v3.25.3
Retirement Plans
 9 Months Ended
Sep. 28, 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 nine-month periods ended September 28, 2025, and September 29, 2024, consisted of the following:
Pension BenefitsOther Post-retirement Benefits
Three Months EndedSeptember 28, 2025September 29, 2024September 28, 2025September 29, 2024
Service cost$18 $19 $1 $1 
Interest cost149 157 7 7 
Expected return on plan assets(184)(206)(8)(8)
Net actuarial loss (gain)26 48 (8)(7)
Prior service (credit) cost(1)(2)— 1 
Net periodic benefit cost (credit) $8 $16 $(8)$(6)
Nine Months Ended
Service cost$53 $56 $3 $3 
Interest cost448 471 20 21 
Expected return on plan assets(553)(617)(26)(25)
Net actuarial loss (gain)80 146 (24)(23)
Prior service (credit) cost(4)(5)1 2 
Net periodic benefit cost (credit)$24 $51 $(26)$(22)
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, the amount allocated to contracts exceeds cumulative benefit costs, resulting in a deferred credit that is reported in other noncurrent liabilities. 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.