insurance subsidiaries in 2025, which could result in certain dividends being subject to approval by the Connecticut Insurance Department prior to payment. </context> | us-gaap:StatutoryAccountingPracticesStatutoryAmountAvailableForDividendPaymentsWithoutRegulatoryApproval |
The U.S. insurance subsidiaries paid dividends of $ 2.00 billion, $ 1.17 billion and $ 2.90 billion during 2024, 2023 and 2022, respectively. | text | 2.00 | monetaryItemType | text: <entity> 2.00 </entity> <entity type> monetaryItemType </entity type> <context> The U.S. insurance subsidiaries paid dividends of $ 2.00 billion, $ 1.17 billion and $ 2.90 billion during 2024, 2023 and 2022, respectively. </context> | us-gaap:PaymentsOfDividendsCommonStock |
The U.S. insurance subsidiaries paid dividends of $ 2.00 billion, $ 1.17 billion and $ 2.90 billion during 2024, 2023 and 2022, respectively. | text | 1.17 | monetaryItemType | text: <entity> 1.17 </entity> <entity type> monetaryItemType </entity type> <context> The U.S. insurance subsidiaries paid dividends of $ 2.00 billion, $ 1.17 billion and $ 2.90 billion during 2024, 2023 and 2022, respectively. </context> | us-gaap:PaymentsOfDividendsCommonStock |
The U.S. insurance subsidiaries paid dividends of $ 2.00 billion, $ 1.17 billion and $ 2.90 billion during 2024, 2023 and 2022, respectively. | text | 2.90 | monetaryItemType | text: <entity> 2.90 </entity> <entity type> monetaryItemType </entity type> <context> The U.S. insurance subsidiaries paid dividends of $ 2.00 billion, $ 1.17 billion and $ 2.90 billion during 2024, 2023 and 2022, respectively. </context> | us-gaap:PaymentsOfDividendsCommonStock |
For the years ended December 31, 2024, 2023 and 2022, TRV declared cash dividends per common share of $ 4.15 , $ 3.93 and $ 3.67 , respectively, and paid cash dividends of $ 951 million, $ 908 million and $ 875 million, respectively. | text | 4.15 | perShareItemType | text: <entity> 4.15 </entity> <entity type> perShareItemType </entity type> <context> For the years ended December 31, 2024, 2023 and 2022, TRV declared cash dividends per common share of $ 4.15 , $ 3.93 and $ 3.67 , respectively, and paid cash dividends of $ 951 million, $ 908 million and $ 875 million, respectively. </context> | us-gaap:CommonStockDividendsPerShareDeclared |
For the years ended December 31, 2024, 2023 and 2022, TRV declared cash dividends per common share of $ 4.15 , $ 3.93 and $ 3.67 , respectively, and paid cash dividends of $ 951 million, $ 908 million and $ 875 million, respectively. | text | 3.93 | perShareItemType | text: <entity> 3.93 </entity> <entity type> perShareItemType </entity type> <context> For the years ended December 31, 2024, 2023 and 2022, TRV declared cash dividends per common share of $ 4.15 , $ 3.93 and $ 3.67 , respectively, and paid cash dividends of $ 951 million, $ 908 million and $ 875 million, respectively. </context> | us-gaap:CommonStockDividendsPerShareDeclared |
For the years ended December 31, 2024, 2023 and 2022, TRV declared cash dividends per common share of $ 4.15 , $ 3.93 and $ 3.67 , respectively, and paid cash dividends of $ 951 million, $ 908 million and $ 875 million, respectively. | text | 3.67 | perShareItemType | text: <entity> 3.67 </entity> <entity type> perShareItemType </entity type> <context> For the years ended December 31, 2024, 2023 and 2022, TRV declared cash dividends per common share of $ 4.15 , $ 3.93 and $ 3.67 , respectively, and paid cash dividends of $ 951 million, $ 908 million and $ 875 million, respectively. </context> | us-gaap:CommonStockDividendsPerShareDeclared |
For the years ended December 31, 2024, 2023 and 2022, TRV declared cash dividends per common share of $ 4.15 , $ 3.93 and $ 3.67 , respectively, and paid cash dividends of $ 951 million, $ 908 million and $ 875 million, respectively. | text | 951 | monetaryItemType | text: <entity> 951 </entity> <entity type> monetaryItemType </entity type> <context> For the years ended December 31, 2024, 2023 and 2022, TRV declared cash dividends per common share of $ 4.15 , $ 3.93 and $ 3.67 , respectively, and paid cash dividends of $ 951 million, $ 908 million and $ 875 million, respectively. </context> | us-gaap:PaymentsOfDividendsCommonStock |
For the years ended December 31, 2024, 2023 and 2022, TRV declared cash dividends per common share of $ 4.15 , $ 3.93 and $ 3.67 , respectively, and paid cash dividends of $ 951 million, $ 908 million and $ 875 million, respectively. | text | 908 | monetaryItemType | text: <entity> 908 </entity> <entity type> monetaryItemType </entity type> <context> For the years ended December 31, 2024, 2023 and 2022, TRV declared cash dividends per common share of $ 4.15 , $ 3.93 and $ 3.67 , respectively, and paid cash dividends of $ 951 million, $ 908 million and $ 875 million, respectively. </context> | us-gaap:PaymentsOfDividendsCommonStock |
For the years ended December 31, 2024, 2023 and 2022, TRV declared cash dividends per common share of $ 4.15 , $ 3.93 and $ 3.67 , respectively, and paid cash dividends of $ 951 million, $ 908 million and $ 875 million, respectively. | text | 875 | monetaryItemType | text: <entity> 875 </entity> <entity type> monetaryItemType </entity type> <context> For the years ended December 31, 2024, 2023 and 2022, TRV declared cash dividends per common share of $ 4.15 , $ 3.93 and $ 3.67 , respectively, and paid cash dividends of $ 951 million, $ 908 million and $ 875 million, respectively. </context> | us-gaap:PaymentsOfDividendsCommonStock |
Statutory net income of the Company’s domestic and international insurance subsidiaries was $ 4.74 billion, $ 2.85 billion and $ 2.62 billion for the years ended December 31, 2024, 2023 and 2022, respectively. Statutory capital and surplus of the Company’s domestic and international insurance subsidiaries was $ 27.72 billion and $ 25.11 billion at December 31, 2024 and 2023, respectively. | text | 4.74 | monetaryItemType | text: <entity> 4.74 </entity> <entity type> monetaryItemType </entity type> <context> Statutory net income of the Company’s domestic and international insurance subsidiaries was $ 4.74 billion, $ 2.85 billion and $ 2.62 billion for the years ended December 31, 2024, 2023 and 2022, respectively. Statutory capital and surplus of the Company’s domestic and international insurance subsidiaries was $ 27.72 billion and $ 25.11 billion at December 31, 2024 and 2023, respectively. </context> | us-gaap:StatutoryAccountingPracticesStatutoryNetIncomeAmount |
Statutory net income of the Company’s domestic and international insurance subsidiaries was $ 4.74 billion, $ 2.85 billion and $ 2.62 billion for the years ended December 31, 2024, 2023 and 2022, respectively. Statutory capital and surplus of the Company’s domestic and international insurance subsidiaries was $ 27.72 billion and $ 25.11 billion at December 31, 2024 and 2023, respectively. | text | 2.85 | monetaryItemType | text: <entity> 2.85 </entity> <entity type> monetaryItemType </entity type> <context> Statutory net income of the Company’s domestic and international insurance subsidiaries was $ 4.74 billion, $ 2.85 billion and $ 2.62 billion for the years ended December 31, 2024, 2023 and 2022, respectively. Statutory capital and surplus of the Company’s domestic and international insurance subsidiaries was $ 27.72 billion and $ 25.11 billion at December 31, 2024 and 2023, respectively. </context> | us-gaap:StatutoryAccountingPracticesStatutoryNetIncomeAmount |
Statutory net income of the Company’s domestic and international insurance subsidiaries was $ 4.74 billion, $ 2.85 billion and $ 2.62 billion for the years ended December 31, 2024, 2023 and 2022, respectively. Statutory capital and surplus of the Company’s domestic and international insurance subsidiaries was $ 27.72 billion and $ 25.11 billion at December 31, 2024 and 2023, respectively. | text | 2.62 | monetaryItemType | text: <entity> 2.62 </entity> <entity type> monetaryItemType </entity type> <context> Statutory net income of the Company’s domestic and international insurance subsidiaries was $ 4.74 billion, $ 2.85 billion and $ 2.62 billion for the years ended December 31, 2024, 2023 and 2022, respectively. Statutory capital and surplus of the Company’s domestic and international insurance subsidiaries was $ 27.72 billion and $ 25.11 billion at December 31, 2024 and 2023, respectively. </context> | us-gaap:StatutoryAccountingPracticesStatutoryNetIncomeAmount |
Statutory net income of the Company’s domestic and international insurance subsidiaries was $ 4.74 billion, $ 2.85 billion and $ 2.62 billion for the years ended December 31, 2024, 2023 and 2022, respectively. Statutory capital and surplus of the Company’s domestic and international insurance subsidiaries was $ 27.72 billion and $ 25.11 billion at December 31, 2024 and 2023, respectively. | text | 27.72 | monetaryItemType | text: <entity> 27.72 </entity> <entity type> monetaryItemType </entity type> <context> Statutory net income of the Company’s domestic and international insurance subsidiaries was $ 4.74 billion, $ 2.85 billion and $ 2.62 billion for the years ended December 31, 2024, 2023 and 2022, respectively. Statutory capital and surplus of the Company’s domestic and international insurance subsidiaries was $ 27.72 billion and $ 25.11 billion at December 31, 2024 and 2023, respectively. </context> | us-gaap:StatutoryAccountingPracticesStatutoryCapitalAndSurplusBalance |
Statutory net income of the Company’s domestic and international insurance subsidiaries was $ 4.74 billion, $ 2.85 billion and $ 2.62 billion for the years ended December 31, 2024, 2023 and 2022, respectively. Statutory capital and surplus of the Company’s domestic and international insurance subsidiaries was $ 27.72 billion and $ 25.11 billion at December 31, 2024 and 2023, respectively. | text | 25.11 | monetaryItemType | text: <entity> 25.11 </entity> <entity type> monetaryItemType </entity type> <context> Statutory net income of the Company’s domestic and international insurance subsidiaries was $ 4.74 billion, $ 2.85 billion and $ 2.62 billion for the years ended December 31, 2024, 2023 and 2022, respectively. Statutory capital and surplus of the Company’s domestic and international insurance subsidiaries was $ 27.72 billion and $ 25.11 billion at December 31, 2024 and 2023, respectively. </context> | us-gaap:StatutoryAccountingPracticesStatutoryCapitalAndSurplusBalance |
The Company recognized a one-time tax benefit of $ 211 million in the first quarter of 2023 due to the expiration of the statute | text | 211 | monetaryItemType | text: <entity> 211 </entity> <entity type> monetaryItemType </entity type> <context> The Company recognized a one-time tax benefit of $ 211 million in the first quarter of 2023 due to the expiration of the statute </context> | us-gaap:TaxAdjustmentsSettlementsAndUnusualProvisions |
The Company paid income taxes of $ 1.31 billion, $ 201 million and $ 817 million during the years ended December 31, 2024, 2023 and 2022, respectively. The current income tax payable of $ 301 million and $ 285 million at December 31, 2024 and 2023, respectively, was included in other liabilities in the consolidated balance sheet. | text | 1.31 | monetaryItemType | text: <entity> 1.31 </entity> <entity type> monetaryItemType </entity type> <context> The Company paid income taxes of $ 1.31 billion, $ 201 million and $ 817 million during the years ended December 31, 2024, 2023 and 2022, respectively. The current income tax payable of $ 301 million and $ 285 million at December 31, 2024 and 2023, respectively, was included in other liabilities in the consolidated balance sheet. </context> | us-gaap:IncomeTaxesPaidNet |
The Company paid income taxes of $ 1.31 billion, $ 201 million and $ 817 million during the years ended December 31, 2024, 2023 and 2022, respectively. The current income tax payable of $ 301 million and $ 285 million at December 31, 2024 and 2023, respectively, was included in other liabilities in the consolidated balance sheet. | text | 201 | monetaryItemType | text: <entity> 201 </entity> <entity type> monetaryItemType </entity type> <context> The Company paid income taxes of $ 1.31 billion, $ 201 million and $ 817 million during the years ended December 31, 2024, 2023 and 2022, respectively. The current income tax payable of $ 301 million and $ 285 million at December 31, 2024 and 2023, respectively, was included in other liabilities in the consolidated balance sheet. </context> | us-gaap:IncomeTaxesPaidNet |
The Company paid income taxes of $ 1.31 billion, $ 201 million and $ 817 million during the years ended December 31, 2024, 2023 and 2022, respectively. The current income tax payable of $ 301 million and $ 285 million at December 31, 2024 and 2023, respectively, was included in other liabilities in the consolidated balance sheet. | text | 817 | monetaryItemType | text: <entity> 817 </entity> <entity type> monetaryItemType </entity type> <context> The Company paid income taxes of $ 1.31 billion, $ 201 million and $ 817 million during the years ended December 31, 2024, 2023 and 2022, respectively. The current income tax payable of $ 301 million and $ 285 million at December 31, 2024 and 2023, respectively, was included in other liabilities in the consolidated balance sheet. </context> | us-gaap:IncomeTaxesPaidNet |
The Company paid income taxes of $ 1.31 billion, $ 201 million and $ 817 million during the years ended December 31, 2024, 2023 and 2022, respectively. The current income tax payable of $ 301 million and $ 285 million at December 31, 2024 and 2023, respectively, was included in other liabilities in the consolidated balance sheet. | text | 301 | monetaryItemType | text: <entity> 301 </entity> <entity type> monetaryItemType </entity type> <context> The Company paid income taxes of $ 1.31 billion, $ 201 million and $ 817 million during the years ended December 31, 2024, 2023 and 2022, respectively. The current income tax payable of $ 301 million and $ 285 million at December 31, 2024 and 2023, respectively, was included in other liabilities in the consolidated balance sheet. </context> | us-gaap:AccruedIncomeTaxesCurrent |
The Company paid income taxes of $ 1.31 billion, $ 201 million and $ 817 million during the years ended December 31, 2024, 2023 and 2022, respectively. The current income tax payable of $ 301 million and $ 285 million at December 31, 2024 and 2023, respectively, was included in other liabilities in the consolidated balance sheet. | text | 285 | monetaryItemType | text: <entity> 285 </entity> <entity type> monetaryItemType </entity type> <context> The Company paid income taxes of $ 1.31 billion, $ 201 million and $ 817 million during the years ended December 31, 2024, 2023 and 2022, respectively. The current income tax payable of $ 301 million and $ 285 million at December 31, 2024 and 2023, respectively, was included in other liabilities in the consolidated balance sheet. </context> | us-gaap:AccruedIncomeTaxesCurrent |
If the Company determines that any of its deferred tax assets will not result in future tax benefits, a valuation allowance must be established for the portion of these assets that are not expected to be realized. The net change in the valuation allowance for deferred tax assets was an increase of $ 3 million in 2024, driven by an increase in the Company’s Canadian subsidiary. Based upon a review of the Company’s anticipated future taxable income, and also including all other available evidence, both positive and negative, the Company’s management concluded that it is more likely than not that the net deferred tax assets will be realized. | text | 3 | monetaryItemType | text: <entity> 3 </entity> <entity type> monetaryItemType </entity type> <context> If the Company determines that any of its deferred tax assets will not result in future tax benefits, a valuation allowance must be established for the portion of these assets that are not expected to be realized. The net change in the valuation allowance for deferred tax assets was an increase of $ 3 million in 2024, driven by an increase in the Company’s Canadian subsidiary. Based upon a review of the Company’s anticipated future taxable income, and also including all other available evidence, both positive and negative, the Company’s management concluded that it is more likely than not that the net deferred tax assets will be realized. </context> | us-gaap:ValuationAllowanceDeferredTaxAssetChangeInAmount |
