PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Tables)

6 Months Ended

Jun. 30, 2023

Retirement Benefits [Abstract]

Defined Contribution Plan Disclosures

Net periodic benefit cost or income for our pension and other postretirement benefit plans consisted of the following (in millions):

	Pension Plans				Other Postretirement Benefit Plans
	Three Months Ended
	June 30, 2023		July 1, 2022		June 30, 2023		July 1, 2022
Service cost	$	23	$	22	$	1	$	1
Interest cost	81		51		7		5
Expected return on plan assets1	(119)		(147)		(3)		(4)
Amortization of prior service cost (credit)	1		—		(1)		(1)
Amortization of net actuarial loss (gain)	24		29		(2)		—
Net periodic benefit cost (income)	$	10	$	(45)	$	2	$	1

1The weighted-average expected long-term rates of return on plan assets used in computing 2023 net periodic benefit cost (income) were 7.00 percent for pension plans and 3.75 percent for other postretirement benefit plans.

	Pension Plans				Other Postretirement Benefit Plans
	Six Months Ended
	June 30, 2023		July 1, 2022		June 30, 2023		July 1, 2022
Service cost	$	47	$	44	$	2	$	3
Interest cost	162		102		14		9
Expected return on plan assets1	(238)		(296)		(7)		(8)
Amortization of prior service cost (credit)	1		—		(2)		(2)
Amortization of net actuarial loss (gain)	48		58		(3)		—
Net periodic benefit cost (income)	$	20	$	(92)	$	4	$	2

1The weighted-average expected long-term rates of return on plan assets used in computing 2023 net periodic benefit cost (income) were 7.00 percent for pension plans and 3.75 percent for other postretirement benefit plans.