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RETIREMENT BENEFITS | 6 Months Ended
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Jun. 27, 2025
Retirement Benefits [Abstract] |
RETIREMENT BENEFITS | NOTE H: RETIREMENT BENEFITS The components of net periodic benefit income for our defined benefit pension plans and other postretirement benefit plans (“other benefits”) (collectively, “defined benefit plans”) were as follows:
| Second Quarter
| 2025 |  | 2024
(In millions) | Pension |  | Other Benefits |  | Total |  | Pension |  | Other Benefits |  | Total
Operating |  |  |  |  |  |  |  |  |  |  |
Service cost(1) | $ | 6 |  |  | $ | 1 |  |  | $ | 7 |  |  | $ | 9 |  |  | $ | 1 |  |  | $ | 10 |
Non-operating |  |  |  |  |  |  |  |  |  |  |
Interest cost | 77 |  |  | 2 |  |  | 79 |  |  | 98 |  |  | 2 |  |  | 100 |
Expected return on plan assets | (136) |  |  | (5) |  |  | (141) |  |  | (165) |  |  | (5) |  |  | (170) |
Amortization of net actuarial gains | (2) |  |  | (4) |  |  | (6) |  |  | (1) |  |  | (5) |  |  | (6) |
Amortization of prior service (credits) costs | (6) |  |  | 1 |  |  | (5) |  |  | (6) |  |  | 1 |  |  | (5) |
Non-service cost net periodic benefit income(2) | (67) |  |  | (6) |  |  | (73) |  |  | (74) |  |  | (7) |  |  | (81) |
Net periodic benefit income | $ | (61) |  |  | $ | (5) |  |  | $ | (66) |  |  | $ | (65) |  |  | $ | (6) |  |  | $ | (71) |
| Year to Date
| 2025 |  | 2024
(In millions) | Pension |  | Other Benefits |  | Total |  | Pension |  | Other Benefits |  | Total
Operating |  |  |  |  |  |  |  |  |  |  |
Service cost(1) | $ | 12 |  |  | $ | 1 |  |  | $ | 13 |  |  | $ | 17 |  |  | $ | 1 |  |  | $ | 18 |
Non-operating |  |  |  |  |  |  |  |  |  |  |
Interest cost | 165 |  |  | 5 |  |  | 170 |  |  | 197 |  |  | 5 |  |  | 202 |
Expected return on plan assets | (287) |  |  | (10) |  |  | (297) |  |  | (330) |  |  | (10) |  |  | (340) |
Amortization of net actuarial gains | (3) |  |  | (7) |  |  | (10) |  |  | (2) |  |  | (9) |  |  | (11) |
Amortization of prior service (credits) costs | (13) |  |  | 1 |  |  | (12) |  |  | (13) |  |  | 1 |  |  | (12) |
Effect of settlements | (14) |  |  | — |  |  | (14) |  |  | — |  |  | — |  |  | — |
Non-service cost net periodic benefit income(2) | (152) |  |  | (11) |  |  | (163) |  |  | (148) |  |  | (13) |  |  | (161) |
Net periodic benefit income | $ | (140) |  |  | $ | (10) |  |  | $ | (150) |  |  | $ | (131) |  |  | $ | (12) |  |  | $ | (143) |
______________ (1)Included in the “Cost of revenue” and “General and administrative expenses” line items in our Condensed Consolidated Statement of Operations. (2)Included in the “Non-service FAS pension income and other, net” line item in our Condensed Consolidated Statement of Operations. Pension Group Annuity Purchase In first quarter 2025, we executed nonparticipating single premium group annuity contracts to transfer $1.2 billion of our Consolidated Pension Plan benefit obligation to an insurance provider. For additional information, see the “Pension Group Annuity Purchase” heading in Note H: Retirement Benefits in our Form 10-Q for first quarter 2025

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