Included in the balances at December 31, 2024 and 2023 were $ 17 million and $ 12 million, respectively, of unrecognized tax benefits that, if recognized, would affect the annual effective tax rate. Also included in the balances at those dates were $ 0 million and $ 2 million, respectively, of tax positions for which the ultimate deductibility is certain, but for which there is uncertainty about the timing of deductibility. The timing of such deductibility could affect the annual effective tax rate depending on the year of deduction and tax rate at the time. | text | 17 | monetaryItemType | text: <entity> 17 </entity> <entity type> monetaryItemType </entity type> <context> Included in the balances at December 31, 2024 and 2023 were $ 17 million and $ 12 million, respectively, of unrecognized tax benefits that, if recognized, would affect the annual effective tax rate. Also included in the balances at those dates were $ 0 million and $ 2 million, respectively, of tax positions for which the ultimate deductibility is certain, but for which there is uncertainty about the timing of deductibility. The timing of such deductibility could affect the annual effective tax rate depending on the year of deduction and tax rate at the time. </context> | us-gaap:UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate |
Included in the balances at December 31, 2024 and 2023 were $ 17 million and $ 12 million, respectively, of unrecognized tax benefits that, if recognized, would affect the annual effective tax rate. Also included in the balances at those dates were $ 0 million and $ 2 million, respectively, of tax positions for which the ultimate deductibility is certain, but for which there is uncertainty about the timing of deductibility. The timing of such deductibility could affect the annual effective tax rate depending on the year of deduction and tax rate at the time. | text | 12 | monetaryItemType | text: <entity> 12 </entity> <entity type> monetaryItemType </entity type> <context> Included in the balances at December 31, 2024 and 2023 were $ 17 million and $ 12 million, respectively, of unrecognized tax benefits that, if recognized, would affect the annual effective tax rate. Also included in the balances at those dates were $ 0 million and $ 2 million, respectively, of tax positions for which the ultimate deductibility is certain, but for which there is uncertainty about the timing of deductibility. The timing of such deductibility could affect the annual effective tax rate depending on the year of deduction and tax rate at the time. </context> | us-gaap:UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate |
The Company recognizes accrued interest and penalties, if any, related to unrecognized tax benefits in income taxes. During the years ended December 31, 2024, 2023 and 2022, the Company recognized approximately $ 5 million, $ 3 million and $( 13 ) million in interest, respectively. The Company had approximately $ 11 million and $ 6 million accrued for the payment of interest at December 31, 2024 and 2023, respectively. | text | 5 | monetaryItemType | text: <entity> 5 </entity> <entity type> monetaryItemType </entity type> <context> The Company recognizes accrued interest and penalties, if any, related to unrecognized tax benefits in income taxes. During the years ended December 31, 2024, 2023 and 2022, the Company recognized approximately $ 5 million, $ 3 million and $( 13 ) million in interest, respectively. The Company had approximately $ 11 million and $ 6 million accrued for the payment of interest at December 31, 2024 and 2023, respectively. </context> | us-gaap:UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense |
The Company recognizes accrued interest and penalties, if any, related to unrecognized tax benefits in income taxes. During the years ended December 31, 2024, 2023 and 2022, the Company recognized approximately $ 5 million, $ 3 million and $( 13 ) million in interest, respectively. The Company had approximately $ 11 million and $ 6 million accrued for the payment of interest at December 31, 2024 and 2023, respectively. | text | 3 | monetaryItemType | text: <entity> 3 </entity> <entity type> monetaryItemType </entity type> <context> The Company recognizes accrued interest and penalties, if any, related to unrecognized tax benefits in income taxes. During the years ended December 31, 2024, 2023 and 2022, the Company recognized approximately $ 5 million, $ 3 million and $( 13 ) million in interest, respectively. The Company had approximately $ 11 million and $ 6 million accrued for the payment of interest at December 31, 2024 and 2023, respectively. </context> | us-gaap:UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense |
The Company recognizes accrued interest and penalties, if any, related to unrecognized tax benefits in income taxes. During the years ended December 31, 2024, 2023 and 2022, the Company recognized approximately $ 5 million, $ 3 million and $( 13 ) million in interest, respectively. The Company had approximately $ 11 million and $ 6 million accrued for the payment of interest at December 31, 2024 and 2023, respectively. | text | 11 | monetaryItemType | text: <entity> 11 </entity> <entity type> monetaryItemType </entity type> <context> The Company recognizes accrued interest and penalties, if any, related to unrecognized tax benefits in income taxes. During the years ended December 31, 2024, 2023 and 2022, the Company recognized approximately $ 5 million, $ 3 million and $( 13 ) million in interest, respectively. The Company had approximately $ 11 million and $ 6 million accrued for the payment of interest at December 31, 2024 and 2023, respectively. </context> | us-gaap:UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued |
The Company recognizes accrued interest and penalties, if any, related to unrecognized tax benefits in income taxes. During the years ended December 31, 2024, 2023 and 2022, the Company recognized approximately $ 5 million, $ 3 million and $( 13 ) million in interest, respectively. The Company had approximately $ 11 million and $ 6 million accrued for the payment of interest at December 31, 2024 and 2023, respectively. | text | 6 | monetaryItemType | text: <entity> 6 </entity> <entity type> monetaryItemType </entity type> <context> The Company recognizes accrued interest and penalties, if any, related to unrecognized tax benefits in income taxes. During the years ended December 31, 2024, 2023 and 2022, the Company recognized approximately $ 5 million, $ 3 million and $( 13 ) million in interest, respectively. The Company had approximately $ 11 million and $ 6 million accrued for the payment of interest at December 31, 2024 and 2023, respectively. </context> | us-gaap:UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued |
The number of shares of the Company’s common stock initially authorized for grant under the 2023 Incentive Plan was 5,789,184 shares. The following are not counted towards the combined 5,789,184 shares available and will be available for future grants under the 2023 Incentive Plan: (i) shares of common stock subject to awards that expire unexercised, that are forfeited, terminated or canceled, that are settled in cash or other forms of property, or otherwise do not result in the issuance of shares of common stock, in whole or in part; (ii) shares that are used to pay the exercise price of stock options and shares used to pay withholding taxes on awards generally; and (iii) shares purchased by the Company on the open market using cash option exercise proceeds; provided, however, that the increase in the number of shares of common stock available for grant pursuant to such market purchases shall not be greater than the number that could be repurchased at fair market value on the date of exercise of the stock option giving rise to such option proceeds. In addition, the 5,789,184 shares authorized by shareholders for issuance under the 2023 Incentive Plan will be increased by any shares subject to awards under the 2014 Incentive Plan that were outstanding as of May 24, 2023 and subsequently expire, are forfeited, canceled, settled in cash or otherwise terminate without the issuance of shares. | text | 5789184 | sharesItemType | text: <entity> 5789184 </entity> <entity type> sharesItemType </entity type> <context> The number of shares of the Company’s common stock initially authorized for grant under the 2023 Incentive Plan was 5,789,184 shares. The following are not counted towards the combined 5,789,184 shares available and will be available for future grants under the 2023 Incentive Plan: (i) shares of common stock subject to awards that expire unexercised, that are forfeited, terminated or canceled, that are settled in cash or other forms of property, or otherwise do not result in the issuance of shares of common stock, in whole or in part; (ii) shares that are used to pay the exercise price of stock options and shares used to pay withholding taxes on awards generally; and (iii) shares purchased by the Company on the open market using cash option exercise proceeds; provided, however, that the increase in the number of shares of common stock available for grant pursuant to such market purchases shall not be greater than the number that could be repurchased at fair market value on the date of exercise of the stock option giving rise to such option proceeds. In addition, the 5,789,184 shares authorized by shareholders for issuance under the 2023 Incentive Plan will be increased by any shares subject to awards under the 2014 Incentive Plan that were outstanding as of May 24, 2023 and subsequently expire, are forfeited, canceled, settled in cash or otherwise terminate without the issuance of shares. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized |
Subsequent to the balance sheet date, on February 4, 2025, the Company granted 648,808 stock option awards under the 2023 Incentive Plan with an exercise price of $ 244.06 per share. The fair value attributable to the stock option awards on the date of grant was $ 68.92 per share. | text | 648808 | sharesItemType | text: <entity> 648808 </entity> <entity type> sharesItemType </entity type> <context> Subsequent to the balance sheet date, on February 4, 2025, the Company granted 648,808 stock option awards under the 2023 Incentive Plan with an exercise price of $ 244.06 per share. The fair value attributable to the stock option awards on the date of grant was $ 68.92 per share. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross |
Subsequent to the balance sheet date, on February 4, 2025, the Company granted 648,808 stock option awards under the 2023 Incentive Plan with an exercise price of $ 244.06 per share. The fair value attributable to the stock option awards on the date of grant was $ 68.92 per share. | text | 244.06 | perShareItemType | text: <entity> 244.06 </entity> <entity type> perShareItemType </entity type> <context> Subsequent to the balance sheet date, on February 4, 2025, the Company granted 648,808 stock option awards under the 2023 Incentive Plan with an exercise price of $ 244.06 per share. The fair value attributable to the stock option awards on the date of grant was $ 68.92 per share. </context> | us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice |
Subsequent to the balance sheet date, on February 4, 2025, the Company granted 648,808 stock option awards under the 2023 Incentive Plan with an exercise price of $ 244.06 per share. The fair value attributable to the stock option awards on the date of grant was $ 68.92 per share. | text | 68.92 | perShareItemType | text: <entity> 68.92 </entity> <entity type> perShareItemType </entity type> <context> Subsequent to the balance sheet date, on February 4, 2025, the Company granted 648,808 stock option awards under the 2023 Incentive Plan with an exercise price of $ 244.06 per share. The fair value attributable to the stock option awards on the date of grant was $ 68.92 per share. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue |
The total fair value of shares that vested during the years ended December 31, 2024, 2023 and 2022 was $ 253 million, $ 164 million and $ 159 million, respectively. | text | 253 | monetaryItemType | text: <entity> 253 </entity> <entity type> monetaryItemType </entity type> <context> The total fair value of shares that vested during the years ended December 31, 2024, 2023 and 2022 was $ 253 million, $ 164 million and $ 159 million, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
The total fair value of shares that vested during the years ended December 31, 2024, 2023 and 2022 was $ 253 million, $ 164 million and $ 159 million, respectively. | text | 164 | monetaryItemType | text: <entity> 164 </entity> <entity type> monetaryItemType </entity type> <context> The total fair value of shares that vested during the years ended December 31, 2024, 2023 and 2022 was $ 253 million, $ 164 million and $ 159 million, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
The total fair value of shares that vested during the years ended December 31, 2024, 2023 and 2022 was $ 253 million, $ 164 million and $ 159 million, respectively. | text | 159 | monetaryItemType | text: <entity> 159 </entity> <entity type> monetaryItemType </entity type> <context> The total fair value of shares that vested during the years ended December 31, 2024, 2023 and 2022 was $ 253 million, $ 164 million and $ 159 million, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
The amount of compensation cost for awards subject to a service condition is based on the number of shares expected to be issued and is recognized over the time period for which service is to be provided (requisite service period), generally the vesting period. Awards granted to retiree-eligible employees or to employees who become retiree-eligible before an award’s vesting date are considered to have met the requisite service condition if the vesting terms are accelerated upon retirement. The compensation cost for awards subject to a performance condition is based upon the probable outcome of the performance condition, which on the grant date reflects an estimate of attaining 100 % of the performance shares granted. The compensation cost reflects an estimated annual forfeiture rate from 1.5 % to 3.5 % over the requisite service period of the awards. That estimate is revised if subsequent information indicates that the actual number of instruments expected to vest is likely to differ from previous estimates. Compensation costs for awards are recognized on a straight-line basis over the requisite service period. For awards that have graded vesting terms, the compensation cost is recognized on a straight-line basis over the requisite service period for each separate vesting portion of the award as if the award was, in substance, multiple awards. The total compensation cost for all share-based incentive compensation awards recognized in earnings for the years ended December 31, 2024, 2023 and 2022 was $ 260 million, $ 214 million and $ 183 million, respectively. Included in these amounts are compensation cost adjustments of $ 68 million, $ 39 million and $ 23 million, for the years ended December 31, 2024, 2023 and 2022, respectively, that reflected the cost associated with the updated estimate of performance shares due to attaining certain performance levels from the date of the initial grant of the performance awards. The related tax benefits recognized in earnings were $ 43 million, $ 36 million and $ 31 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 260 | monetaryItemType | text: <entity> 260 </entity> <entity type> monetaryItemType </entity type> <context> The amount of compensation cost for awards subject to a service condition is based on the number of shares expected to be issued and is recognized over the time period for which service is to be provided (requisite service period), generally the vesting period. Awards granted to retiree-eligible employees or to employees who become retiree-eligible before an award’s vesting date are considered to have met the requisite service condition if the vesting terms are accelerated upon retirement. The compensation cost for awards subject to a performance condition is based upon the probable outcome of the performance condition, which on the grant date reflects an estimate of attaining 100 % of the performance shares granted. The compensation cost reflects an estimated annual forfeiture rate from 1.5 % to 3.5 % over the requisite service period of the awards. That estimate is revised if subsequent information indicates that the actual number of instruments expected to vest is likely to differ from previous estimates. Compensation costs for awards are recognized on a straight-line basis over the requisite service period. For awards that have graded vesting terms, the compensation cost is recognized on a straight-line basis over the requisite service period for each separate vesting portion of the award as if the award was, in substance, multiple awards. The total compensation cost for all share-based incentive compensation awards recognized in earnings for the years ended December 31, 2024, 2023 and 2022 was $ 260 million, $ 214 million and $ 183 million, respectively. Included in these amounts are compensation cost adjustments of $ 68 million, $ 39 million and $ 23 million, for the years ended December 31, 2024, 2023 and 2022, respectively, that reflected the cost associated with the updated estimate of performance shares due to attaining certain performance levels from the date of the initial grant of the performance awards. The related tax benefits recognized in earnings were $ 43 million, $ 36 million and $ 31 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:AllocatedShareBasedCompensationExpense |
