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RETIREMENT BENEFITS | 6 Months Ended
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Jun. 28, 2024
Retirement Benefits [Abstract] |
RETIREMENT BENEFITS | NOTE H: RETIREMENT BENEFITS The following tables provide the components of our net periodic benefit income for our defined benefit plans, including defined benefit pension plans and other postretirement benefit (“OPEB”) plans:
| Quarter Ended June 28, 2024 |  | Quarter Ended June 30, 2023
(In millions) | Pension |  | Other Benefits |  | Pension |  | Other Benefits
Net periodic benefit income |  |  |  |  |  |  |
Operating |  |  |  |  |  |  |
Service cost | $ | 9 |  |  | $ | 1 |  |  | $ | 6 |  |  | $ | 1 |
Non-operating |  |  |  |  |  |  |
Interest cost | 98 |  |  | 2 |  |  | 91 |  |  | 2 |
Expected return on plan assets | (165) |  |  | (5) |  |  | (152) |  |  | (5) |
Amortization of net actuarial gain | (1) |  |  | (5) |  |  | (3) |  |  | (5) |
Amortization of prior service (credit) cost | (6) |  |  | 1 |  |  | (6) |  |  | 1 |
Non-service cost periodic benefit income | (74) |  |  | (7) |  |  | (70) |  |  | (7) |
Net periodic benefit income | $ | (65) |  |  | $ | (6) |  |  | $ | (64) |  |  | $ | (6) |
| Two Quarters Ended June 28, 2024 |  | Two Quarters Ended June 30, 2023
(In millions) | Pension |  | Other Benefits |  | Pension |  | Other Benefits
Net periodic benefit income |  |  |  |  |  |  |
Operating |  |  |  |  |  |  |
Service cost | $ | 17 |  |  | $ | 1 |  |  | $ | 12 |  |  | $ | 1 |
Non-operating |  |  |  |  |  |  |
Interest cost | 197 |  |  | 5 |  |  | 183 |  |  | 5 |
Expected return on plan assets | (330) |  |  | (10) |  |  | (305) |  |  | (10) |
Amortization of net actuarial gain | (2) |  |  | (9) |  |  | (5) |  |  | (10) |
Amortization of prior service (credit) cost | (13) |  |  | 1 |  |  | (13) |  |  | 1 |
Non-service cost periodic benefit income | (148) |  |  | (13) |  |  | (140) |  |  | (14) |
Net periodic benefit income | $ | (131) |  |  | $ | (12) |  |  | $ | (128) |  |  | $ | (13) |
The service cost component of net periodic benefit income is included in the “Cost of revenue” and “General and administrative expenses” line items in our Condensed Consolidated Statement of Operations. The non-service cost components of net periodic benefit income are included in the “Non-service FAS pension income and other, net” line item in our Condensed Consolidated Statement of Operations.

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