Quarterly report pursuant to Section 13 or 15(d)

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Tables)

v3.23.3
PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Tables)
 9 Months Ended
Sep. 29, 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
September 29,
2023		 September 30,
2022		 September 29,
2023		 September 30,
2022
Service cost $ 24  $ 25  $ 1  $ 2 
Interest cost 80  65  6  4 
Expected return on plan assets1
(119) (132) (3) (4)
Amortization of net actuarial loss (gain) 24  26  (1) — 
Net periodic benefit cost (income) $ 9  $ (16) $ 3  $ 2 
1The weighted-average expected long-term rates of return on plan assets used in computing 2023 net periodic benefit cost (income) were 7.00% for pension plans and 3.75% for other postretirement benefit plans.
Pension Plans Other Postretirement
Benefit Plans
Nine Months Ended
September 29,
2023		 September 30,
2022		 September 29,
2023		 September 30,
2022
Service cost $ 71  $ 69  $ 3  $ 5 
Interest cost 242  167  20  13 
Expected return on plan assets1
(357) (428) (10) (12)
Amortization of prior service cost (credit) 1  —  (2) (2)
Amortization of net actuarial loss (gain) 72  84  (4) — 
Net periodic benefit cost (income) $ 29  $ (108) $ 7  $ 4 
1The weighted-average expected long-term rates of return on plan assets used in computing 2023 net periodic benefit cost (income) were 7.00% for pension plans and 3.75% for other postretirement benefit plans.