v3.25.2
Retirement Plans
 6 Months Ended
Jun. 29, 2025
Retirement Benefits [Abstract]  
Retirement Plans RETIREMENT PLANS
We provide retirement benefits to eligible employees through a variety of plans:
•Defined contribution
•Defined benefit
◦Pension (qualified and non-qualified)
◦Other post-retirement benefit
For our defined benefit plans, net periodic benefit cost (credit) for the three- and six-month periods ended June 29, 2025, and June 30, 2024, consisted of the following:
Pension BenefitsOther Post-retirement Benefits
Three Months EndedJune 29, 2025June 30, 2024June 29, 2025June 30, 2024
Service cost$17 $18 $1 $1 
Interest cost150 157 6 7 
Expected return on plan assets(185)(205)(9)(9)
Net actuarial loss (gain)27 49 (8)(8)
Prior service (credit) cost(2)(1)1 — 
Net periodic benefit cost (credit) $7 $18 $(9)$(9)
Six Months Ended
Service cost$35 $37 $2 $2 
Interest cost299 314 13 14 
Expected return on plan assets(369)(411)(18)(17)
Net actuarial loss (gain)54 98 (16)(16)
Prior service (credit) cost(3)(3)1 1 
Net periodic benefit cost (credit)$16 $35 $(18)$(16)
Our contractual arrangements with the U.S. government provide for the recovery of pension and other post-retirement benefit costs related to employees working on government contracts. The amount allocated to U.S. government contracts is determined in accordance with the Federal Acquisition Regulation (FAR) and Cost Accounting Standards (CAS), which may result in a timing difference with the amount determined under GAAP. We defer this difference on the Consolidated Balance Sheet. At this time, cumulative benefit costs exceed the amount allocated to contracts, and the difference is reported in other current assets. To the extent there is a non-service component of net periodic benefit cost (credit) for our defined benefit plans, it is reported in other income (expense) in the Consolidated Statement of Earnings.