Retirement Benefit Plans

3 Months Ended

Jul. 29, 2022

Retirement Benefits [Abstract]

Retirement Benefit Plans

Retirement Benefit Plans

The Company sponsors various retirement benefit plans, including defined benefit pension plans, post-retirement medical plans, defined contribution savings plans, and termination indemnity plans, covering substantially all U.S. employees and many employees outside the U.S. The net periodic benefit cost of the defined benefit pension plans included the following components for the three months ended July 29, 2022 and July 30, 2021:

	U.S.				Non-U.S.
	Three months ended				Three months ended
(in millions)	July 29, 2022		July 30, 2021		July 29, 2022		July 30, 2021
Service cost	$	19	$	25	$	12	$	16
Interest cost	36		26		10		7
Expected return on plan assets	(56)		(57)		(16)		(16)
Amortization of net actuarial loss	5		16		1		5
Net periodic benefit cost	$	4	$	10	$	7	$	12

Components of net periodic benefit cost other than the service component are recognized in other non-operating income, net in the consolidated statements of income.