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PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Tables)

3 Months Ended

Mar. 31, 2023

Retirement Benefits [Abstract]

Defined Contribution Plan Disclosures

Net periodic benefit cost or income for our pension and other postretirement benefit plans consisted of the following (in millions):

			Pension Plans									Other Postretirement Benefit Plans
			Three Months Ended
			March 31, 2023			April 1, 2022						March 31, 2023			April 1, 2022
Service cost			$	24		$	22					$	1		$	2
Interest cost			81			51						7			4
Expected return on plan assets1			(119)			(149)						(4)			(4)
Amortization of prior service credit			—			—						(1)			(1)
Amortization of net actuarial loss (gain)			24			29						(1)			—
Net periodic benefit cost (income)			$	10		$	(47)					$	2		$	1

1The weighted-average expected long-term rates of return on plan assets used in computing 2023 net periodic benefit cost (income) were 7.00 percent for pension plans and 3.75 percent for other postretirement benefit plans.

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- References

No definition available.

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- Definition

Tabular disclosure of defined contribution pension plans or defined contribution other postretirement plans, separately for pension plans and other postretirement benefit plans.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 70
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=49170846&loc=d3e28014-114942

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