v3.25.2
EMPLOYEE BENEFIT PLANS (Tables)
 6 Months Ended
Jun. 28, 2025
Retirement Benefits [Abstract]  
Components of Net Periodic Pension Cost (Benefit)

The components of net periodic pension cost (benefit) for the Company’s North America pension plans are as follows:

 

 

Second Quarter

 

 

First Half

 

(In millions)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Interest cost

 

$

7

 

 

$

7

 

 

$

14

 

 

$

14

 

Expected return on plan assets

 

 

(7

)

 

 

(7

)

 

 

(13

)

 

 

(14

)

Amortization of net gains

 

 

—

 

 

 

(1

)

 

 

—

 

 

 

(1

)

Net periodic pension cost (benefit)

 

$

—

 

 

$

(1

)

 

$

1

 

 

$

(1

)

The components of net periodic pension cost for the Company’s pension plan in the UK are as follows:

 

 

Second Quarter

 

 

First Half

 

(In millions)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Interest cost

 

$

2

 

 

$

2

 

 

$

4

 

 

$

4

 

Expected return on plan assets

 

 

(2

)

 

 

(2

)

 

 

(3

)

 

 

(3

)

Amortization of loss

 

 

1

 

 

 

1

 

 

 

1

 

 

 

1

 

Net periodic pension cost

 

$

1

 

 

$

1

 

 

$

2

 

 

$

2