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PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS | 3 Months Ended
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Mar. 28, 2025
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 Plans |  | Other Postretirement Benefit Plans
| Three Months Ended
| March 28, 2025 | March 29, 2024 |  | March 28, 2025 | March 29, 2024
Service cost | $ | 26 |  | $ | 27 |  |  | $ | 1 |  | $ | 1 |
Interest cost | 75 |  | 77 |  |  | 3 |  | 4 |
Expected return on plan assets 1 | (104) |  | (118) |  |  | (1) |  | (2) |
Amortization of prior service cost (credit) | — |  | — |  |  | (1) |  | (1) |
Amortization of net actuarial loss (gain) | 25 |  | 26 |  |  | — |  | (1) |
Curtailment loss (gain)2 | 11 |  | — |  |  | — |  | — |
Special termination benefits 2 | 25 |  | — |  |  | — |  | — |
Net periodic benefit cost (income) | $ | 58 |  | $ | 12 |  |  | $ | 2 |  | $ | 1 |
1 The weighted-average expected long-term rates of return on plan assets used in computing 2025 net periodic benefit cost (income) were 7.00% for pension plans and 6.75% for other postretirement benefit plans. 2 The curtailment loss and special termination benefits were related to the group annuity purchase (“buy-in”) for a non-U.S. defined benefit plan. The Company intends to convert the buy-in to a buy-out in the future, at which time the insurer would assume full responsibility for the plan obligations. All of the amounts in the table above, other than service cost, were recorded in the line item other income (loss) — net in our consolidated statements of income. During the three months ended March 28, 2025, the Company contributed $11 million to our pension trusts, offset by a $61 million transfer of surplus non-U.S. plan assets from pension trusts to general assets of the Company. We anticipate making additional contributions of approximately $18 million during the remainder of 2025. The Company contributed $6 million to our pension trusts, offset by a $44 million transfer of surplus non-U.S. plan assets from pension trusts to general assets of the Company during the three months ended March 29, 2024.

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