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Pensions and Other Benefit Plans
 6 Months Ended
Jul. 02, 2023
Retirement Benefits [Abstract]  
Pensions and Other Benefit Plans PENSIONS AND OTHER BENEFIT PLANS
Components of Net Periodic Benefit Cost
Net periodic benefit costs for the Company’s defined benefit retirement plans and other benefit plans include the following components:
Fiscal Second Quarter EndedFiscal Six Months Ended
 Retirement PlansOther Benefit PlansRetirement PlansOther Benefit Plans
(Dollars in Millions)July 2, 2023July 3, 2022July 2, 2023July 3, 2022July 2, 2023July 3, 2022July 2, 2023July 3, 2022
Service cost$216 319 69 80 428 640 137 160 
Interest cost373 229 55 27 727 459 109 53 
Expected return on plan assets(694)(693)(2)(2)(1,362)(1,392)(3)(4)
Amortization of prior service cost/(credit)(46)(46)(1)(2)(92)(92)(1)(3)
Recognized actuarial (gains) losses(50)167 7 31 (100)329 13 61 
Curtailments and settlements— — — — — 1 — — 
Net periodic benefit cost/(credit)$(201)(24)128 134 (399)(55)255 267 

The service cost component of net periodic benefit cost is presented in the same line items on the Consolidated Statement of Earnings where other employee compensation costs are reported, including Cost of products sold, Research and development expense, and Selling, marketing and administrative expenses. All other components of net periodic benefit cost are presented as part of Other (income) expense, net on the Consolidated Statement of Earnings.

Company Contributions
For the fiscal six months ended July 2, 2023, the Company contributed $58 million and $12 million to its U.S. and international retirement plans, respectively. The Company plans to continue to fund its U.S. defined benefit plans to comply with the Pension Protection Act of 2006. International plans are funded in accordance with local regulations.