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RETIREMENT BENEFITS (Tables) | 9 Months Ended
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Sep. 27, 2024
Retirement Benefits [Abstract] |
Schedule of Components of Net Benefit Income | 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
| September 27, 2024 |  | September 29, 2023
(In millions) | Pension |  | Other Benefits |  | Pension |  | Other Benefits
Net periodic benefit income |  |  |  |  |  |  |
Operating |  |  |  |  |  |  |
Service cost | $ | 8 |  |  | $ | — |  |  | $ | 10 |  |  | $ | — |
Non-operating |  |  |  |  |  |  |
Interest cost | 99 |  |  | 3 |  |  | 100 |  |  | 3 |
Expected return on plan assets | (165) |  |  | (5) |  |  | (162) |  |  | (5) |
Amortization of net actuarial gain | (1) |  |  | (4) |  |  | (2) |  |  | (5) |
Amortization of prior service credit | (7) |  |  | — |  |  | (7) |  |  | — |
Non-service cost periodic benefit income | (74) |  |  | (6) |  |  | (71) |  |  | (7) |
Net periodic benefit income | $ | (66) |  |  | $ | (6) |  |  | $ | (61) |  |  | $ | (7) |
| Three Quarters Ended
| September 27, 2024 |  | September 29, 2023
(In millions) | Pension |  | Other Benefits |  | Pension |  | Other Benefits
Net periodic benefit income |  |  |  |  |  |  |
Operating |  |  |  |  |  |  |
Service cost | $ | 25 |  |  | $ | 1 |  |  | $ | 22 |  |  | $ | 1 |
Non-operating |  |  |  |  |  |  |
Interest cost | 296 |  |  | 8 |  |  | 283 |  |  | 8 |
Expected return on plan assets | (495) |  |  | (15) |  |  | (467) |  |  | (15) |
Amortization of net actuarial gain | (3) |  |  | (13) |  |  | (7) |  |  | (15) |
Amortization of prior service (credit) cost | (20) |  |  | 1 |  |  | (20) |  |  | 1 |
Non-service cost periodic benefit income | (222) |  |  | (19) |  |  | (211) |  |  | (21) |
Net periodic benefit income | $ | (197) |  |  | $ | (18) |  |  | $ | (189) |  |  | $ | (20) |

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- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 715 -SubTopic 20 -Subparagraph (h) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 + Details
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