PENSION AND OTHER POSTRETIREMENT BENEFITS

6 Months Ended

Apr. 27, 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:


	Three Months Ended				Six Months Ended
	April 27		April 28		April 27		April 28
	2025		2024		2025		2024
Pensions:
Service cost	$	60	$	57	$	125	$	115
Interest cost		129		138		257		274
Expected return on plan assets		(244)		(241)		(498)		(482)
Amortization of actuarial gain		(2)		(5)		(3)		(9)
Amortization of prior service cost		9		10		19		20
Settlements		3		1		3		1
Net benefit	$	(45)	$	(40)	$	(97)	$	(81)

OPEB:
Service cost	$	4	$	4	$	9	$	9
Interest cost		38		44		78		87
Expected return on plan assets		(27)		(27)		(55)		(54)
Amortization of actuarial gain		(12)		(11)		(22)		(27)
Amortization of prior service credit		(1)		(1)		(2)		(2)
Net cost	$	2	$	9	$	8	$	13

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 six months of 2025, we contributed and expect to contribute the following amounts to our pension and OPEB plans:


	Pensions		OPEB
Contributed	$	56	$	616
Expected contributions remainder of the year		59		44

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 70
-Name Accounting Standards Codification
-Section 50
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480794/715-70-50-1

Reference 2: http://www.xbrl.org/2003/role/exampleRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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+ Details