POSTRETIREMENT BENEFIT PLANS (Tables)

6 Months Ended

Jun. 25, 2023

Retirement Benefits [Abstract]

Schedule of Pretax Net Periodic Benefit Cost

The pretax FAS income (expense) related to our qualified defined benefit pension plans and retiree medical and life insurance plans consisted of the following (in millions):

	Quarters Ended				Six Months Ended
	June 25, 2023		June 26, 2022		June 25, 2023		June 26, 2022
Qualified defined benefit pension plans
Operating:
Service cost	$	(16)	$	(24)	$	(32)	$	(48)
Non-operating:
Interest cost	(365)		(303)		(730)		(605)
Expected return on plan assets	431		503		861		1,005
Amortization of actuarial losses	(42)		(151)		(84)		(301)
Amortization of prior service credits	87		90		174		180
Pension settlement charge	—		(1,470)		—		(1,470)
Non-service FAS pension income (expense)	111		(1,331)		221		(1,191)
Total FAS pension income (expense)	$	95	$	(1,355)	$	189	$	(1,239)
Retiree medical and life insurance plans
Operating:
Service cost	$	(2)	$	(2)	$	(3)	$	(4)
Non-operating:
Interest cost	(17)		(12)		(34)		(24)
Expected return on plan assets	26		34		52		68
Amortization of actuarial gains	8		12		16		23
Amortization of prior service costs	(2)		(7)		(5)		(14)
Non-service FAS retiree medical and life income	15		27		29		53
Total FAS retiree medical and life income	$	13	$	25	$	26	$	49