RETIREMENT BENEFITS (Tables)

6 Months Ended

Jun. 28, 2024

Retirement Benefits [Abstract]

Schedule of Components of Net Benefit Income

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 June 28, 2024				Quarter Ended June 30, 2023
(In millions)	Pension		Other Benefits		Pension		Other Benefits
Net periodic benefit income
Operating
Service cost	$	9	$	1	$	6	$	1
Non-operating
Interest cost	98		2		91		2
Expected return on plan assets	(165)		(5)		(152)		(5)
Amortization of net actuarial gain	(1)		(5)		(3)		(5)
Amortization of prior service (credit) cost	(6)		1		(6)		1
Non-service cost periodic benefit income	(74)		(7)		(70)		(7)
Net periodic benefit income	$	(65)	$	(6)	$	(64)	$	(6)
	Two Quarters Ended June 28, 2024				Two Quarters Ended June 30, 2023
(In millions)	Pension		Other Benefits		Pension		Other Benefits
Net periodic benefit income
Operating
Service cost	$	17	$	1	$	12	$	1
Non-operating
Interest cost	197		5		183		5
Expected return on plan assets	(330)		(10)		(305)		(10)
Amortization of net actuarial gain	(2)		(9)		(5)		(10)
Amortization of prior service (credit) cost	(13)		1		(13)		1
Non-service cost periodic benefit income	(148)		(13)		(140)		(14)
Net periodic benefit income	$	(131)	$	(12)	$	(128)	$	(13)