v3.25.2
OPERATING GAINS AND NON-OPERATING (GAINS) LOSSES
6 Months Ended
Jun. 29, 2025
Other Income and Expenses [Abstract]  
OPERATING GAINS AND NON-OPERATING (GAINS) LOSSES OPERATING GAINS AND NON-OPERATING (GAINS) LOSSES
The following table provides details of operating gains and non-operating (gains) losses.
Three Months EndedSix Months Ended
June 29,
2025
June 30,
2024
June 29,
2025
June 30,
2024
(in millions)
Operating gains:
Insurance recoveries (1)
$(29)$(1)$(35)$(1)
Gain on disposal of assets— — (2)(1)
Other operating gains(1)(1)(2)(1)
Operating gains$(30)$(2)$(39)$(3)
Non-operating (gains) losses:
Gain on nonqualified retirement plan assets$(8)$(3)$(6)(9)
Net pension and postretirement benefits cost (2)
Non-operating (gains) losses
$(4)$(2)$$(6)
________________
(1)Consists of a gain recognized in the second quarter of 2025 related to the settlement of a claim against an insurance carrier for losses incurred in connection with past litigation and a gain recognized in the first quarter of 2025 in connection with a 2021 fire at our Tar Heel, North Carolina rendering facility.
(2)Includes the components of net pension and postretirement benefits cost other than service cost, which is included in operating profit. These components consist of interest cost, expected return on plan assets, amortization of actuarial gains/losses and prior service costs/credits, and curtailment gains.