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EMPLOYEE BENEFIT PLANS (Tables)
3 Months Ended
Mar. 29, 2025
Retirement Benefits [Abstract]  
Components of Net Periodic Pension Cost (Benefit)

The components of net periodic pension cost (benefit) for the Company’s North America pension plans are as follows:

 

 

First Quarter

 

(In millions)

 

2025

 

 

2024

 

Interest cost

 

$

7

 

 

$

7

 

Expected return on plan assets

 

 

(6

)

 

 

(7

)

Net periodic pension cost (benefit)

 

$

1

 

 

$

 

The components of net periodic pension cost for the Company’s pension plan in the UK are as follows:

 

 

First Quarter

 

(In millions)

 

2025

 

 

2024

 

Interest cost

 

$

2

 

 

$

2

 

Expected return on plan assets

 

 

(1

)

 

 

(1

)

Net periodic pension cost

 

$

1

 

 

$

1