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PENSION AND OTHER POSTRETIREMENT BENEFITS
 3 Months Ended
Jan. 26, 2025
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 26

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January 28 

 

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2025

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2024

 

Pensions:

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​

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Service cost

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$

65

    

$

58

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Interest cost

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128

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136

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Expected return on plan assets

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(254)

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(241)

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Amortization of actuarial gain

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(1)

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(4)

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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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$

(52)

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$

(41)

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OPEB:

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Service cost

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$

5

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$

5

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Interest cost

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40

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43

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Expected return on plan assets

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(28)

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(27)

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Amortization of actuarial gain

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(10)

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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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$

6

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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 2025, 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

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$

28

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$

622

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Expected contributions remainder of the year

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72

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38

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In the first quarter of 2025, a committee of our Board of Directors approved and a $520 voluntary contribution was made to a U.S. OPEB plan. This contribution increased plan assets.