v3.26.1
Retirement Plans
9 Months Ended
Jun. 26, 2026
Retirement Plans  
Retirement Plans

11. Retirement Plans

The net periodic pension benefit cost (credit) for all non-U.S. and U.S. defined benefit pension plans was as follows:

Non-U.S. Plans

U.S. Plans

For the

For the

Quarters Ended

Quarters Ended

June 26,

June 27,

June 26,

June 27,

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

(in millions)

Operating expense:

Service cost

$

8

$

7

$

1

$

1

Other (income) expense:

Interest cost

 

17

 

16

 

8

 

9

Expected returns on plan assets

 

(15)

 

(14)

 

(11)

 

(11)

Amortization of net actuarial loss

 

2

 

2

 

1

 

1

Amortization of prior service credit

 

(1)

 

(1)

 

 

Net periodic pension benefit cost (credit)

$

11

$

10

$

(1)

$

Non-U.S. Plans

U.S. Plans

For the

For the

Nine Months Ended

Nine Months Ended

June 26,

June 27,

June 26,

June 27,

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

(in millions)

Operating expense:

Service cost

$

23

$

23

$

4

$

5

Other (income) expense:

Interest cost

 

51

 

47

 

25

 

25

Expected returns on plan assets

 

(45)

 

(44)

 

(35)

 

(33)

Amortization of net actuarial loss

 

5

 

6

 

3

 

3

Amortization of prior service credit

 

(3)

 

(3)

 

 

Net periodic pension benefit cost (credit)

$

31

$

29

$

(3)

$

During the nine months ended June 26, 2026, we contributed $35 million and $14 million to our non-U.S. and U.S. pension plans, respectively.