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PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS
9 Months Ended
Sep. 29, 2023
Retirement Benefits [Abstract]  
PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS
Net periodic benefit cost or income for our pension and other postretirement benefit plans consisted of the following (in millions):
Pension PlansOther Postretirement
Benefit Plans
Three Months Ended
September 29,
2023
September 30,
2022
September 29,
2023
September 30,
2022
Service cost$24 $25 $1 $
Interest cost80 65 6 
Expected return on plan assets1
(119)(132)(3)(4)
Amortization of net actuarial loss (gain)24 26 (1)— 
Net periodic benefit cost (income)$9 $(16)$3 $
1The weighted-average expected long-term rates of return on plan assets used in computing 2023 net periodic benefit cost (income) were 7.00% for pension plans and 3.75% for other postretirement benefit plans.
Pension PlansOther Postretirement
Benefit Plans
Nine Months Ended
September 29,
2023
September 30,
2022
September 29,
2023
September 30,
2022
Service cost$71 $69 $3 $
Interest cost242 167 20 13 
Expected return on plan assets1
(357)(428)(10)(12)
Amortization of prior service cost (credit)1 — (2)(2)
Amortization of net actuarial loss (gain)72 84 (4)— 
Net periodic benefit cost (income)$29 $(108)$7 $
1The weighted-average expected long-term rates of return on plan assets used in computing 2023 net periodic benefit cost (income) were 7.00% for pension plans and 3.75% for other postretirement benefit plans.
All of the amounts in the tables above, other than service cost, were recorded in the line item other income (loss) — net in our consolidated statements of income. During the nine months ended September 29, 2023, the Company contributed $27 million to our pension trusts, and we anticipate making additional contributions of approximately $13 million during the remainder of 2023. The Company contributed $24 million to our pension trusts during the nine months ended September 30, 2022.