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Pension and postretirement benefits | 3 Months Ended
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Mar. 29, 2025
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 Notes to the Consolidated Financial Statements included in the 2024 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 quarters ended March 29, 2025 and March 30, 2024: Pension
| Quarter ended |
(millions) | March 29, 2025 | March 30, 2024 |
Service cost | $ | 2 |  | $ | 2 |  |
Interest cost | 7 |  | 7 |  |
Expected return on plan assets | (8) |  | (9) |  |
Amortization of unrecognized prior service cost | 1 |  | 1 |  |
Total pension expense | $ | 2 |  | $ | 1 |  |
Other nonpension postretirement
| Quarter ended |  |
(millions) | March 29, 2025 | March 30, 2024 |  |  |
Service cost | $ | 1 |  | $ | 1 |  |  |  |
Interest cost | 6 |  | 6 |  |  |  |
Expected return on plan assets | (15) |  | (15) |  |  |  |
Amortization of unrecognized prior service cost | (2) |  | (2) |  |  |  |
Total postretirement benefit income | $ | (10) |  | $ | (10) |  |  |  |
Company contributions to employee benefit plans are summarized as follows:
(millions) | Pension | Nonpension postretirement | Total
Quarter ended: |  |  |
March 29, 2025 | $ | — |  | $ | — |  | $ | — |
March 30, 2024 | $ | 3 |  | $ | — |  | $ | 3 |
Full year: |  |  |
Fiscal year 2025 (projected) | $ | 19 |  | $ | — |  | $ | 19 |
Fiscal year 2024 (actual) | $ | 24 |  | $ | — |  | $ | 24 |
Plan funding strategies may be modified in response to management's evaluation of tax deductibility, market conditions, and competing investment alternatives.

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