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PENSION AND OTHER POST-RETIREMENT BENEFIT PLANS | 6 Months Ended
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Jun. 30, 2024
Retirement Benefits [Abstract] |
PENSION AND OTHER POST-RETIREMENT BENEFIT PLANS | PENSION AND OTHER POST-RETIREMENT BENEFIT PLANS Net Periodic Benefit Cost The components of net periodic benefit cost for the three months ended June 30, 2024 and July 2, 2023 were as follows:
|  | Pension Benefits |  | Other Benefits
|  | Three Months Ended |  | Three Months Ended
|  | June 30, 2024 |  | July 2, 2023 |  | June 30, 2024 |  | July 2, 2023
Service cost |  | $ | 3,836 |  | $ | 3,769 |  | $ | 33 |  | $ | 55
Interest cost |  | 9,646 |  |  | 10,288 |  |  | 1,213 |  |  | 2,097 |
Expected return on plan assets |  | (12,799) |  |  | (12,385) |  |  | — |  |  | — |
Amortization of prior service credit |  | (1,373) |  |  | (1,415) |  |  | (37) |  |  | — |
Amortization of net loss (gain) |  | 3,808 |  |  | 5,020 |  |  | 139 |  |  | (333) |
Settlement loss |  | — |  |  | 4,389 |  |  | — |  |  | — |
Total net periodic benefit cost |  | $ | 3,118 |  |  | $ | 9,666 |  |  | $ | 1,348 |  |  | $ | 1,819 |
We made contributions of $170 and $2,890 to the pension plans and other benefits plans, respectively, during the second quarter of 2024. In the second quarter of 2023, we made contributions of $3,029 and $5,212 to our pension plans and other benefit plans, respectively. The contributions in 2024 and 2023 also included benefit payments from our non-qualified pension plans and post-retirement benefit plans. The components of net periodic benefit cost for the six months ended June 30, 2024 and July 2, 2023 were as follows:
|  | Pension Benefits |  | Other Benefits
|  | Six Months Ended |  | Six Months Ended
|  | June 30, 2024 |  | July 2, 2023 |  | June 30, 2024 |  | July 2, 2023
Service cost |  | $ | 7,685 |  | $ | 7,522 |  | $ | 67 |  | $ | 109
Interest cost |  | 19,333 |  |  | 20,560 |  |  | 2,431 |  |  | 4,190 |
Expected return on plan assets |  | (25,607) |  |  | (24,766) |  |  | — |  |  | — |
Amortization of prior service credit |  | (2,746) |  |  | (2,829) |  |  | (75) |  |  | — |
Amortization of net loss (gain) |  | 7,621 |  |  | 9,987 |  |  | 278 |  |  | (659) |
Settlement loss |  | — |  |  | 4,389 |  |  | — |  |  | — |
Total net periodic benefit cost |  | $ | 6,286 |  |  | $ | 14,863 |  |  | $ | 2,701 |  |  | $ | 3,640 |
We made contributions of $986 and $4,482 to the pension plans and other benefits plans, respectively, during the first six months of 2024. In the first six months of 2023, we made contributions of $3,862 and $10,911 to our pension plans and other benefit plans, respectively. The contributions in 2024 and 2023 also included benefit payments from our non-qualified pension plans and post-retirement benefit plans. The non-service cost components of net periodic benefit cost relating to pension and other post-retirement benefit plans is reflected within other (income) expense, net in the Consolidated Statements of Income (see Note 17).

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