PENSION AND OTHER POSTRETIREMENT BENEFITS

3 Months Ended

Mar. 31, 2022

Retirement Benefits [Abstract]

PENSION AND OTHER POSTRETIREMENT BENEFITS

NOTE 4. PENSIONS AND OTHER POSTRETIREMENT BENEFITS

We sponsor funded and unfunded domestic and foreign defined benefit pension and other postretirement benefit (OPEB) plans. Contributions to these plans were as follows:

	Three months ended
In millions	March 31, 2022		April 4, 2021
Defined benefit pension contributions	$	33	$	42
OPEB payments, net	10		9
Defined contribution pension plans	36		35

We anticipate making additional defined benefit pension contributions during the remainder of 2022 of $17 million for our U.S. and U.K. qualified and non-qualified pension plans. These contributions may be made from trusts or company funds either to increase pension assets or to make direct benefit payments to plan participants. We expect our 2022 annual net periodic pension cost to approximate $31 million.

The components of net periodic pension and OPEB costs under our plans were as follows:

	Pension
	U.S. Plans				U.K. Plans				OPEB
	Three months ended
In millions	March 31, 2022		April 4, 2021		March 31, 2022		April 4, 2021		March 31, 2022		April 4, 2021
Service cost	$	34	$	35	$	8	$	8	$	—	$	—
Interest cost	22		19		9		8		1		1
Expected return on plan assets	(52)		(50)		(20)		(21)		—		—
Recognized net actuarial loss	6		12		1		8		—		—
Net periodic benefit cost (credit)	$	10	$	16	$	(2)	$	3	$	1	$	1