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PENSION AND OTHER POSTRETIREMENT BENEFITS (Tables)
6 Months Ended
May 02, 2021
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

Six Months Ended

 

May 2 

May 3 

May 2 

May 3 

 

2021

2020

2021

2020

 

Service cost

    

$

83

    

$

77

    

$

168

    

$

161

Interest cost

69

 

87

138

 

174

Expected return on plan assets

(200)

 

(204)

(400)

 

(409)

Amortization of actuarial loss

65

 

62

128

 

124

Amortization of prior service cost

3

 

3

6

 

6

Settlements

5

 

3

18

 

6

Net cost

$

25

$

28

$

58

$

62

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

 

Three Months Ended

Six Months Ended

 

May 2 

May 3 

May 2 

May 3 

 

2021

2020

2021

2020

 

Service cost

    

$

12

    

$

12

    

$

24

    

$

24

Interest cost

25

 

35

51

 

72

Expected return on plan assets

(20)

 

(12)

(39)

 

(24)

Amortization of actuarial loss

7

 

7

14

 

14

Amortization of prior service credit

(1)

 

(1)

(2)

 

(2)

Curtailments

21

Net cost

$

23

$

41

$

48

$

105