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PENSION AND OTHER POSTRETIREMENT BENEFITS
 3 Months Ended
Jan. 28, 2024
PENSION AND OTHER POSTRETIREMENT BENEFITS  
PENSION AND OTHER POSTRETIREMENT BENEFITS

(6)  Pension and Other Postretirement Benefits

We have several funded and unfunded defined benefit pension plans and other postretirement benefit (OPEB) plans. These plans cover U.S. employees and certain foreign employees. The components of net periodic pension and OPEB (benefit) cost consisted of the following:

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Three Months Ended 

 

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January 28 

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January 29

 

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2024

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2023

 

Pensions

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​

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​

​

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Service cost

    

$

58

    

$

60

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Interest cost

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​

136

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133

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Expected return on plan assets

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(241)

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(212)

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Amortization of actuarial gain

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(4)

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(5)

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Amortization of prior service cost

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10

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10

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Net benefit

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$

(41)

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$

(14)

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OPEB

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Service cost

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$

5

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$

7

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Interest cost

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43

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43

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Expected return on plan assets

​

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(27)

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(29)

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Amortization of actuarial gain

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(16)

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(16)

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Amortization of prior service credit

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(1)

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(1)

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Net cost

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$

4

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$

4

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The components of net periodic pension and OPEB (benefit) cost excluding the service cost component are included in the line item “Other operating expenses.”

During the first three months of 2024, we contributed and expect to contribute the following amounts to our pension and OPEB plans:

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Pensions

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OPEB

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Contributed

    

$

24

    

$

106

  

Expected contributions remainder of the year

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61

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34

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In December 2023, we contributed $60 to a U.S. non-union Voluntary Employees’ Beneficiary Association trust, which is included in the OPEB contributed amount. The contribution will be used to fund salary postretirement health care benefits during the remainder of 2024.