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PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Tables)

3 Months Ended

Mar. 29, 2024

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 29, 2024			March 31, 2023						March 29, 2024			March 31, 2023
Service cost			$	27		$	24					$	1		$	1
Interest cost			77			81						4			7
Expected return on plan assets1			(118)			(119)						(2)			(4)
Amortization of prior service cost (credit)			—			—						(1)			(1)
Amortization of net actuarial loss (gain)			26			24						(1)			(1)
Net periodic benefit cost (income)			$	12		$	10					$	1		$	2

1The weighted-average expected long-term rates of return on plan assets used in computing 2024 net periodic benefit cost (income) were 7.00% for pension plans and 4.50% 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
-Name Accounting Standards Codification
-Topic 715
-SubTopic 70
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480794/715-70-50-1

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