PENSION AND OTHER POSTRETIREMENT BENEFITS

6 Months Ended

May 03, 2026

PENSION AND OTHER POSTRETIREMENT BENEFITS

PENSION AND OTHER POSTRETIREMENT BENEFITS

(6) Pension and Other Postretirement Benefits

We have several funded and unfunded defined benefit pension plans and other postretirement benefit (OPEB) plans. These plans cover U.S. employees and certain foreign employees. The components of net periodic pension and OPEB (benefit) cost excluding the service cost component are included in the line item “Other operating expenses.”

The components of net periodic pension and OPEB (benefit) cost consisted of the following:


	Three Months Ended				Six Months Ended
	May 3		April 27		May 3		April 27
	2026		2025		2026		2025
Pensions:
Service cost	$	57	$	60	$	116	$	125
Interest cost		125		129		250		257
Expected return on plan assets		(248)		(244)		(497)		(498)
Amortization of actuarial gain		(3)		(2)		(5)		(3)
Amortization of prior service cost		14		9		24		19
Settlements				3				3
Net benefit	$	(55)	$	(45)	$	(112)	$	(97)

OPEB:
Service cost	$	4	$	4	$	8	$	9
Interest cost		38		38		75		78
Expected return on plan assets		(41)		(27)		(82)		(55)
Amortization of actuarial gain		(10)		(12)		(20)		(22)
Amortization of prior service credit				(1)				(2)
Net (benefit) cost	$	(9)	$	2	$	(19)	$	8

During the first six months of 2026, we contributed and expect to contribute the following amounts to our pension and OPEB plans:


	Pensions		OPEB
Contributed	$	48	$	95
Expected contributions remainder of the year		52		55

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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+ Details