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PENSION AND OTHER POSTRETIREMENT BENEFITS (Tables)
9 Months Ended
Aug. 02, 2020
PENSION AND OTHER POSTRETIREMENT BENEFITS  
Schedule of Components of Net Periodic Pension and OPEB Cost

The worldwide components of net periodic pension cost consisted of the following in millions of dollars:

 

Three Months Ended

Nine Months Ended

 

August 2

July 28

August 2

July 28

 

2020

2019

2020

2019

 

Service cost

    

$

80

    

$

65

    

$

241

    

$

197

Interest cost

86

 

112

260

 

334

Expected return on plan assets

(204)

 

(200)

(613)

 

(600)

Amortization of actuarial loss

62

 

35

186

 

106

Amortization of prior service cost

3

 

2

9

 

8

Settlements

6

 

1

12

 

1

Net cost

$

33

$

15

$

95

$

46

The worldwide components of net periodic OPEB cost consisted of the following in millions of dollars:

 

Three Months Ended

Nine Months Ended

 

August 2

July 28

August 2

July 28

 

2020

2019

2020

2019

 

Service cost

    

$

12

    

$

11

    

$

36

    

$

31

Interest cost

34

 

53

106

 

160

Expected return on plan assets

(12)

 

(8)

(36)

 

(26)

Amortization of actuarial loss

7

 

4

21

 

12

Amortization of prior service credit

(1)

 

(19)

(3)

 

(55)

Curtailments

21

Net cost

$

40

$

41

$

145

$

122