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Retirement Plans
 9 Months Ended
Sep. 28, 2024
Retirement Benefits [Abstract]  
Retirement Plans RETIREMENT PLANS
The Company sponsors a defined benefit pension plan (the “Retirement Plan”) and a 401(k) savings plan for eligible employees, and provides certain postretirement health and welfare benefits to eligible retirees and their dependents.
In the quarter ending July 1, 2023, the Company issued a notice of intent to terminate the majority of the Retirement Plan. This was previously approved by the Company’s Board of Directors. Effective December 30, 2023, the Retirement Plan was split into the Retirement Plan that is continuing, the “Ongoing Plan”, and the portion of the Retirement Plan that is terminating, the “Terminating Plan.” The Company has commenced the plan termination process for the Terminating Plan and expects all benefits to be settled during 2024, either through a lump-sum payment to participants or the purchase of an annuity offering on behalf of the participants. The Company does not expect to make significant contributions to the Retirement Plan in fiscal year 2024 for the cost of settlement of the Terminating Plan. See Note 19, Subsequent Events for additional information.
The components of net periodic pension benefit costs (credits) for Company sponsored defined benefit plans were as follows:
13 Weeks Ended39 Weeks Ended
September 28, 2024September 30, 2023September 28, 2024September 30, 2023
Components of net periodic pension benefit costs (credits):
Service cost$— $— $1 $1 
Interest cost5 10 15 29 
Expected return on plan assets(5)(12)(15)(36)
Amortization of net loss 1 1 4 3 
Net periodic pension benefit costs (credits)$1 $(1)$5 $(3)
Other postretirement benefit costs were de minimis for both the 13 weeks and 39 weeks ended September 28, 2024 and September 30, 2023.
The service cost component of net periodic benefit costs (credits) is included in distribution, selling and administrative costs, while the other components of net periodic benefit credits are included in other expense (income)—net in the Company’s Consolidated Statements of Comprehensive Income.
The Company does not expect to make significant contributions to its defined benefit pension plan in fiscal year 2024.
Certain employees are eligible to participate in the Company’s 401(k) plan. The Company made employer matching contributions to the 401(k) plan of $21 million and $16 million for the 13 weeks ended September 28, 2024 and September 30, 2023, respectively, and $63 million and $48 million for the 39 weeks ended September 28, 2024 and September 30, 2023, respectively.
The Company is also required to contribute to various multiemployer pension plans under the terms of collective bargaining agreements that cover certain of its union-represented employees. The Company’s contributions to these plans were $15 million and $14 million for the 13 weeks ended September 28, 2024 and September 30, 2023, respectively, and $44 million and $42 million for the 39 weeks ended September 28, 2024 and September 30, 2023, respectively.