The amount of compensation cost for awards subject to a service condition is based on the number of shares expected to be issued and is recognized over the time period for which service is to be provided (requisite service period), generally the vesting period. Awards granted to retiree-eligible employees or to employees who become retiree-eligible before an award’s vesting date are considered to have met the requisite service condition if the vesting terms are accelerated upon retirement. The compensation cost for awards subject to a performance condition is based upon the probable outcome of the performance condition, which on the grant date reflects an estimate of attaining 100 % of the performance shares granted. The compensation cost reflects an estimated annual forfeiture rate from 1.5 % to 3.5 % over the requisite service period of the awards. That estimate is revised if subsequent information indicates that the actual number of instruments expected to vest is likely to differ from previous estimates. Compensation costs for awards are recognized on a straight-line basis over the requisite service period. For awards that have graded vesting terms, the compensation cost is recognized on a straight-line basis over the requisite service period for each separate vesting portion of the award as if the award was, in substance, multiple awards. The total compensation cost for all share-based incentive compensation awards recognized in earnings for the years ended December 31, 2024, 2023 and 2022 was $ 260 million, $ 214 million and $ 183 million, respectively. Included in these amounts are compensation cost adjustments of $ 68 million, $ 39 million and $ 23 million, for the years ended December 31, 2024, 2023 and 2022, respectively, that reflected the cost associated with the updated estimate of performance shares due to attaining certain performance levels from the date of the initial grant of the performance awards. The related tax benefits recognized in earnings were $ 43 million, $ 36 million and $ 31 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 214 | monetaryItemType | text: <entity> 214 </entity> <entity type> monetaryItemType </entity type> <context> The amount of compensation cost for awards subject to a service condition is based on the number of shares expected to be issued and is recognized over the time period for which service is to be provided (requisite service period), generally the vesting period. Awards granted to retiree-eligible employees or to employees who become retiree-eligible before an award’s vesting date are considered to have met the requisite service condition if the vesting terms are accelerated upon retirement. The compensation cost for awards subject to a performance condition is based upon the probable outcome of the performance condition, which on the grant date reflects an estimate of attaining 100 % of the performance shares granted. The compensation cost reflects an estimated annual forfeiture rate from 1.5 % to 3.5 % over the requisite service period of the awards. That estimate is revised if subsequent information indicates that the actual number of instruments expected to vest is likely to differ from previous estimates. Compensation costs for awards are recognized on a straight-line basis over the requisite service period. For awards that have graded vesting terms, the compensation cost is recognized on a straight-line basis over the requisite service period for each separate vesting portion of the award as if the award was, in substance, multiple awards. The total compensation cost for all share-based incentive compensation awards recognized in earnings for the years ended December 31, 2024, 2023 and 2022 was $ 260 million, $ 214 million and $ 183 million, respectively. Included in these amounts are compensation cost adjustments of $ 68 million, $ 39 million and $ 23 million, for the years ended December 31, 2024, 2023 and 2022, respectively, that reflected the cost associated with the updated estimate of performance shares due to attaining certain performance levels from the date of the initial grant of the performance awards. The related tax benefits recognized in earnings were $ 43 million, $ 36 million and $ 31 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:AllocatedShareBasedCompensationExpense |
The amount of compensation cost for awards subject to a service condition is based on the number of shares expected to be issued and is recognized over the time period for which service is to be provided (requisite service period), generally the vesting period. Awards granted to retiree-eligible employees or to employees who become retiree-eligible before an award’s vesting date are considered to have met the requisite service condition if the vesting terms are accelerated upon retirement. The compensation cost for awards subject to a performance condition is based upon the probable outcome of the performance condition, which on the grant date reflects an estimate of attaining 100 % of the performance shares granted. The compensation cost reflects an estimated annual forfeiture rate from 1.5 % to 3.5 % over the requisite service period of the awards. That estimate is revised if subsequent information indicates that the actual number of instruments expected to vest is likely to differ from previous estimates. Compensation costs for awards are recognized on a straight-line basis over the requisite service period. For awards that have graded vesting terms, the compensation cost is recognized on a straight-line basis over the requisite service period for each separate vesting portion of the award as if the award was, in substance, multiple awards. The total compensation cost for all share-based incentive compensation awards recognized in earnings for the years ended December 31, 2024, 2023 and 2022 was $ 260 million, $ 214 million and $ 183 million, respectively. Included in these amounts are compensation cost adjustments of $ 68 million, $ 39 million and $ 23 million, for the years ended December 31, 2024, 2023 and 2022, respectively, that reflected the cost associated with the updated estimate of performance shares due to attaining certain performance levels from the date of the initial grant of the performance awards. The related tax benefits recognized in earnings were $ 43 million, $ 36 million and $ 31 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 183 | monetaryItemType | text: <entity> 183 </entity> <entity type> monetaryItemType </entity type> <context> The amount of compensation cost for awards subject to a service condition is based on the number of shares expected to be issued and is recognized over the time period for which service is to be provided (requisite service period), generally the vesting period. Awards granted to retiree-eligible employees or to employees who become retiree-eligible before an award’s vesting date are considered to have met the requisite service condition if the vesting terms are accelerated upon retirement. The compensation cost for awards subject to a performance condition is based upon the probable outcome of the performance condition, which on the grant date reflects an estimate of attaining 100 % of the performance shares granted. The compensation cost reflects an estimated annual forfeiture rate from 1.5 % to 3.5 % over the requisite service period of the awards. That estimate is revised if subsequent information indicates that the actual number of instruments expected to vest is likely to differ from previous estimates. Compensation costs for awards are recognized on a straight-line basis over the requisite service period. For awards that have graded vesting terms, the compensation cost is recognized on a straight-line basis over the requisite service period for each separate vesting portion of the award as if the award was, in substance, multiple awards. The total compensation cost for all share-based incentive compensation awards recognized in earnings for the years ended December 31, 2024, 2023 and 2022 was $ 260 million, $ 214 million and $ 183 million, respectively. Included in these amounts are compensation cost adjustments of $ 68 million, $ 39 million and $ 23 million, for the years ended December 31, 2024, 2023 and 2022, respectively, that reflected the cost associated with the updated estimate of performance shares due to attaining certain performance levels from the date of the initial grant of the performance awards. The related tax benefits recognized in earnings were $ 43 million, $ 36 million and $ 31 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:AllocatedShareBasedCompensationExpense |
The amount of compensation cost for awards subject to a service condition is based on the number of shares expected to be issued and is recognized over the time period for which service is to be provided (requisite service period), generally the vesting period. Awards granted to retiree-eligible employees or to employees who become retiree-eligible before an award’s vesting date are considered to have met the requisite service condition if the vesting terms are accelerated upon retirement. The compensation cost for awards subject to a performance condition is based upon the probable outcome of the performance condition, which on the grant date reflects an estimate of attaining 100 % of the performance shares granted. The compensation cost reflects an estimated annual forfeiture rate from 1.5 % to 3.5 % over the requisite service period of the awards. That estimate is revised if subsequent information indicates that the actual number of instruments expected to vest is likely to differ from previous estimates. Compensation costs for awards are recognized on a straight-line basis over the requisite service period. For awards that have graded vesting terms, the compensation cost is recognized on a straight-line basis over the requisite service period for each separate vesting portion of the award as if the award was, in substance, multiple awards. The total compensation cost for all share-based incentive compensation awards recognized in earnings for the years ended December 31, 2024, 2023 and 2022 was $ 260 million, $ 214 million and $ 183 million, respectively. Included in these amounts are compensation cost adjustments of $ 68 million, $ 39 million and $ 23 million, for the years ended December 31, 2024, 2023 and 2022, respectively, that reflected the cost associated with the updated estimate of performance shares due to attaining certain performance levels from the date of the initial grant of the performance awards. The related tax benefits recognized in earnings were $ 43 million, $ 36 million and $ 31 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 43 | monetaryItemType | text: <entity> 43 </entity> <entity type> monetaryItemType </entity type> <context> The amount of compensation cost for awards subject to a service condition is based on the number of shares expected to be issued and is recognized over the time period for which service is to be provided (requisite service period), generally the vesting period. Awards granted to retiree-eligible employees or to employees who become retiree-eligible before an award’s vesting date are considered to have met the requisite service condition if the vesting terms are accelerated upon retirement. The compensation cost for awards subject to a performance condition is based upon the probable outcome of the performance condition, which on the grant date reflects an estimate of attaining 100 % of the performance shares granted. The compensation cost reflects an estimated annual forfeiture rate from 1.5 % to 3.5 % over the requisite service period of the awards. That estimate is revised if subsequent information indicates that the actual number of instruments expected to vest is likely to differ from previous estimates. Compensation costs for awards are recognized on a straight-line basis over the requisite service period. For awards that have graded vesting terms, the compensation cost is recognized on a straight-line basis over the requisite service period for each separate vesting portion of the award as if the award was, in substance, multiple awards. The total compensation cost for all share-based incentive compensation awards recognized in earnings for the years ended December 31, 2024, 2023 and 2022 was $ 260 million, $ 214 million and $ 183 million, respectively. Included in these amounts are compensation cost adjustments of $ 68 million, $ 39 million and $ 23 million, for the years ended December 31, 2024, 2023 and 2022, respectively, that reflected the cost associated with the updated estimate of performance shares due to attaining certain performance levels from the date of the initial grant of the performance awards. The related tax benefits recognized in earnings were $ 43 million, $ 36 million and $ 31 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense |
The amount of compensation cost for awards subject to a service condition is based on the number of shares expected to be issued and is recognized over the time period for which service is to be provided (requisite service period), generally the vesting period. Awards granted to retiree-eligible employees or to employees who become retiree-eligible before an award’s vesting date are considered to have met the requisite service condition if the vesting terms are accelerated upon retirement. The compensation cost for awards subject to a performance condition is based upon the probable outcome of the performance condition, which on the grant date reflects an estimate of attaining 100 % of the performance shares granted. The compensation cost reflects an estimated annual forfeiture rate from 1.5 % to 3.5 % over the requisite service period of the awards. That estimate is revised if subsequent information indicates that the actual number of instruments expected to vest is likely to differ from previous estimates. Compensation costs for awards are recognized on a straight-line basis over the requisite service period. For awards that have graded vesting terms, the compensation cost is recognized on a straight-line basis over the requisite service period for each separate vesting portion of the award as if the award was, in substance, multiple awards. The total compensation cost for all share-based incentive compensation awards recognized in earnings for the years ended December 31, 2024, 2023 and 2022 was $ 260 million, $ 214 million and $ 183 million, respectively. Included in these amounts are compensation cost adjustments of $ 68 million, $ 39 million and $ 23 million, for the years ended December 31, 2024, 2023 and 2022, respectively, that reflected the cost associated with the updated estimate of performance shares due to attaining certain performance levels from the date of the initial grant of the performance awards. The related tax benefits recognized in earnings were $ 43 million, $ 36 million and $ 31 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 36 | monetaryItemType | text: <entity> 36 </entity> <entity type> monetaryItemType </entity type> <context> The amount of compensation cost for awards subject to a service condition is based on the number of shares expected to be issued and is recognized over the time period for which service is to be provided (requisite service period), generally the vesting period. Awards granted to retiree-eligible employees or to employees who become retiree-eligible before an award’s vesting date are considered to have met the requisite service condition if the vesting terms are accelerated upon retirement. The compensation cost for awards subject to a performance condition is based upon the probable outcome of the performance condition, which on the grant date reflects an estimate of attaining 100 % of the performance shares granted. The compensation cost reflects an estimated annual forfeiture rate from 1.5 % to 3.5 % over the requisite service period of the awards. That estimate is revised if subsequent information indicates that the actual number of instruments expected to vest is likely to differ from previous estimates. Compensation costs for awards are recognized on a straight-line basis over the requisite service period. For awards that have graded vesting terms, the compensation cost is recognized on a straight-line basis over the requisite service period for each separate vesting portion of the award as if the award was, in substance, multiple awards. The total compensation cost for all share-based incentive compensation awards recognized in earnings for the years ended December 31, 2024, 2023 and 2022 was $ 260 million, $ 214 million and $ 183 million, respectively. Included in these amounts are compensation cost adjustments of $ 68 million, $ 39 million and $ 23 million, for the years ended December 31, 2024, 2023 and 2022, respectively, that reflected the cost associated with the updated estimate of performance shares due to attaining certain performance levels from the date of the initial grant of the performance awards. The related tax benefits recognized in earnings were $ 43 million, $ 36 million and $ 31 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense |
