RETIREMENT BENEFITS

3 Months Ended

Mar. 29, 2024

Retirement Benefits [Abstract]

RETIREMENT BENEFITS

NOTE H: RETIREMENT BENEFITS

The following tables provide the components of our net periodic benefit income for our defined benefit plans, including defined benefit pension plans and other postretirement benefit (“OPEB”) plans:

	Quarter Ended March 29, 2024				Quarter Ended March 31, 2023
(In millions)	Pension		Other Benefits		Pension		Other Benefits
Net periodic benefit income
Operating
Service cost	$	8	$	—	$	6	$	—
Non-operating
Interest cost	99		3		92		3
Expected return on plan assets	(165)		(5)		(153)		(5)
Amortization of net actuarial gain	(1)		(4)		(2)		(5)
Amortization of prior service credit	(7)		—		(7)		—
Non-service cost periodic benefit income	(74)		(6)		(70)		(7)
Net periodic benefit income	$	(66)	$	(6)	$	(64)	$	(7)

The service cost component of net periodic benefit income is included in the “Cost of revenue” and “General and administrative expenses” line items in our Condensed Consolidated Statement of Operations. The non-service cost components of net periodic benefit income are included in the “Non-service FAS pension income and other, net” line item in our Condensed Consolidated Statement of Operations.