v3.24.3
PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Tables)
 9 Months Ended
Sep. 27, 2024
Retirement Benefits [Abstract]  
Schedule of Net Benefit Costs
Net periodic benefit cost or income for our pension and other postretirement benefit plans consisted of the following (in millions):
Pension PlansOther Postretirement
Benefit Plans
Three Months Ended
September 27,
2024		September 29,
2023		September 27,
2024		September 29,
2023
Service cost$26 $24 $1 $1 
Interest cost77 80 3 6 
Expected return on plan assets1
(118)(119)(1)(3)
Amortization of prior service cost (credit)— — (1)— 
Amortization of net actuarial loss (gain)26 24 (1)(1)
Settlement loss (gain)— — (19)— 
Net periodic benefit cost (income)$11 $9 $(18)$3 
1The weighted-average expected long-term rates of return on plan assets used in computing 2024 net periodic benefit cost (income) were 7.00% for pension plans and 4.50% for other postretirement benefit plans.
Pension PlansOther Postretirement
Benefit Plans
Nine Months Ended
September 27,
2024		September 29,
2023		September 27,
2024		September 29,
2023
Service cost$79 $71 $3 $3 
Interest cost231 242 12 20 
Expected return on plan assets1
(353)(357)(5)(10)
Amortization of prior service cost (credit)1 1 (3)(2)
Amortization of net actuarial loss (gain)77 72 (3)(4)
Settlement loss (gain)— — (19)— 
Net periodic benefit cost (income)$35 $29 $(15)$7 
1The weighted-average expected long-term rates of return on plan assets used in computing 2024 net periodic benefit cost (income) were 7.00% for pension plans and 4.50% for other postretirement benefit plans.