The amount of compensation cost for awards subject to a service condition is based on the number of shares expected to be issued and is recognized over the time period for which service is to be provided (requisite service period), generally the vesting period. Awards granted to retiree-eligible employees or to employees who become retiree-eligible before an award’s vesting date are considered to have met the requisite service condition if the vesting terms are accelerated upon retirement. The compensation cost for awards subject to a performance condition is based upon the probable outcome of the performance condition, which on the grant date reflects an estimate of attaining 100 % of the performance shares granted. The compensation cost reflects an estimated annual forfeiture rate from 1.5 % to 3.5 % over the requisite service period of the awards. That estimate is revised if subsequent information indicates that the actual number of instruments expected to vest is likely to differ from previous estimates. Compensation costs for awards are recognized on a straight-line basis over the requisite service period. For awards that have graded vesting terms, the compensation cost is recognized on a straight-line basis over the requisite service period for each separate vesting portion of the award as if the award was, in substance, multiple awards. The total compensation cost for all share-based incentive compensation awards recognized in earnings for the years ended December 31, 2024, 2023 and 2022 was $ 260 million, $ 214 million and $ 183 million, respectively. Included in these amounts are compensation cost adjustments of $ 68 million, $ 39 million and $ 23 million, for the years ended December 31, 2024, 2023 and 2022, respectively, that reflected the cost associated with the updated estimate of performance shares due to attaining certain performance levels from the date of the initial grant of the performance awards. The related tax benefits recognized in earnings were $ 43 million, $ 36 million and $ 31 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 31 | monetaryItemType | text: <entity> 31 </entity> <entity type> monetaryItemType </entity type> <context> The amount of compensation cost for awards subject to a service condition is based on the number of shares expected to be issued and is recognized over the time period for which service is to be provided (requisite service period), generally the vesting period. Awards granted to retiree-eligible employees or to employees who become retiree-eligible before an award’s vesting date are considered to have met the requisite service condition if the vesting terms are accelerated upon retirement. The compensation cost for awards subject to a performance condition is based upon the probable outcome of the performance condition, which on the grant date reflects an estimate of attaining 100 % of the performance shares granted. The compensation cost reflects an estimated annual forfeiture rate from 1.5 % to 3.5 % over the requisite service period of the awards. That estimate is revised if subsequent information indicates that the actual number of instruments expected to vest is likely to differ from previous estimates. Compensation costs for awards are recognized on a straight-line basis over the requisite service period. For awards that have graded vesting terms, the compensation cost is recognized on a straight-line basis over the requisite service period for each separate vesting portion of the award as if the award was, in substance, multiple awards. The total compensation cost for all share-based incentive compensation awards recognized in earnings for the years ended December 31, 2024, 2023 and 2022 was $ 260 million, $ 214 million and $ 183 million, respectively. Included in these amounts are compensation cost adjustments of $ 68 million, $ 39 million and $ 23 million, for the years ended December 31, 2024, 2023 and 2022, respectively, that reflected the cost associated with the updated estimate of performance shares due to attaining certain performance levels from the date of the initial grant of the performance awards. The related tax benefits recognized in earnings were $ 43 million, $ 36 million and $ 31 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense |
At December 31, 2024, there was $ 248 million of total unrecognized compensation cost related to all nonvested share-based incentive compensation awards. This includes stock options, restricted and deferred stock units and performance shares granted under the 2023 Incentive Plan. The unrecognized compensation cost is expected to be recognized over a weighted-average period of 1.8 years. Cash received from the exercise of employee stock options under share-based compensation plans totaled $ 321 million, $ 141 million and $ 267 million in 2024, 2023 and 2022, respectively. The tax benefit for tax deductions from employee stock options exercised during 2024, 2023 and 2022 totaled $ 39 million, $ 11 million and $ 22 million, respectively. | text | 248 | monetaryItemType | text: <entity> 248 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, there was $ 248 million of total unrecognized compensation cost related to all nonvested share-based incentive compensation awards. This includes stock options, restricted and deferred stock units and performance shares granted under the 2023 Incentive Plan. The unrecognized compensation cost is expected to be recognized over a weighted-average period of 1.8 years. Cash received from the exercise of employee stock options under share-based compensation plans totaled $ 321 million, $ 141 million and $ 267 million in 2024, 2023 and 2022, respectively. The tax benefit for tax deductions from employee stock options exercised during 2024, 2023 and 2022 totaled $ 39 million, $ 11 million and $ 22 million, respectively. </context> | us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized |
At December 31, 2024, there was $ 248 million of total unrecognized compensation cost related to all nonvested share-based incentive compensation awards. This includes stock options, restricted and deferred stock units and performance shares granted under the 2023 Incentive Plan. The unrecognized compensation cost is expected to be recognized over a weighted-average period of 1.8 years. Cash received from the exercise of employee stock options under share-based compensation plans totaled $ 321 million, $ 141 million and $ 267 million in 2024, 2023 and 2022, respectively. The tax benefit for tax deductions from employee stock options exercised during 2024, 2023 and 2022 totaled $ 39 million, $ 11 million and $ 22 million, respectively. | text | 321 | monetaryItemType | text: <entity> 321 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, there was $ 248 million of total unrecognized compensation cost related to all nonvested share-based incentive compensation awards. This includes stock options, restricted and deferred stock units and performance shares granted under the 2023 Incentive Plan. The unrecognized compensation cost is expected to be recognized over a weighted-average period of 1.8 years. Cash received from the exercise of employee stock options under share-based compensation plans totaled $ 321 million, $ 141 million and $ 267 million in 2024, 2023 and 2022, respectively. The tax benefit for tax deductions from employee stock options exercised during 2024, 2023 and 2022 totaled $ 39 million, $ 11 million and $ 22 million, respectively. </context> | us-gaap:ProceedsFromStockOptionsExercised |
At December 31, 2024, there was $ 248 million of total unrecognized compensation cost related to all nonvested share-based incentive compensation awards. This includes stock options, restricted and deferred stock units and performance shares granted under the 2023 Incentive Plan. The unrecognized compensation cost is expected to be recognized over a weighted-average period of 1.8 years. Cash received from the exercise of employee stock options under share-based compensation plans totaled $ 321 million, $ 141 million and $ 267 million in 2024, 2023 and 2022, respectively. The tax benefit for tax deductions from employee stock options exercised during 2024, 2023 and 2022 totaled $ 39 million, $ 11 million and $ 22 million, respectively. | text | 141 | monetaryItemType | text: <entity> 141 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, there was $ 248 million of total unrecognized compensation cost related to all nonvested share-based incentive compensation awards. This includes stock options, restricted and deferred stock units and performance shares granted under the 2023 Incentive Plan. The unrecognized compensation cost is expected to be recognized over a weighted-average period of 1.8 years. Cash received from the exercise of employee stock options under share-based compensation plans totaled $ 321 million, $ 141 million and $ 267 million in 2024, 2023 and 2022, respectively. The tax benefit for tax deductions from employee stock options exercised during 2024, 2023 and 2022 totaled $ 39 million, $ 11 million and $ 22 million, respectively. </context> | us-gaap:ProceedsFromStockOptionsExercised |
At December 31, 2024, there was $ 248 million of total unrecognized compensation cost related to all nonvested share-based incentive compensation awards. This includes stock options, restricted and deferred stock units and performance shares granted under the 2023 Incentive Plan. The unrecognized compensation cost is expected to be recognized over a weighted-average period of 1.8 years. Cash received from the exercise of employee stock options under share-based compensation plans totaled $ 321 million, $ 141 million and $ 267 million in 2024, 2023 and 2022, respectively. The tax benefit for tax deductions from employee stock options exercised during 2024, 2023 and 2022 totaled $ 39 million, $ 11 million and $ 22 million, respectively. | text | 267 | monetaryItemType | text: <entity> 267 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, there was $ 248 million of total unrecognized compensation cost related to all nonvested share-based incentive compensation awards. This includes stock options, restricted and deferred stock units and performance shares granted under the 2023 Incentive Plan. The unrecognized compensation cost is expected to be recognized over a weighted-average period of 1.8 years. Cash received from the exercise of employee stock options under share-based compensation plans totaled $ 321 million, $ 141 million and $ 267 million in 2024, 2023 and 2022, respectively. The tax benefit for tax deductions from employee stock options exercised during 2024, 2023 and 2022 totaled $ 39 million, $ 11 million and $ 22 million, respectively. </context> | us-gaap:ProceedsFromStockOptionsExercised |
At December 31, 2024, there was $ 248 million of total unrecognized compensation cost related to all nonvested share-based incentive compensation awards. This includes stock options, restricted and deferred stock units and performance shares granted under the 2023 Incentive Plan. The unrecognized compensation cost is expected to be recognized over a weighted-average period of 1.8 years. Cash received from the exercise of employee stock options under share-based compensation plans totaled $ 321 million, $ 141 million and $ 267 million in 2024, 2023 and 2022, respectively. The tax benefit for tax deductions from employee stock options exercised during 2024, 2023 and 2022 totaled $ 39 million, $ 11 million and $ 22 million, respectively. | text | 39 | monetaryItemType | text: <entity> 39 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, there was $ 248 million of total unrecognized compensation cost related to all nonvested share-based incentive compensation awards. This includes stock options, restricted and deferred stock units and performance shares granted under the 2023 Incentive Plan. The unrecognized compensation cost is expected to be recognized over a weighted-average period of 1.8 years. Cash received from the exercise of employee stock options under share-based compensation plans totaled $ 321 million, $ 141 million and $ 267 million in 2024, 2023 and 2022, respectively. The tax benefit for tax deductions from employee stock options exercised during 2024, 2023 and 2022 totaled $ 39 million, $ 11 million and $ 22 million, respectively. </context> | us-gaap:EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions |
At December 31, 2024, there was $ 248 million of total unrecognized compensation cost related to all nonvested share-based incentive compensation awards. This includes stock options, restricted and deferred stock units and performance shares granted under the 2023 Incentive Plan. The unrecognized compensation cost is expected to be recognized over a weighted-average period of 1.8 years. Cash received from the exercise of employee stock options under share-based compensation plans totaled $ 321 million, $ 141 million and $ 267 million in 2024, 2023 and 2022, respectively. The tax benefit for tax deductions from employee stock options exercised during 2024, 2023 and 2022 totaled $ 39 million, $ 11 million and $ 22 million, respectively. | text | 11 | monetaryItemType | text: <entity> 11 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, there was $ 248 million of total unrecognized compensation cost related to all nonvested share-based incentive compensation awards. This includes stock options, restricted and deferred stock units and performance shares granted under the 2023 Incentive Plan. The unrecognized compensation cost is expected to be recognized over a weighted-average period of 1.8 years. Cash received from the exercise of employee stock options under share-based compensation plans totaled $ 321 million, $ 141 million and $ 267 million in 2024, 2023 and 2022, respectively. The tax benefit for tax deductions from employee stock options exercised during 2024, 2023 and 2022 totaled $ 39 million, $ 11 million and $ 22 million, respectively. </context> | us-gaap:EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions |
