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PENSION AND OTHER POSTRETIREMENT BENEFITS (Tables)
9 Months Ended
Aug. 01, 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

Nine Months Ended

 

August 1

August 2

August 1

August 2

 

2021

2020

2021

2020

 

Service cost

    

$

83

    

$

80

    

$

251

    

$

241

Interest cost

69

 

86

207

 

260

Expected return on plan assets

(199)

 

(204)

(599)

 

(613)

Amortization of actuarial loss

64

 

62

192

 

186

Amortization of prior service cost

2

 

3

8

 

9

Settlements

4

 

6

22

 

12

Net cost

$

23

$

33

$

81

$

95

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

 

Three Months Ended

Nine Months Ended

 

August 1

August 2

August 1

August 2

 

2021

2020

2021

2020

 

Service cost

    

$

12

    

$

12

    

$

36

    

$

36

Interest cost

25

 

34

76

 

106

Expected return on plan assets

(19)

 

(12)

(58)

 

(36)

Amortization of actuarial loss

7

 

7

21

 

21

Amortization of prior service credit

(1)

 

(1)

(3)

 

(3)

Curtailments

21

Net cost

$

24

$

40

$

72

$

145