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Pension and postretirement benefits
 6 Months Ended
Jun. 29, 2024
Retirement Benefits [Abstract]  
Pension and postretirement benefits Pension and postretirement benefits
The Company sponsors a pension plan in the United States and several plans in the United States and Canada that provide health care and other welfare benefits to retired employees who have met certain age and service requirements. These plans are described within the footnotes to the Consolidated Financial Statements included in the 2023 Annual Report. Components of Company benefit plans (income) expense for the periods presented are included in the tables below. Excluding the service cost component, these amounts are included within OIE in the Unaudited Consolidated Statement of Income.
The following tables present the pension expense and nonpension postretirement income directly attributable to the Company for the quarter and year-to-date period ended June 29, 2024:
Pension
 Quarter endedYear-to-date period ended
(millions)June 29, 2024June 29, 2024
Service cost$2 $4 
Interest cost7 14 
Expected return on plan assets(9)(18)
Amortization of unrecognized prior service cost1 2 
Total pension expense$1 $2 
Other nonpension postretirement
 Quarter endedYear-to-date period ended
(millions)June 29, 2024June 29, 2024
Service cost$1 $2 
Interest cost6 12 
Expected return on plan assets(15)(30)
Amortization of unrecognized prior service cost(2)(4)
Total postretirement benefit income$(10)$(20)
For the quarter and year-to-date period ended July 1, 2023, there were no direct pension and nonpension postretirement costs. The following table summarizes the expenses that were allocated to the Company's plans prior to the Spin-Off:
Quarter endedYear-to-date period ended
(millions)July 1, 2023July 1, 2023
Pension plan:
   Shared plans (multiemployer)Cost allocation - COGS$2 $4 
Cost allocation - OIE— — 
Total pension expense$2 $4 
Nonpension postretirement plan:
   Shared plans (multiemployer)Cost allocation - COGS$1 $2 
Cost allocation - OIE(10)(20)
Total postretirement benefit income$(9)$(18)

Company contributions to employee benefit plans are summarized as follows:

(millions)PensionNonpension postretirementTotal
Quarter ended:
June 29, 2024$7 $— $7 
July 1, 2023$— $— $— 
Year-to-date period ended:
June 29, 2024$10 $— $10 
July 1, 2023$— $— $— 
Full year:
Fiscal year 2024 (projected) (a)
$24 $— $24 
Fiscal year 2023 (actual)$— $— $— 
(a)Projected 2024 amounts have been corrected from $0 million as previously disclosed in our 2023 Annual Report to $24 million.
Plan funding strategies may be modified in response to management's evaluation of tax deductibility, market conditions, and competing investment alternatives.