At December 31, 2024, there was $ 248 million of total unrecognized compensation cost related to all nonvested share-based incentive compensation awards. This includes stock options, restricted and deferred stock units and performance shares granted under the 2023 Incentive Plan. The unrecognized compensation cost is expected to be recognized over a weighted-average period of 1.8 years. Cash received from the exercise of employee stock options under share-based compensation plans totaled $ 321 million, $ 141 million and $ 267 million in 2024, 2023 and 2022, respectively. The tax benefit for tax deductions from employee stock options exercised during 2024, 2023 and 2022 totaled $ 39 million, $ 11 million and $ 22 million, respectively. | text | 22 | monetaryItemType | text: <entity> 22 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, there was $ 248 million of total unrecognized compensation cost related to all nonvested share-based incentive compensation awards. This includes stock options, restricted and deferred stock units and performance shares granted under the 2023 Incentive Plan. The unrecognized compensation cost is expected to be recognized over a weighted-average period of 1.8 years. Cash received from the exercise of employee stock options under share-based compensation plans totaled $ 321 million, $ 141 million and $ 267 million in 2024, 2023 and 2022, respectively. The tax benefit for tax deductions from employee stock options exercised during 2024, 2023 and 2022 totaled $ 39 million, $ 11 million and $ 22 million, respectively. </context> | us-gaap:EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions |
On February 4, 2025, the Company granted 685,943 common stock awards in the form of restricted stock units, deferred stock units and performance share awards under the 2023 Incentive Plan to participating officers, non-employee directors and other key employees. | text | 685943 | sharesItemType | text: <entity> 685943 </entity> <entity type> sharesItemType </entity type> <context> On February 4, 2025, the Company granted 685,943 common stock awards in the form of restricted stock units, deferred stock units and performance share awards under the 2023 Incentive Plan to participating officers, non-employee directors and other key employees. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod |
Included in the total common stock awards granted were 432,987 shares of restricted stock units and deferred stock units with a fair value per share attributable to the units of $ 244.06 . | text | 432987 | sharesItemType | text: <entity> 432987 </entity> <entity type> sharesItemType </entity type> <context> Included in the total common stock awards granted were 432,987 shares of restricted stock units and deferred stock units with a fair value per share attributable to the units of $ 244.06 . </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod |
Included in the total common stock awards granted were 432,987 shares of restricted stock units and deferred stock units with a fair value per share attributable to the units of $ 244.06 . | text | 244.06 | perShareItemType | text: <entity> 244.06 </entity> <entity type> perShareItemType </entity type> <context> Included in the total common stock awards granted were 432,987 shares of restricted stock units and deferred stock units with a fair value per share attributable to the units of $ 244.06 . </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue |
The remaining common stock awards granted were 252,956 performance share awards, which are settled in common stock and are contingent on the Company’s attainment of certain performance and market-based goals over the performance period and the recipient meeting certain years of service. | text | 252956 | sharesItemType | text: <entity> 252956 </entity> <entity type> sharesItemType </entity type> <context> The remaining common stock awards granted were 252,956 performance share awards, which are settled in common stock and are contingent on the Company’s attainment of certain performance and market-based goals over the performance period and the recipient meeting certain years of service. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod |
The percentage of shares that may vest at the end of the performance period is subject to the attainment of identified return-on-equity (ROE) performance goals, and is adjusted (up or down) based on the Company’s total shareholder return relative to the S&P Financials Index. The range of performance shares that may vest under the Plan is 0 % to 200 %. The fair value per share of the performance awards at grant date was $ 251.19 . | text | 251.19 | perShareItemType | text: <entity> 251.19 </entity> <entity type> perShareItemType </entity type> <context> The percentage of shares that may vest at the end of the performance period is subject to the attainment of identified return-on-equity (ROE) performance goals, and is adjusted (up or down) based on the Company’s total shareholder return relative to the S&P Financials Index. The range of performance shares that may vest under the Plan is 0 % to 200 %. The fair value per share of the performance awards at grant date was $ 251.19 . </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue |
The total accumulated benefit obligation for the Company’s defined benefit pension plans was $ 3.27 billion and $ 3.47 billion at December 31, 2024 and 2023, respectively. The qualified domestic pension plan accounted for $ 3.09 billion and $ 3.30 billion of the total accumulated benefit obligation at December 31, 2024 and 2023, respectively, whereas the nonqualified and foreign plans accounted for $ 180 million and $ 176 million of the total accumulated benefit obligation at December 31, 2024 and 2023, respectively. | text | 3.27 | monetaryItemType | text: <entity> 3.27 </entity> <entity type> monetaryItemType </entity type> <context> The total accumulated benefit obligation for the Company’s defined benefit pension plans was $ 3.27 billion and $ 3.47 billion at December 31, 2024 and 2023, respectively. The qualified domestic pension plan accounted for $ 3.09 billion and $ 3.30 billion of the total accumulated benefit obligation at December 31, 2024 and 2023, respectively, whereas the nonqualified and foreign plans accounted for $ 180 million and $ 176 million of the total accumulated benefit obligation at December 31, 2024 and 2023, respectively. </context> | us-gaap:DefinedBenefitPlanAccumulatedBenefitObligation |
The total accumulated benefit obligation for the Company’s defined benefit pension plans was $ 3.27 billion and $ 3.47 billion at December 31, 2024 and 2023, respectively. The qualified domestic pension plan accounted for $ 3.09 billion and $ 3.30 billion of the total accumulated benefit obligation at December 31, 2024 and 2023, respectively, whereas the nonqualified and foreign plans accounted for $ 180 million and $ 176 million of the total accumulated benefit obligation at December 31, 2024 and 2023, respectively. | text | 3.47 | monetaryItemType | text: <entity> 3.47 </entity> <entity type> monetaryItemType </entity type> <context> The total accumulated benefit obligation for the Company’s defined benefit pension plans was $ 3.27 billion and $ 3.47 billion at December 31, 2024 and 2023, respectively. The qualified domestic pension plan accounted for $ 3.09 billion and $ 3.30 billion of the total accumulated benefit obligation at December 31, 2024 and 2023, respectively, whereas the nonqualified and foreign plans accounted for $ 180 million and $ 176 million of the total accumulated benefit obligation at December 31, 2024 and 2023, respectively. </context> | us-gaap:DefinedBenefitPlanAccumulatedBenefitObligation |
The total accumulated benefit obligation for the Company’s defined benefit pension plans was $ 3.27 billion and $ 3.47 billion at December 31, 2024 and 2023, respectively. The qualified domestic pension plan accounted for $ 3.09 billion and $ 3.30 billion of the total accumulated benefit obligation at December 31, 2024 and 2023, respectively, whereas the nonqualified and foreign plans accounted for $ 180 million and $ 176 million of the total accumulated benefit obligation at December 31, 2024 and 2023, respectively. | text | 3.09 | monetaryItemType | text: <entity> 3.09 </entity> <entity type> monetaryItemType </entity type> <context> The total accumulated benefit obligation for the Company’s defined benefit pension plans was $ 3.27 billion and $ 3.47 billion at December 31, 2024 and 2023, respectively. The qualified domestic pension plan accounted for $ 3.09 billion and $ 3.30 billion of the total accumulated benefit obligation at December 31, 2024 and 2023, respectively, whereas the nonqualified and foreign plans accounted for $ 180 million and $ 176 million of the total accumulated benefit obligation at December 31, 2024 and 2023, respectively. </context> | us-gaap:DefinedBenefitPlanAccumulatedBenefitObligation |
The total accumulated benefit obligation for the Company’s defined benefit pension plans was $ 3.27 billion and $ 3.47 billion at December 31, 2024 and 2023, respectively. The qualified domestic pension plan accounted for $ 3.09 billion and $ 3.30 billion of the total accumulated benefit obligation at December 31, 2024 and 2023, respectively, whereas the nonqualified and foreign plans accounted for $ 180 million and $ 176 million of the total accumulated benefit obligation at December 31, 2024 and 2023, respectively. | text | 3.30 | monetaryItemType | text: <entity> 3.30 </entity> <entity type> monetaryItemType </entity type> <context> The total accumulated benefit obligation for the Company’s defined benefit pension plans was $ 3.27 billion and $ 3.47 billion at December 31, 2024 and 2023, respectively. The qualified domestic pension plan accounted for $ 3.09 billion and $ 3.30 billion of the total accumulated benefit obligation at December 31, 2024 and 2023, respectively, whereas the nonqualified and foreign plans accounted for $ 180 million and $ 176 million of the total accumulated benefit obligation at December 31, 2024 and 2023, respectively. </context> | us-gaap:DefinedBenefitPlanAccumulatedBenefitObligation |
The total accumulated benefit obligation for the Company’s defined benefit pension plans was $ 3.27 billion and $ 3.47 billion at December 31, 2024 and 2023, respectively. The qualified domestic pension plan accounted for $ 3.09 billion and $ 3.30 billion of the total accumulated benefit obligation at December 31, 2024 and 2023, respectively, whereas the nonqualified and foreign plans accounted for $ 180 million and $ 176 million of the total accumulated benefit obligation at December 31, 2024 and 2023, respectively. | text | 180 | monetaryItemType | text: <entity> 180 </entity> <entity type> monetaryItemType </entity type> <context> The total accumulated benefit obligation for the Company’s defined benefit pension plans was $ 3.27 billion and $ 3.47 billion at December 31, 2024 and 2023, respectively. The qualified domestic pension plan accounted for $ 3.09 billion and $ 3.30 billion of the total accumulated benefit obligation at December 31, 2024 and 2023, respectively, whereas the nonqualified and foreign plans accounted for $ 180 million and $ 176 million of the total accumulated benefit obligation at December 31, 2024 and 2023, respectively. </context> | us-gaap:DefinedBenefitPlanAccumulatedBenefitObligation |
The total accumulated benefit obligation for the Company’s defined benefit pension plans was $ 3.27 billion and $ 3.47 billion at December 31, 2024 and 2023, respectively. The qualified domestic pension plan accounted for $ 3.09 billion and $ 3.30 billion of the total accumulated benefit obligation at December 31, 2024 and 2023, respectively, whereas the nonqualified and foreign plans accounted for $ 180 million and $ 176 million of the total accumulated benefit obligation at December 31, 2024 and 2023, respectively. | text | 176 | monetaryItemType | text: <entity> 176 </entity> <entity type> monetaryItemType </entity type> <context> The total accumulated benefit obligation for the Company’s defined benefit pension plans was $ 3.27 billion and $ 3.47 billion at December 31, 2024 and 2023, respectively. The qualified domestic pension plan accounted for $ 3.09 billion and $ 3.30 billion of the total accumulated benefit obligation at December 31, 2024 and 2023, respectively, whereas the nonqualified and foreign plans accounted for $ 180 million and $ 176 million of the total accumulated benefit obligation at December 31, 2024 and 2023, respectively. </context> | us-gaap:DefinedBenefitPlanAccumulatedBenefitObligation |
For pension plans with a projected benefit obligation in excess of plan assets, the aggregate projected benefit obligation was $ 118 million and $ 114 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For pension plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 112 million and $ 106 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For postretirement benefit plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 62 million and $ 92 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 6 million and $ 7 million at December 31, 2024 and 2023, respectively. | text | 118 | monetaryItemType | text: <entity> 118 </entity> <entity type> monetaryItemType </entity type> <context> For pension plans with a projected benefit obligation in excess of plan assets, the aggregate projected benefit obligation was $ 118 million and $ 114 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For pension plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 112 million and $ 106 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For postretirement benefit plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 62 million and $ 92 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 6 million and $ 7 million at December 31, 2024 and 2023, respectively. </context> | us-gaap:DefinedBenefitPlanPensionPlanWithProjectedBenefitObligationInExcessOfPlanAssetsProjectedBenefitObligation |
For pension plans with a projected benefit obligation in excess of plan assets, the aggregate projected benefit obligation was $ 118 million and $ 114 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For pension plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 112 million and $ 106 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For postretirement benefit plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 62 million and $ 92 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 6 million and $ 7 million at December 31, 2024 and 2023, respectively. | text | 114 | monetaryItemType | text: <entity> 114 </entity> <entity type> monetaryItemType </entity type> <context> For pension plans with a projected benefit obligation in excess of plan assets, the aggregate projected benefit obligation was $ 118 million and $ 114 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For pension plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 112 million and $ 106 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For postretirement benefit plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 62 million and $ 92 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 6 million and $ 7 million at December 31, 2024 and 2023, respectively. </context> | us-gaap:DefinedBenefitPlanPensionPlanWithProjectedBenefitObligationInExcessOfPlanAssetsProjectedBenefitObligation |
For pension plans with a projected benefit obligation in excess of plan assets, the aggregate projected benefit obligation was $ 118 million and $ 114 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For pension plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 112 million and $ 106 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For postretirement benefit plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 62 million and $ 92 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 6 million and $ 7 million at December 31, 2024 and 2023, respectively. | text | 112 | monetaryItemType | text: <entity> 112 </entity> <entity type> monetaryItemType </entity type> <context> For pension plans with a projected benefit obligation in excess of plan assets, the aggregate projected benefit obligation was $ 118 million and $ 114 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For pension plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 112 million and $ 106 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For postretirement benefit plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 62 million and $ 92 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 6 million and $ 7 million at December 31, 2024 and 2023, respectively. </context> | us-gaap:DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation |
