Quarterly report pursuant to Section 13 or 15(d)

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Details)

v3.23.2
PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jul. 01, 2022
Jun. 30, 2023
Jul. 01, 2022
Net periodic pension and other Postretirement benefit cost        
Contributions to pension plan     $ 23 $ 19
Expected Future Employer Contributions, Next Fiscal Year $ 12   12  
Pension Benefits        
Net periodic pension and other Postretirement benefit cost        
Service cost 23 $ 22 47 44
Interest cost 81 51 162 102
Expected return on plan assets (119) (147) (238) (296)
Amortization of prior service cost (credit) 1 0 1 0
Amortization of net actuarial loss 24 29 48 58
Net periodic benefit cost (income) $ 10 (45) $ 20 (92)
Weighted-Average Expected Long-term Rate of Return on Plan Assets 7.00%   7.00%  
Other Benefits        
Net periodic pension and other Postretirement benefit cost        
Service cost $ 1 1 $ 2 3
Interest cost 7 5 14 9
Expected return on plan assets (3) (4) (7) (8)
Amortization of prior service cost (credit) (1) (1) (2) (2)
Amortization of net actuarial loss (2) 0 (3) 0
Net periodic benefit cost (income) $ 2 $ 1 $ 4 $ 2
Weighted-Average Expected Long-term Rate of Return on Plan Assets 3.75%   3.75%