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Pensions and Other Benefit Plans
 9 Months Ended
Oct. 01, 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 Third Quarter EndedFiscal Nine Months Ended
 Retirement PlansOther Benefit PlansRetirement PlansOther Benefit Plans
(Dollars in Millions)October 1, 2023October 2, 2022October 1, 2023October 2, 2022October 1, 2023October 2, 2022October 1, 2023October 2, 2022
Service cost$210 313 61 80 638 953 198 240 
Interest cost363 226 51 26 1,090 685 160 79 
Expected return on plan assets(680)(683)(1)(2)(2,042)(2,075)(4)(6)
Amortization of prior service cost/(credit)(47)(46)— (1)(139)(138)(1)(4)
Recognized actuarial (gains) losses(50)163 4 30 (150)492 17 91 
Curtailments and settlements72 — (9)— 72 1 (9)— 
Net periodic benefit cost/(credit)$(132)(27)106 133 (531)(82)361 400 
Net periodic benefit cost (credit) for pension and other benefit plans in the third quarter and first nine months of 2023 includes expenses for curtailments and settlements in connection with the separation of Kenvue. In addition, approximately $0.1 billion of net pension liabilities were transferred to Kenvue.

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, Selling, marketing and administrative expenses, and Net earnings from discontinued operations, net of taxes if related to the separation of Kenvue. All other components of net periodic benefit cost are presented as part of Other (income) expense, net on the Consolidated Statement of Earnings, with the exception of certain amounts for curtailments and settlements, which are reported in Net earnings from discontinued operations, net of taxes if related to the separation of Kenvue (as noted above).

Company Contributions
For the fiscal nine months ended October 1, 2023, the Company contributed $92 million and $18 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.