For pension plans with a projected benefit obligation in excess of plan assets, the aggregate projected benefit obligation was $ 118 million and $ 114 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For pension plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 112 million and $ 106 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For postretirement benefit plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 62 million and $ 92 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 6 million and $ 7 million at December 31, 2024 and 2023, respectively. | text | 106 | monetaryItemType | text: <entity> 106 </entity> <entity type> monetaryItemType </entity type> <context> For pension plans with a projected benefit obligation in excess of plan assets, the aggregate projected benefit obligation was $ 118 million and $ 114 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For pension plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 112 million and $ 106 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For postretirement benefit plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 62 million and $ 92 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 6 million and $ 7 million at December 31, 2024 and 2023, respectively. </context> | us-gaap:DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation |
For pension plans with a projected benefit obligation in excess of plan assets, the aggregate projected benefit obligation was $ 118 million and $ 114 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For pension plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 112 million and $ 106 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For postretirement benefit plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 62 million and $ 92 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 6 million and $ 7 million at December 31, 2024 and 2023, respectively. | text | 62 | monetaryItemType | text: <entity> 62 </entity> <entity type> monetaryItemType </entity type> <context> For pension plans with a projected benefit obligation in excess of plan assets, the aggregate projected benefit obligation was $ 118 million and $ 114 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For pension plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 112 million and $ 106 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For postretirement benefit plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 62 million and $ 92 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 6 million and $ 7 million at December 31, 2024 and 2023, respectively. </context> | us-gaap:DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation |
For pension plans with a projected benefit obligation in excess of plan assets, the aggregate projected benefit obligation was $ 118 million and $ 114 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For pension plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 112 million and $ 106 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For postretirement benefit plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 62 million and $ 92 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 6 million and $ 7 million at December 31, 2024 and 2023, respectively. | text | 92 | monetaryItemType | text: <entity> 92 </entity> <entity type> monetaryItemType </entity type> <context> For pension plans with a projected benefit obligation in excess of plan assets, the aggregate projected benefit obligation was $ 118 million and $ 114 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For pension plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 112 million and $ 106 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For postretirement benefit plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 62 million and $ 92 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 6 million and $ 7 million at December 31, 2024 and 2023, respectively. </context> | us-gaap:DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation |
For pension plans with a projected benefit obligation in excess of plan assets, the aggregate projected benefit obligation was $ 118 million and $ 114 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For pension plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 112 million and $ 106 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For postretirement benefit plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 62 million and $ 92 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 6 million and $ 7 million at December 31, 2024 and 2023, respectively. | text | 6 | monetaryItemType | text: <entity> 6 </entity> <entity type> monetaryItemType </entity type> <context> For pension plans with a projected benefit obligation in excess of plan assets, the aggregate projected benefit obligation was $ 118 million and $ 114 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For pension plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 112 million and $ 106 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For postretirement benefit plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 62 million and $ 92 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 6 million and $ 7 million at December 31, 2024 and 2023, respectively. </context> | us-gaap:DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets |
For pension plans with a projected benefit obligation in excess of plan assets, the aggregate projected benefit obligation was $ 118 million and $ 114 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For pension plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 112 million and $ 106 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For postretirement benefit plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 62 million and $ 92 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 6 million and $ 7 million at December 31, 2024 and 2023, respectively. | text | 7 | monetaryItemType | text: <entity> 7 </entity> <entity type> monetaryItemType </entity type> <context> For pension plans with a projected benefit obligation in excess of plan assets, the aggregate projected benefit obligation was $ 118 million and $ 114 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For pension plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 112 million and $ 106 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For postretirement benefit plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 62 million and $ 92 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 6 million and $ 7 million at December 31, 2024 and 2023, respectively. </context> | us-gaap:DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets |
The $ 159 million actuarial gain experienced in 2024 for the qualified domestic pension plan was largely driven by the increase in the assumed discount rate from the prior year that was used to determine the projected benefit obligation at December 31, 2024. The $ 123 million actuarial loss experienced in 2023 for the qualified domestic pension plan was largely driven by the decrease in the assumed discount rate from the prior year that was used to determine the projected benefit obligation at December 31, 2023. | text | 159 | monetaryItemType | text: <entity> 159 </entity> <entity type> monetaryItemType </entity type> <context> The $ 159 million actuarial gain experienced in 2024 for the qualified domestic pension plan was largely driven by the increase in the assumed discount rate from the prior year that was used to determine the projected benefit obligation at December 31, 2024. The $ 123 million actuarial loss experienced in 2023 for the qualified domestic pension plan was largely driven by the decrease in the assumed discount rate from the prior year that was used to determine the projected benefit obligation at December 31, 2023. </context> | us-gaap:DefinedBenefitPlanActuarialGainLoss |
The $ 159 million actuarial gain experienced in 2024 for the qualified domestic pension plan was largely driven by the increase in the assumed discount rate from the prior year that was used to determine the projected benefit obligation at December 31, 2024. The $ 123 million actuarial loss experienced in 2023 for the qualified domestic pension plan was largely driven by the decrease in the assumed discount rate from the prior year that was used to determine the projected benefit obligation at December 31, 2023. | text | 123 | monetaryItemType | text: <entity> 123 </entity> <entity type> monetaryItemType </entity type> <context> The $ 159 million actuarial gain experienced in 2024 for the qualified domestic pension plan was largely driven by the increase in the assumed discount rate from the prior year that was used to determine the projected benefit obligation at December 31, 2024. The $ 123 million actuarial loss experienced in 2023 for the qualified domestic pension plan was largely driven by the decrease in the assumed discount rate from the prior year that was used to determine the projected benefit obligation at December 31, 2023. </context> | us-gaap:DefinedBenefitPlanActuarialGainLoss |
The Company’s overall investment strategy for the qualified domestic pension plan is to achieve a mix of approximately 85 % to 90 % of investments for long-term growth and 10 % to 15 % for near-term benefit payments with a diversification of asset types, fund strategies and fund managers. The current target allocations for plan assets are 55 % to 65 % equity securities and 20 % to 40 % fixed income securities, with the remainder allocated to short-term securities. Equity securities primarily include investments in large, medium and small-cap companies primarily located in the United States. Fixed income securities include corporate bonds of companies from diversified industries, mortgage-backed securities, U.S. Treasury securities and debt securities issued by foreign governments. | text | 85 | percentItemType | text: <entity> 85 </entity> <entity type> percentItemType </entity type> <context> The Company’s overall investment strategy for the qualified domestic pension plan is to achieve a mix of approximately 85 % to 90 % of investments for long-term growth and 10 % to 15 % for near-term benefit payments with a diversification of asset types, fund strategies and fund managers. The current target allocations for plan assets are 55 % to 65 % equity securities and 20 % to 40 % fixed income securities, with the remainder allocated to short-term securities. Equity securities primarily include investments in large, medium and small-cap companies primarily located in the United States. Fixed income securities include corporate bonds of companies from diversified industries, mortgage-backed securities, U.S. Treasury securities and debt securities issued by foreign governments. </context> | us-gaap:DefinedBenefitPlanPlanAssetsTargetAllocationPercentage |
The Company’s overall investment strategy for the qualified domestic pension plan is to achieve a mix of approximately 85 % to 90 % of investments for long-term growth and 10 % to 15 % for near-term benefit payments with a diversification of asset types, fund strategies and fund managers. The current target allocations for plan assets are 55 % to 65 % equity securities and 20 % to 40 % fixed income securities, with the remainder allocated to short-term securities. Equity securities primarily include investments in large, medium and small-cap companies primarily located in the United States. Fixed income securities include corporate bonds of companies from diversified industries, mortgage-backed securities, U.S. Treasury securities and debt securities issued by foreign governments. | text | 90 | percentItemType | text: <entity> 90 </entity> <entity type> percentItemType </entity type> <context> The Company’s overall investment strategy for the qualified domestic pension plan is to achieve a mix of approximately 85 % to 90 % of investments for long-term growth and 10 % to 15 % for near-term benefit payments with a diversification of asset types, fund strategies and fund managers. The current target allocations for plan assets are 55 % to 65 % equity securities and 20 % to 40 % fixed income securities, with the remainder allocated to short-term securities. Equity securities primarily include investments in large, medium and small-cap companies primarily located in the United States. Fixed income securities include corporate bonds of companies from diversified industries, mortgage-backed securities, U.S. Treasury securities and debt securities issued by foreign governments. </context> | us-gaap:DefinedBenefitPlanPlanAssetsTargetAllocationPercentage |
The Company’s overall investment strategy for the qualified domestic pension plan is to achieve a mix of approximately 85 % to 90 % of investments for long-term growth and 10 % to 15 % for near-term benefit payments with a diversification of asset types, fund strategies and fund managers. The current target allocations for plan assets are 55 % to 65 % equity securities and 20 % to 40 % fixed income securities, with the remainder allocated to short-term securities. Equity securities primarily include investments in large, medium and small-cap companies primarily located in the United States. Fixed income securities include corporate bonds of companies from diversified industries, mortgage-backed securities, U.S. Treasury securities and debt securities issued by foreign governments. | text | 10 | percentItemType | text: <entity> 10 </entity> <entity type> percentItemType </entity type> <context> The Company’s overall investment strategy for the qualified domestic pension plan is to achieve a mix of approximately 85 % to 90 % of investments for long-term growth and 10 % to 15 % for near-term benefit payments with a diversification of asset types, fund strategies and fund managers. The current target allocations for plan assets are 55 % to 65 % equity securities and 20 % to 40 % fixed income securities, with the remainder allocated to short-term securities. Equity securities primarily include investments in large, medium and small-cap companies primarily located in the United States. Fixed income securities include corporate bonds of companies from diversified industries, mortgage-backed securities, U.S. Treasury securities and debt securities issued by foreign governments. </context> | us-gaap:DefinedBenefitPlanPlanAssetsTargetAllocationPercentage |
The Company’s overall investment strategy for the qualified domestic pension plan is to achieve a mix of approximately 85 % to 90 % of investments for long-term growth and 10 % to 15 % for near-term benefit payments with a diversification of asset types, fund strategies and fund managers. The current target allocations for plan assets are 55 % to 65 % equity securities and 20 % to 40 % fixed income securities, with the remainder allocated to short-term securities. Equity securities primarily include investments in large, medium and small-cap companies primarily located in the United States. Fixed income securities include corporate bonds of companies from diversified industries, mortgage-backed securities, U.S. Treasury securities and debt securities issued by foreign governments. | text | 15 | percentItemType | text: <entity> 15 </entity> <entity type> percentItemType </entity type> <context> The Company’s overall investment strategy for the qualified domestic pension plan is to achieve a mix of approximately 85 % to 90 % of investments for long-term growth and 10 % to 15 % for near-term benefit payments with a diversification of asset types, fund strategies and fund managers. The current target allocations for plan assets are 55 % to 65 % equity securities and 20 % to 40 % fixed income securities, with the remainder allocated to short-term securities. Equity securities primarily include investments in large, medium and small-cap companies primarily located in the United States. Fixed income securities include corporate bonds of companies from diversified industries, mortgage-backed securities, U.S. Treasury securities and debt securities issued by foreign governments. </context> | us-gaap:DefinedBenefitPlanPlanAssetsTargetAllocationPercentage |
