Quarterly report pursuant to Section 13 or 15(d)

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Tables)

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PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Tables)
3 Months Ended
Mar. 29, 2024
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 29,
2024
March 31,
2023
March 29,
2024
March 31,
2023
Service cost $ 27  $ 24  $ 1  $
Interest cost 77  81  4 
Expected return on plan assets1
(118) (119) (2) (4)
Amortization of prior service cost (credit)   —  (1) (1)
Amortization of net actuarial loss (gain) 26  24  (1) (1)
Net periodic benefit cost (income) $ 12  $ 10  $ 1  $
1The weighted-average expected long-term rates of return on plan assets used in computing 2024 net periodic benefit cost (income) were 7.00% for pension plans and 4.50% for other postretirement benefit plans.