PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Tables)

6 Months Ended

Jun. 28, 2024

Retirement Benefits [Abstract]

Schedule of Net Benefit Costs

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 28, 2024		June 30, 2023		June 28, 2024		June 30, 2023
Service cost	$	26	$	23	$	1	$	1
Interest cost	77		81		5		7
Expected return on plan assets1	(117)		(119)		(2)		(3)
Amortization of prior service cost (credit)	1		1		(1)		(1)
Amortization of net actuarial loss (gain)	25		24		(1)		(2)
Net periodic benefit cost (income)	$	12	$	10	$	2	$	2

1The weighted-average expected long-term rates of return on plan assets used in computing 2024 net periodic benefit cost (income) were 7.00% for pension plans and 4.50% for other postretirement benefit plans.

	Pension Plans				Other Postretirement Benefit Plans
	Six Months Ended
	June 28, 2024		June 30, 2023		June 28, 2024		June 30, 2023
Service cost	$	53	$	47	$	2	$	2
Interest cost	154		162		9		14
Expected return on plan assets1	(235)		(238)		(4)		(7)
Amortization of prior service cost (credit)	1		1		(2)		(2)
Amortization of net actuarial loss (gain)	51		48		(2)		(3)
Net periodic benefit cost (income)	$	24	$	20	$	3	$	4

1The weighted-average expected long-term rates of return on plan assets used in computing 2024 net periodic benefit cost (income) were 7.00% for pension plans and 4.50% for other postretirement benefit plans.