The Company’s overall investment strategy for the qualified domestic pension plan is to achieve a mix of approximately 85 % to 90 % of investments for long-term growth and 10 % to 15 % for near-term benefit payments with a diversification of asset types, fund strategies and fund managers. The current target allocations for plan assets are 55 % to 65 % equity securities and 20 % to 40 % fixed income securities, with the remainder allocated to short-term securities. Equity securities primarily include investments in large, medium and small-cap companies primarily located in the United States. Fixed income securities include corporate bonds of companies from diversified industries, mortgage-backed securities, U.S. Treasury securities and debt securities issued by foreign governments. | text | 55 | percentItemType | text: <entity> 55 </entity> <entity type> percentItemType </entity type> <context> The Company’s overall investment strategy for the qualified domestic pension plan is to achieve a mix of approximately 85 % to 90 % of investments for long-term growth and 10 % to 15 % for near-term benefit payments with a diversification of asset types, fund strategies and fund managers. The current target allocations for plan assets are 55 % to 65 % equity securities and 20 % to 40 % fixed income securities, with the remainder allocated to short-term securities. Equity securities primarily include investments in large, medium and small-cap companies primarily located in the United States. Fixed income securities include corporate bonds of companies from diversified industries, mortgage-backed securities, U.S. Treasury securities and debt securities issued by foreign governments. </context> | us-gaap:DefinedBenefitPlanPlanAssetsTargetAllocationPercentage |
The Company’s overall investment strategy for the qualified domestic pension plan is to achieve a mix of approximately 85 % to 90 % of investments for long-term growth and 10 % to 15 % for near-term benefit payments with a diversification of asset types, fund strategies and fund managers. The current target allocations for plan assets are 55 % to 65 % equity securities and 20 % to 40 % fixed income securities, with the remainder allocated to short-term securities. Equity securities primarily include investments in large, medium and small-cap companies primarily located in the United States. Fixed income securities include corporate bonds of companies from diversified industries, mortgage-backed securities, U.S. Treasury securities and debt securities issued by foreign governments. | text | 65 | percentItemType | text: <entity> 65 </entity> <entity type> percentItemType </entity type> <context> The Company’s overall investment strategy for the qualified domestic pension plan is to achieve a mix of approximately 85 % to 90 % of investments for long-term growth and 10 % to 15 % for near-term benefit payments with a diversification of asset types, fund strategies and fund managers. The current target allocations for plan assets are 55 % to 65 % equity securities and 20 % to 40 % fixed income securities, with the remainder allocated to short-term securities. Equity securities primarily include investments in large, medium and small-cap companies primarily located in the United States. Fixed income securities include corporate bonds of companies from diversified industries, mortgage-backed securities, U.S. Treasury securities and debt securities issued by foreign governments. </context> | us-gaap:DefinedBenefitPlanPlanAssetsTargetAllocationPercentage |
The Company’s overall investment strategy for the qualified domestic pension plan is to achieve a mix of approximately 85 % to 90 % of investments for long-term growth and 10 % to 15 % for near-term benefit payments with a diversification of asset types, fund strategies and fund managers. The current target allocations for plan assets are 55 % to 65 % equity securities and 20 % to 40 % fixed income securities, with the remainder allocated to short-term securities. Equity securities primarily include investments in large, medium and small-cap companies primarily located in the United States. Fixed income securities include corporate bonds of companies from diversified industries, mortgage-backed securities, U.S. Treasury securities and debt securities issued by foreign governments. | text | 20 | percentItemType | text: <entity> 20 </entity> <entity type> percentItemType </entity type> <context> The Company’s overall investment strategy for the qualified domestic pension plan is to achieve a mix of approximately 85 % to 90 % of investments for long-term growth and 10 % to 15 % for near-term benefit payments with a diversification of asset types, fund strategies and fund managers. The current target allocations for plan assets are 55 % to 65 % equity securities and 20 % to 40 % fixed income securities, with the remainder allocated to short-term securities. Equity securities primarily include investments in large, medium and small-cap companies primarily located in the United States. Fixed income securities include corporate bonds of companies from diversified industries, mortgage-backed securities, U.S. Treasury securities and debt securities issued by foreign governments. </context> | us-gaap:DefinedBenefitPlanPlanAssetsTargetAllocationPercentage |
The Company’s overall investment strategy for the qualified domestic pension plan is to achieve a mix of approximately 85 % to 90 % of investments for long-term growth and 10 % to 15 % for near-term benefit payments with a diversification of asset types, fund strategies and fund managers. The current target allocations for plan assets are 55 % to 65 % equity securities and 20 % to 40 % fixed income securities, with the remainder allocated to short-term securities. Equity securities primarily include investments in large, medium and small-cap companies primarily located in the United States. Fixed income securities include corporate bonds of companies from diversified industries, mortgage-backed securities, U.S. Treasury securities and debt securities issued by foreign governments. | text | 40 | percentItemType | text: <entity> 40 </entity> <entity type> percentItemType </entity type> <context> The Company’s overall investment strategy for the qualified domestic pension plan is to achieve a mix of approximately 85 % to 90 % of investments for long-term growth and 10 % to 15 % for near-term benefit payments with a diversification of asset types, fund strategies and fund managers. The current target allocations for plan assets are 55 % to 65 % equity securities and 20 % to 40 % fixed income securities, with the remainder allocated to short-term securities. Equity securities primarily include investments in large, medium and small-cap companies primarily located in the United States. Fixed income securities include corporate bonds of companies from diversified industries, mortgage-backed securities, U.S. Treasury securities and debt securities issued by foreign governments. </context> | us-gaap:DefinedBenefitPlanPlanAssetsTargetAllocationPercentage |
The Company’s overall investment strategy is to achieve a mix of approximately 35 % to 65 % of investments for long-term growth and 35 % to 65 % for near-term insurance payments with a wide diversification of asset types, fund strategies and fund managers. The current target allocations for plan assets are 25 % to 75 % fixed income securities, with the remainder allocated to short-term securities. Fixed income securities include corporate bonds of companies from diversified industries, mortgage-backed securities and U.S. Treasuries. | text | 35 | percentItemType | text: <entity> 35 </entity> <entity type> percentItemType </entity type> <context> The Company’s overall investment strategy is to achieve a mix of approximately 35 % to 65 % of investments for long-term growth and 35 % to 65 % for near-term insurance payments with a wide diversification of asset types, fund strategies and fund managers. The current target allocations for plan assets are 25 % to 75 % fixed income securities, with the remainder allocated to short-term securities. Fixed income securities include corporate bonds of companies from diversified industries, mortgage-backed securities and U.S. Treasuries. </context> | us-gaap:DefinedBenefitPlanPlanAssetsTargetAllocationPercentage |
The Company’s overall investment strategy is to achieve a mix of approximately 35 % to 65 % of investments for long-term growth and 35 % to 65 % for near-term insurance payments with a wide diversification of asset types, fund strategies and fund managers. The current target allocations for plan assets are 25 % to 75 % fixed income securities, with the remainder allocated to short-term securities. Fixed income securities include corporate bonds of companies from diversified industries, mortgage-backed securities and U.S. Treasuries. | text | 65 | percentItemType | text: <entity> 65 </entity> <entity type> percentItemType </entity type> <context> The Company’s overall investment strategy is to achieve a mix of approximately 35 % to 65 % of investments for long-term growth and 35 % to 65 % for near-term insurance payments with a wide diversification of asset types, fund strategies and fund managers. The current target allocations for plan assets are 25 % to 75 % fixed income securities, with the remainder allocated to short-term securities. Fixed income securities include corporate bonds of companies from diversified industries, mortgage-backed securities and U.S. Treasuries. </context> | us-gaap:DefinedBenefitPlanPlanAssetsTargetAllocationPercentage |
The Company’s overall investment strategy is to achieve a mix of approximately 35 % to 65 % of investments for long-term growth and 35 % to 65 % for near-term insurance payments with a wide diversification of asset types, fund strategies and fund managers. The current target allocations for plan assets are 25 % to 75 % fixed income securities, with the remainder allocated to short-term securities. Fixed income securities include corporate bonds of companies from diversified industries, mortgage-backed securities and U.S. Treasuries. | text | 25 | percentItemType | text: <entity> 25 </entity> <entity type> percentItemType </entity type> <context> The Company’s overall investment strategy is to achieve a mix of approximately 35 % to 65 % of investments for long-term growth and 35 % to 65 % for near-term insurance payments with a wide diversification of asset types, fund strategies and fund managers. The current target allocations for plan assets are 25 % to 75 % fixed income securities, with the remainder allocated to short-term securities. Fixed income securities include corporate bonds of companies from diversified industries, mortgage-backed securities and U.S. Treasuries. </context> | us-gaap:DefinedBenefitPlanPlanAssetsTargetAllocationPercentage |
The Company’s overall investment strategy is to achieve a mix of approximately 35 % to 65 % of investments for long-term growth and 35 % to 65 % for near-term insurance payments with a wide diversification of asset types, fund strategies and fund managers. The current target allocations for plan assets are 25 % to 75 % fixed income securities, with the remainder allocated to short-term securities. Fixed income securities include corporate bonds of companies from diversified industries, mortgage-backed securities and U.S. Treasuries. | text | 75 | percentItemType | text: <entity> 75 </entity> <entity type> percentItemType </entity type> <context> The Company’s overall investment strategy is to achieve a mix of approximately 35 % to 65 % of investments for long-term growth and 35 % to 65 % for near-term insurance payments with a wide diversification of asset types, fund strategies and fund managers. The current target allocations for plan assets are 25 % to 75 % fixed income securities, with the remainder allocated to short-term securities. Fixed income securities include corporate bonds of companies from diversified industries, mortgage-backed securities and U.S. Treasuries. </context> | us-gaap:DefinedBenefitPlanPlanAssetsTargetAllocationPercentage |
The Company’s other postretirement benefit plans had financial assets of $ 6 million and $ 7 million at December 31, 2024 and 2023, respectively, which are measured at fair value on a recurring basis. The assets are primarily corporate bonds, which are categorized as level 2 in the fair value hierarchy. | text | 6 | monetaryItemType | text: <entity> 6 </entity> <entity type> monetaryItemType </entity type> <context> The Company’s other postretirement benefit plans had financial assets of $ 6 million and $ 7 million at December 31, 2024 and 2023, respectively, which are measured at fair value on a recurring basis. The assets are primarily corporate bonds, which are categorized as level 2 in the fair value hierarchy. </context> | us-gaap:DefinedBenefitPlanFairValueOfPlanAssets |
The Company’s other postretirement benefit plans had financial assets of $ 6 million and $ 7 million at December 31, 2024 and 2023, respectively, which are measured at fair value on a recurring basis. The assets are primarily corporate bonds, which are categorized as level 2 in the fair value hierarchy. | text | 7 | monetaryItemType | text: <entity> 7 </entity> <entity type> monetaryItemType </entity type> <context> The Company’s other postretirement benefit plans had financial assets of $ 6 million and $ 7 million at December 31, 2024 and 2023, respectively, which are measured at fair value on a recurring basis. The assets are primarily corporate bonds, which are categorized as level 2 in the fair value hierarchy. </context> | us-gaap:DefinedBenefitPlanFairValueOfPlanAssets |
Substantially all U.S. domestic Company employees are eligible to participate in The Travelers 401(k) Savings Plan (the Savings Plan). Eligible employees can contribute to the Savings Plan, and the Company makes a matching contribution into the employee’s Savings Plan account, subject to limitations described below. In addition, when an eligible U.S. employee makes a payment toward their student loans, the Company makes a contribution of that amount into the employee’s Savings Plan account, subject to limitations described below. The total annual amount of the Company’s matching contributions, student loan repayment contributions or a combination of both is the lesser of 5 % of eligible pay or $ 7,500 , which becomes 100 % vested after three years of service. All Company contributions to the Savings Plan are made in cash and invested according to the employee’s current investment elections and can be reinvested into other investment options in accordance with the terms of the Savings Plan. The Company’s non-U.S. employees and certain domestic employees participate in separate savings plans. The total expense related to all of the savings plans was $ 170 million, $ 154 million and $ 139 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 5 | percentItemType | text: <entity> 5 </entity> <entity type> percentItemType </entity type> <context> Substantially all U.S. domestic Company employees are eligible to participate in The Travelers 401(k) Savings Plan (the Savings Plan). Eligible employees can contribute to the Savings Plan, and the Company makes a matching contribution into the employee’s Savings Plan account, subject to limitations described below. In addition, when an eligible U.S. employee makes a payment toward their student loans, the Company makes a contribution of that amount into the employee’s Savings Plan account, subject to limitations described below. The total annual amount of the Company’s matching contributions, student loan repayment contributions or a combination of both is the lesser of 5 % of eligible pay or $ 7,500 , which becomes 100 % vested after three years of service. All Company contributions to the Savings Plan are made in cash and invested according to the employee’s current investment elections and can be reinvested into other investment options in accordance with the terms of the Savings Plan. The Company’s non-U.S. employees and certain domestic employees participate in separate savings plans. The total expense related to all of the savings plans was $ 170 million, $ 154 million and $ 139 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:DefinedContributionPlanEmployerMatchingContributionPercent |
