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OPERATING GAINS AND NON-OPERATING (GAINS) LOSSES | 6 Months Ended
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Jun. 29, 2025
Other Income and Expenses [Abstract] |
OPERATING GAINS AND NON-OPERATING (GAINS) LOSSES | OPERATING GAINS AND NON-OPERATING (GAINS) LOSSES The following table provides details of operating gains and non-operating (gains) losses.
| Three Months Ended |  | Six Months Ended
| June 29, 2025 |  | June 30, 2024 |  | June 29, 2025 |  | June 30, 2024
| (in millions)
Operating gains: |  |  |  |  |  |  |
Insurance recoveries (1) | $ | (29) |  |  | $ | (1) |  |  | $ | (35) |  |  | $ | (1) |
Gain on disposal of assets | — |  |  | — |  |  | (2) |  |  | (1) |
Other operating gains | (1) |  |  | (1) |  |  | (2) |  |  | (1) |
Operating gains | $ | (30) |  |  | $ | (2) |  |  | $ | (39) |  |  | $ | (3) |
Non-operating (gains) losses: |  |  |  |  |  |  |
Gain on nonqualified retirement plan assets | $ | (8) |  |  | $ | (3) |  |  | $ | (6) |  |  | (9) |
Net pension and postretirement benefits cost (2) | 4 |  |  | 2 |  |  | 8 |  |  | 3 |
Non-operating (gains) losses | $ | (4) |  |  | $ | (2) |  |  | $ | 2 |  |  | $ | (6) |
________________ (1)Consists of a gain recognized in the second quarter of 2025 related to the settlement of a claim against an insurance carrier for losses incurred in connection with past litigation and a gain recognized in the first quarter of 2025 in connection with a 2021 fire at our Tar Heel, North Carolina rendering facility. (2)Includes the components of net pension and postretirement benefits cost other than service cost, which is included in operating profit. These components consist of interest cost, expected return on plan assets, amortization of actuarial gains/losses and prior service costs/credits, and curtailment gains.

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- Definition The entire disclosure for other income or other expense items (both operating and nonoperating). Sources of nonoperating income or nonoperating expense that may be disclosed, include amounts earned from dividends, interest on securities, profits (losses) on securities, net and miscellaneous other income or income deductions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 720 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/720/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 610 -Publisher FASB -URI https://asc.fasb.org/610/tableOfContent + Details
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