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Pensions and Other Benefit Plans
 3 Months Ended
Mar. 30, 2025
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 First Quarter Ended
 Retirement PlansOther Benefit Plans
(Dollars in Millions)March 30, 2025March 31, 2024March 30, 2025March 31, 2024
Service cost$2142247269
Interest cost3513525452
Expected return on plan assets(587)(642)(2)(2)
Amortization of prior service cost/(credit)
(46)(46)——
Recognized actuarial (gains)/losses83431613
Net periodic benefit cost/(credit)$15(69)140132
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 three months ended March 30, 2025, the Company contributed $34 million and $4 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.