Substantially all U.S. domestic Company employees are eligible to participate in The Travelers 401(k) Savings Plan (the Savings Plan). Eligible employees can contribute to the Savings Plan, and the Company makes a matching contribution into the employee’s Savings Plan account, subject to limitations described below. In addition, when an eligible U.S. employee makes a payment toward their student loans, the Company makes a contribution of that amount into the employee’s Savings Plan account, subject to limitations described below. The total annual amount of the Company’s matching contributions, student loan repayment contributions or a combination of both is the lesser of 5 % of eligible pay or $ 7,500 , which becomes 100 % vested after three years of service. All Company contributions to the Savings Plan are made in cash and invested according to the employee’s current investment elections and can be reinvested into other investment options in accordance with the terms of the Savings Plan. The Company’s non-U.S. employees and certain domestic employees participate in separate savings plans. The total expense related to all of the savings plans was $ 170 million, $ 154 million and $ 139 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 170 | monetaryItemType | text: <entity> 170 </entity> <entity type> monetaryItemType </entity type> <context> Substantially all U.S. domestic Company employees are eligible to participate in The Travelers 401(k) Savings Plan (the Savings Plan). Eligible employees can contribute to the Savings Plan, and the Company makes a matching contribution into the employee’s Savings Plan account, subject to limitations described below. In addition, when an eligible U.S. employee makes a payment toward their student loans, the Company makes a contribution of that amount into the employee’s Savings Plan account, subject to limitations described below. The total annual amount of the Company’s matching contributions, student loan repayment contributions or a combination of both is the lesser of 5 % of eligible pay or $ 7,500 , which becomes 100 % vested after three years of service. All Company contributions to the Savings Plan are made in cash and invested according to the employee’s current investment elections and can be reinvested into other investment options in accordance with the terms of the Savings Plan. The Company’s non-U.S. employees and certain domestic employees participate in separate savings plans. The total expense related to all of the savings plans was $ 170 million, $ 154 million and $ 139 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:DefinedContributionPlanCostRecognized |
Substantially all U.S. domestic Company employees are eligible to participate in The Travelers 401(k) Savings Plan (the Savings Plan). Eligible employees can contribute to the Savings Plan, and the Company makes a matching contribution into the employee’s Savings Plan account, subject to limitations described below. In addition, when an eligible U.S. employee makes a payment toward their student loans, the Company makes a contribution of that amount into the employee’s Savings Plan account, subject to limitations described below. The total annual amount of the Company’s matching contributions, student loan repayment contributions or a combination of both is the lesser of 5 % of eligible pay or $ 7,500 , which becomes 100 % vested after three years of service. All Company contributions to the Savings Plan are made in cash and invested according to the employee’s current investment elections and can be reinvested into other investment options in accordance with the terms of the Savings Plan. The Company’s non-U.S. employees and certain domestic employees participate in separate savings plans. The total expense related to all of the savings plans was $ 170 million, $ 154 million and $ 139 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 154 | monetaryItemType | text: <entity> 154 </entity> <entity type> monetaryItemType </entity type> <context> Substantially all U.S. domestic Company employees are eligible to participate in The Travelers 401(k) Savings Plan (the Savings Plan). Eligible employees can contribute to the Savings Plan, and the Company makes a matching contribution into the employee’s Savings Plan account, subject to limitations described below. In addition, when an eligible U.S. employee makes a payment toward their student loans, the Company makes a contribution of that amount into the employee’s Savings Plan account, subject to limitations described below. The total annual amount of the Company’s matching contributions, student loan repayment contributions or a combination of both is the lesser of 5 % of eligible pay or $ 7,500 , which becomes 100 % vested after three years of service. All Company contributions to the Savings Plan are made in cash and invested according to the employee’s current investment elections and can be reinvested into other investment options in accordance with the terms of the Savings Plan. The Company’s non-U.S. employees and certain domestic employees participate in separate savings plans. The total expense related to all of the savings plans was $ 170 million, $ 154 million and $ 139 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:DefinedContributionPlanCostRecognized |
Substantially all U.S. domestic Company employees are eligible to participate in The Travelers 401(k) Savings Plan (the Savings Plan). Eligible employees can contribute to the Savings Plan, and the Company makes a matching contribution into the employee’s Savings Plan account, subject to limitations described below. In addition, when an eligible U.S. employee makes a payment toward their student loans, the Company makes a contribution of that amount into the employee’s Savings Plan account, subject to limitations described below. The total annual amount of the Company’s matching contributions, student loan repayment contributions or a combination of both is the lesser of 5 % of eligible pay or $ 7,500 , which becomes 100 % vested after three years of service. All Company contributions to the Savings Plan are made in cash and invested according to the employee’s current investment elections and can be reinvested into other investment options in accordance with the terms of the Savings Plan. The Company’s non-U.S. employees and certain domestic employees participate in separate savings plans. The total expense related to all of the savings plans was $ 170 million, $ 154 million and $ 139 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 139 | monetaryItemType | text: <entity> 139 </entity> <entity type> monetaryItemType </entity type> <context> Substantially all U.S. domestic Company employees are eligible to participate in The Travelers 401(k) Savings Plan (the Savings Plan). Eligible employees can contribute to the Savings Plan, and the Company makes a matching contribution into the employee’s Savings Plan account, subject to limitations described below. In addition, when an eligible U.S. employee makes a payment toward their student loans, the Company makes a contribution of that amount into the employee’s Savings Plan account, subject to limitations described below. The total annual amount of the Company’s matching contributions, student loan repayment contributions or a combination of both is the lesser of 5 % of eligible pay or $ 7,500 , which becomes 100 % vested after three years of service. All Company contributions to the Savings Plan are made in cash and invested according to the employee’s current investment elections and can be reinvested into other investment options in accordance with the terms of the Savings Plan. The Company’s non-U.S. employees and certain domestic employees participate in separate savings plans. The total expense related to all of the savings plans was $ 170 million, $ 154 million and $ 139 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:DefinedContributionPlanCostRecognized |
In the ordinary course of selling businesses to third parties, the Company has agreed to indemnify purchasers for losses arising out of breaches of representations and warranties, obligations arising from certain liabilities and any breach or failure to perform certain covenants with respect to the businesses being sold. Such indemnification provisions generally are applicable from the closing date to the expiration of the relevant statutes of limitations, although, in some cases, there may be agreed upon term limitations or no term limitations. Certain of these contingent obligations are subject to deductibles which have to be incurred by the obligee before the Company is obligated to make payments. The maximum amount of the Company’s contingent obligation for indemnifications related to the sale of businesses that are quantifiable was $ 351 million at December 31, 2024. | text | 351 | monetaryItemType | text: <entity> 351 </entity> <entity type> monetaryItemType </entity type> <context> In the ordinary course of selling businesses to third parties, the Company has agreed to indemnify purchasers for losses arising out of breaches of representations and warranties, obligations arising from certain liabilities and any breach or failure to perform certain covenants with respect to the businesses being sold. Such indemnification provisions generally are applicable from the closing date to the expiration of the relevant statutes of limitations, although, in some cases, there may be agreed upon term limitations or no term limitations. Certain of these contingent obligations are subject to deductibles which have to be incurred by the obligee before the Company is obligated to make payments. The maximum amount of the Company’s contingent obligation for indemnifications related to the sale of businesses that are quantifiable was $ 351 million at December 31, 2024. </context> | us-gaap:GuaranteeObligationsMaximumExposure |
During 2024, the Massachusetts Property Insurance Underwriting Association, a FAIR Plan of which the Company was a member, was restructured from a partnership that shares profits and losses with Member Companies to a joint underwriting association, or JUA, that is a stand-alone, risk-bearing entity. This restructuring included a noncash exchange of the Company’s share of undistributed members’ equity for a beneficial interest in a new Fair Plan Trust which resulted in noncash investing activity totaling $ 32 million. In unrelated transactions, the Company issued common stock during 2024 in connection with its stock compensation plan which resulted in noncash financing transactions totaling $ 32 million from the net share settlement of employee stock options. | text | 32 | monetaryItemType | text: <entity> 32 </entity> <entity type> monetaryItemType </entity type> <context> During 2024, the Massachusetts Property Insurance Underwriting Association, a FAIR Plan of which the Company was a member, was restructured from a partnership that shares profits and losses with Member Companies to a joint underwriting association, or JUA, that is a stand-alone, risk-bearing entity. This restructuring included a noncash exchange of the Company’s share of undistributed members’ equity for a beneficial interest in a new Fair Plan Trust which resulted in noncash investing activity totaling $ 32 million. In unrelated transactions, the Company issued common stock during 2024 in connection with its stock compensation plan which resulted in noncash financing transactions totaling $ 32 million from the net share settlement of employee stock options. </context> | us-gaap:TransferToInvestments |
The Travelers Companies, Inc. (TRV) fully and unconditionally guarantees the payment of all principal, premiums, if any, and interest on certain debt obligations of its subsidiaries TPC and TIGHI. The guarantees pertain to the $ 200 million 7.75 % notes due 2026 and the $ 500 million 6.375 % notes due 2033. | text | 7.75 | percentItemType | text: <entity> 7.75 </entity> <entity type> percentItemType </entity type> <context> The Travelers Companies, Inc. (TRV) fully and unconditionally guarantees the payment of all principal, premiums, if any, and interest on certain debt obligations of its subsidiaries TPC and TIGHI. The guarantees pertain to the $ 200 million 7.75 % notes due 2026 and the $ 500 million 6.375 % notes due 2033. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
The Travelers Companies, Inc. (TRV) fully and unconditionally guarantees the payment of all principal, premiums, if any, and interest on certain debt obligations of its subsidiaries TPC and TIGHI. The guarantees pertain to the $ 200 million 7.75 % notes due 2026 and the $ 500 million 6.375 % notes due 2033. | text | 6.375 | percentItemType | text: <entity> 6.375 </entity> <entity type> percentItemType </entity type> <context> The Travelers Companies, Inc. (TRV) fully and unconditionally guarantees the payment of all principal, premiums, if any, and interest on certain debt obligations of its subsidiaries TPC and TIGHI. The guarantees pertain to the $ 200 million 7.75 % notes due 2026 and the $ 500 million 6.375 % notes due 2033. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
On December 31, 2024, RG Royalties, LLC, a wholly-owned subsidiary of Royal Gold, acquired two royalties for cash consideration of $ 55 million that constitute an aggregate 2.5 % net smelter return ("NSR") royalty (the “Cactus Royalty”) on the Cactus Project from a private seller. The Cactus Project is being developed by Arizona Sonoran Copper Company Inc. (“ASCU”), and is located in Arizona. The Cactus Royalty covers the Cactus East and Cactus West deposits as well as portions of the Parks/Salyer deposit and is subject to a right in favor of ASCU, until July 10, 2025, to buy back 0.5 % of the aggregate 2.5 % royalty for $ 7 million. | text | 55 | monetaryItemType | text: <entity> 55 </entity> <entity type> monetaryItemType </entity type> <context> On December 31, 2024, RG Royalties, LLC, a wholly-owned subsidiary of Royal Gold, acquired two royalties for cash consideration of $ 55 million that constitute an aggregate 2.5 % net smelter return ("NSR") royalty (the “Cactus Royalty”) on the Cactus Project from a private seller. The Cactus Project is being developed by Arizona Sonoran Copper Company Inc. (“ASCU”), and is located in Arizona. The Cactus Royalty covers the Cactus East and Cactus West deposits as well as portions of the Parks/Salyer deposit and is subject to a right in favor of ASCU, until July 10, 2025, to buy back 0.5 % of the aggregate 2.5 % royalty for $ 7 million. </context> | us-gaap:AssetAcquisitionConsiderationTransferred |
The Cactus Royalty acquisition has been accounted for as an asset acquisition. The $ 55 million cash consideration, plus direct acquisition costs, have been recorded as a development stage royalty interest within | text | 55 | monetaryItemType | text: <entity> 55 </entity> <entity type> monetaryItemType </entity type> <context> The Cactus Royalty acquisition has been accounted for as an asset acquisition. The $ 55 million cash consideration, plus direct acquisition costs, have been recorded as a development stage royalty interest within </context> | us-gaap:AssetAcquisitionConsiderationTransferred |
On June 26, 2024, International Royalty Corporation, a wholly-owned subsidiary of Royal Gold, acquired a 0.7 % NSR royalty (the "Hill Royalty") that declines by 50 % after $ 5 million Canadian dollars in royalty revenue is received, and a 26.25 % interest in a 5 % gross smelter return royalty (the "KM Royalty") that is payable after approximately 780,000 ounces have been produced on the Back River Gold Project ("Back River") for aggregate cash consideration of $ 51 million. Payments for the Hill Royalty are deductible from the KM Royalty. Back River is operated by B2Gold Corporation and is located in Western Nunavut, Canada. | text | 51 | monetaryItemType | text: <entity> 51 </entity> <entity type> monetaryItemType </entity type> <context> On June 26, 2024, International Royalty Corporation, a wholly-owned subsidiary of Royal Gold, acquired a 0.7 % NSR royalty (the "Hill Royalty") that declines by 50 % after $ 5 million Canadian dollars in royalty revenue is received, and a 26.25 % interest in a 5 % gross smelter return royalty (the "KM Royalty") that is payable after approximately 780,000 ounces have been produced on the Back River Gold Project ("Back River") for aggregate cash consideration of $ 51 million. Payments for the Hill Royalty are deductible from the KM Royalty. Back River is operated by B2Gold Corporation and is located in Western Nunavut, Canada. </context> | us-gaap:AssetAcquisitionConsiderationTransferred |
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