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Retirement Plans | 6 Months Ended
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Jul. 03, 2022
Retirement Benefits [Abstract] |
Retirement Plans | RETIREMENT PLANS We provide retirement benefits to eligible employees through a variety of plans: •Defined contribution •Defined benefit ◦Pension (qualified and non-qualified) ◦Other post-retirement benefit For our defined benefit plans, net periodic benefit credit for the three- and six-month periods ended July 3, 2022, and July 4, 2021, consisted of the following:
| Pension Benefits | Other Post-retirement Benefits
Three Months Ended | July 3, 2022 |  | July 4, 2021 | July 3, 2022 |  | July 4, 2021
Service cost | $ | 26 |  |  | $ | 29 |  | $ | 2 |  |  | $ | 3 |
Interest cost | 100 |  |  | 90 |  | 5 |  |  | 4 |
Expected return on plan assets | (227) |  |  | (241) |  | (8) |  |  | (9) |
Net actuarial loss (gain) | 53 |  |  | 80 |  | (5) |  |  | — |
Prior service (credit) cost | (5) |  |  | (5) |  | 1 |  |  | — |
Net periodic benefit credit | $ | (53) |  |  | $ | (47) |  | $ | (5) |  |  | $ | (2) |
Six Months Ended |  |  |  |  |  |
Service cost | $ | 52 |  |  | $ | 59 |  | $ | 3 |  |  | $ | 5 |
Interest cost | 200 |  |  | 180 |  | 10 |  |  | 9 |
Expected return on plan assets | (455) |  |  | (482) |  | (16) |  |  | (18) |
Net actuarial loss (gain) | 107 |  |  | 183 |  | (9) |  |  | — |
Prior service (credit) cost | (10) |  |  | (10) |  | 1 |  |  | — |
Net periodic benefit credit | $ | (106) |  |  | $ | (70) |  | $ | (11) |  |  | $ | (4) |
Our contractual arrangements with the U.S. government provide for the recovery of pension and other post-retirement benefit costs related to employees working on government contracts. As we expect to recover these costs, we defer them in other contract costs in other current assets on the Consolidated Balance Sheet until they can be allocated to contracts, which is generally after they are paid. To the extent there is a non-service component of net periodic benefit credit for our defined benefit plans, it is reported in other income (expense) in the Consolidated Statement of Earnings.

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