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POSTRETIREMENT BENEFIT PLANS
 6 Months Ended
Jun. 30, 2024
Retirement Benefits [Abstract]  
POSTRETIREMENT BENEFIT PLANS POSTRETIREMENT BENEFIT PLANS
FAS income
The pretax FAS income related to our qualified defined benefit pension plans and retiree medical and life insurance plans consisted of the following (in millions):
 Quarters EndedSix Months Ended
 June 30,
2024		June 25
2023		June 30,
2024		June 25
2023
Qualified defined benefit pension plans
Operating:
Service cost$(15)$(16)$(30)$(32)
Non-operating:
Interest cost (350)(365)(699)(730)
Expected return on plan assets 393 431 786 861 
Amortization of actuarial losses (65)(42)(130)(84)
Amortization of prior service credits 37 87 74 174 
Non-service FAS pension income15 111 31 221 
Total FAS pension income$— $95 $1 $189 
Retiree medical and life insurance plans
Operating:
Service cost$(1)$(2)$(2)$(3)
Non-operating:
Interest cost (16)(17)(32)(34)
Expected return on plan assets 27 26 54 52 
Amortization of actuarial gains9 8 18 16 
Amortization of prior service costs (1)(2)(2)(5)
Non-service FAS retiree medical and life income19 15 38 29 
Total FAS retiree medical and life income$18 $13 $36 $26 
We record the service cost component of FAS income for our qualified defined benefit pension plans and retiree medical and life insurance plans in the cost of sales accounts; the non-service components of our FAS income for our qualified defined benefit pension plans in the non-service FAS pension income account; and the non-service components of our FAS income for our retiree medical and life insurance plans as part of the other non-operating income, net account on our consolidated statements of earnings.
The amortization of net actuarial losses or gains and prior service credits or costs in the table above, along with similar costs related to our other postretirement benefit plans ($4 million and $8 million for the quarter and six months ended June 30, 2024 and $4 million and $7 million for the quarter and six months ended June 25, 2023) were reclassified from accumulated other comprehensive loss (AOCL) and recorded as a component of FAS income for the periods presented. These costs totaled $24 million ($19 million, net of tax) and $48 million, ($38 million, net of tax) during the quarter and six months ended June 30, 2024, and $(47) million ($(37) million, net of tax) and $(94) million ($(74) million, net of tax) during the quarter and six months ended June 25, 2023.
Funding Requirements
The required funding of our qualified defined benefit pension plans is determined in accordance with the Employee Retirement Income Security Act of 1974 (ERISA), as amended, along with consideration of CAS and Internal Revenue Code rules. We made no contributions to our qualified defined benefit pension plans during the quarters and six months ended June 30, 2024 and June 25, 2023.