EMPLOYEE BENEFITS (Tables)

6 Months Ended

Jun. 29, 2024

Retirement Benefits [Abstract]

Components of Plan Benefit Expense

Pension

	Quarter ended				Year-to-date period ended
(millions)	June 29, 2024		July 1, 2023		June 29, 2024		July 1, 2023
Service cost	$	4	$	4	$	8	$	8
Interest cost	35		36		70		72
Expected return on plan assets	(41)		(44)		(82)		(89)
Amortization of unrecognized prior service cost	2		1		4		2
Total pension (income) expense	$	—	$	(3)	$	—	$	(7)

Other nonpension postretirement

	Quarter ended				Year-to-date period ended
(millions)	June 29, 2024		July 1, 2023		June 29, 2024		July 1, 2023
Service cost	$	—	$	1	$	1	$	1
Interest cost	3		4		7		8
Expected return on plan assets	(9)		(9)		(18)		(18)
Amortization of unrecognized prior service cost	(2)		(1)		(3)		(2)
Recognized net (gain) loss	—		—		(13)		—
Total postretirement benefit (income) expense	$	(8)	$	(5)	$	(26)	$	(11)

Contributions to Employee Benefit Plans

Company contributions to employee benefit plans are summarized as follows:

(millions)	Pension		Nonpension postretirement		Total
Quarter ended:
June 29, 2024	$	9	$	1	$	10
July 1, 2023	$	—	$	4	$	4
Year-to-date period ended:
June 29, 2024	$	28	$	4	$	32
July 1, 2023	$	—	$	7	$	7
Full year:
Fiscal year 2024 (projected)	$	46	$	18	$	64
Fiscal year 2023 (actual)	$	25	$	10	$	35