Pension and Other Benefit Programs

9 Months Ended

Jul. 03, 2021

Retirement Benefits [Abstract]

Pension and Other Benefit Programs

Pension and Other Benefit Programs

The components of net periodic benefit cost are as follows:

	Pension Plans								Postretirement Medical Plans
	Quarter Ended				Nine Months Ended				Quarter Ended				Nine Months Ended
	July 3, 2021		June 27, 2020		July 3, 2021		June 27, 2020		July 3, 2021		June 27, 2020		July 3, 2021		June 27, 2020
Service costs	$	108	$	102	$	325	$	307	$	3	$	3	$	8	$	8
Other costs (benefits):
Interest costs	114		133		343		399		12		14		35		42
Expected return on plan assets	(275)		(273)		(824)		(819)		(14)		(14)		(41)		(43)
Amortization of previously deferred service costs	2		3		8		10		—		—		—		—
Recognized net actuarial loss	186		131		557		393		7		3		22		10
Total other costs (benefits)	27		(6)		84		(17)		5		3		16		9
Net periodic benefit cost	$	135	$	96	$	409	$	290	$	8	$	6	$	24	$	17

During the nine months ended July 3, 2021, the Company made $0.6 billion of contributions to its pension and postretirement medical plans. The Company currently does not expect to make any additional material contributions to its pension and postretirement medical plans during the remainder of fiscal 2021. However, final minimum funding requirements for fiscal 2021 will be determined based on a January 1, 2021 funding actuarial valuation, which is expected to be received by the end of the fourth quarter of fiscal 2021.