Pension and Postretirement Benefit Plans

3 Months Ended

Apr. 02, 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.				International				Postretirement Plans
	Three Months Ended
(MILLIONS)	April 2, 2023		April 3, 2022		April 2, 2023		April 3, 2022		April 2, 2023		April 3, 2022
Service cost	$	—	$	—	$	22	$	30	$	3	$	7
Interest cost	148		118		71		42		5		7
Expected return on plan assets	(194)		(245)		(76)		(79)		(11)		(12)
Amortization of prior service cost/(credit)	—		—		—		—		(30)		(36)
Actuarial (gains)/losses	9		(65)		3		—		—		—
Curtailments	—		—		(1)		—		(5)		(13)
Special termination benefits	2		6		—		—		—		—
Net periodic benefit cost/(credit) reported in income	$	(36)	$	(186)	$	18	$	(8)	$	(37)	$	(46)

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 three months ended April 2, 2023, we contributed $85 million, $39 million, and $20 million to our U.S. Pension Plans, International Pension Plans, and Postretirement Plans, respectively, from our general assets, which include direct employer benefit payments.