Quarterly report pursuant to Section 13 or 15(d)

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Tables)

v3.23.1
PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Tables)
 3 Months Ended
Mar. 31, 2023
Retirement Benefits [Abstract]  
Defined Contribution Plan Disclosures
Net periodic benefit cost or income for our pension and other postretirement benefit plans consisted of the following (in millions):
Pension Plans Other Postretirement
Benefit Plans
Three Months Ended
March 31,
2023		 April 1,
2022		 March 31,
2023		 April 1,
2022
Service cost $ 24  $ 22  $ 1  $ 2 
Interest cost 81  51  7  4 
Expected return on plan assets1
(119) (149) (4) (4)
Amortization of prior service credit —  —  (1) (1)
Amortization of net actuarial loss (gain) 24  29  (1) — 
Net periodic benefit cost (income) $ 10  $ (47) $ 2  $ 1 
1The weighted-average expected long-term rates of return on plan assets used in computing 2023 net periodic benefit cost (income) were 7.00 percent for pension plans and 3.75 percent for other postretirement benefit plans.