XML 30 R18.htm IDEA: XBRL DOCUMENT v3.23.3
Pension and Postretirement Benefit Plans
 9 Months Ended
Oct. 01, 2023
Retirement Benefits [Abstract]  
Pension and Postretirement Benefit Plans Pension and Postretirement Benefit Plans
The following summarizes the components of net periodic benefit cost/(credit):
 Pension Plans
 U.S.InternationalPostretirement
Plans
Three Months Ended
(MILLIONS)Oct. 1, 2023Oct. 2, 2022Oct. 1, 2023Oct. 2, 2022Oct. 1, 2023Oct. 2, 2022
Service cost$— $— $21 $29 $3 $7 
Interest cost147 151 73 38 5 7 
Expected return on plan assets(194)(195)(77)(72)(11)(12)
Amortization of prior service cost/(credit)— — — — (29)(31)
Actuarial (gains)/losses(a)
(11)(193)— — — — 
Curtailments— — — — — (1)
Special termination benefits— 1 — — — — 
Net periodic benefit cost/(credit) reported in income$(58)$(235)$17 $(6)$(32)$(30)
 Pension Plans
 U.S.InternationalPostretirement
Plans
Nine Months Ended
(MILLIONS)Oct. 1, 2023Oct. 2, 2022Oct. 1, 2023Oct. 2, 2022Oct. 1, 2023Oct. 2, 2022
Service cost$— $— $65 $89 $9 $22 
Interest cost442 387 216 121 16 21 
Expected return on plan assets(583)(685)(229)(229)(33)(35)
Amortization of prior service cost/(credit)1 1 — (1)(90)(99)
Actuarial (gains)/losses(a)
4 231 3 — — — 
Curtailments— — (1)— (12)(14)
Special termination benefits6 8 — — — 1 
Net periodic benefit cost/(credit) reported in income$(131)$(57)$53 $(20)$(109)$(106)
(a)The third quarter of 2022 mainly reflected interim actuarial remeasurement gains, primarily driven by an increase in the discount rate, partially offset by unfavorable plan asset performance. The first nine months of 2022 mainly reflected interim actuarial remeasurement losses, primarily driven by unfavorable plan asset performance, partially offset by gains due to an increase in the discount rate.
The components of net periodic benefit cost/(credit) other than the service cost component are primarily included in Other (income)/deductions––net (see Note 4).
For the nine months ended October 1, 2023, we contributed $125 million, $128 million, and $28 million to our U.S. Pension Plans, International Pension Plans, and Postretirement Plans, respectively, from our general assets, which include direct employer benefit payments.