RETIREMENT BENEFITS (Tables)

9 Months Ended

Sep. 27, 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
	September 27, 2024				September 29, 2023
(In millions)	Pension		Other Benefits		Pension		Other Benefits
Net periodic benefit income
Operating
Service cost	$	8	$	—	$	10	$	—
Non-operating
Interest cost	99		3		100		3
Expected return on plan assets	(165)		(5)		(162)		(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)		(71)		(7)
Net periodic benefit income	$	(66)	$	(6)	$	(61)	$	(7)
	Three Quarters Ended
	September 27, 2024				September 29, 2023
(In millions)	Pension		Other Benefits		Pension		Other Benefits
Net periodic benefit income
Operating
Service cost	$	25	$	1	$	22	$	1
Non-operating
Interest cost	296		8		283		8
Expected return on plan assets	(495)		(15)		(467)		(15)
Amortization of net actuarial gain	(3)		(13)		(7)		(15)
Amortization of prior service (credit) cost	(20)		1		(20)		1
Non-service cost periodic benefit income	(222)		(19)		(211)		(21)
Net periodic benefit income	$	(197)	$	(18)	$	(189)	$	(20)