v3.26.1
Retirement Benefits
3 Months Ended
Apr. 03, 2026
Retirement Benefits [Abstract]  
Retirement Benefits Retirement Benefits
We have two frozen defined benefit pension plans in the U.S., one frozen and one active plan in the U.K. and one frozen plan in Germany. The components of net periodic pension benefit related to the frozen U.K. pension for the three months ended April 3, 2026 and April 4, 2025, respectively, were as follows:
Three months ended
Dollars in millionsApril 3, 2026April 4, 2025
Components of net periodic pension benefit
Interest cost$16 $15 
Expected return on plan assets(29)(26)
Recognized actuarial loss
Net periodic pension benefit$(9)$(10)
In 2024, the Trustee of the U.K. defined benefit pension plan commenced the triennial actuarial valuation of the plan which was finalized during the year ended January 2, 2026. At this time, we do not anticipate contributing additional funding to this plan at least until the next triennial valuation occurs.