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PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS
 9 Months Ended
Oct. 02, 2026
Retirement Benefits [Abstract]  
PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS
Net periodic benefit cost or income for our pension and other postretirement benefit plans consisted of the following (in millions):
Pension PlansOther Postretirement
Benefit Plans
Three Months Ended
October 2,
2026		September 26,
2025		October 2,
2026		September 26,
2025
Service cost$26 $26 $1 $1 
Interest cost74 76 2 3 
Expected return on plan assets1
(94)(106)(1)(1)
Amortization of prior service cost (credit)1 1 (1)(1)
Amortization of net actuarial loss (gain)21 25 — (1)
Settlement loss (gain)2
167 — — — 
Special termination benefits3
25 — — — 
Net periodic benefit cost (income)$220 $22 $1 $1 
1The weighted-average expected long-term rates of return on plan assets used in computing 2026 net periodic benefit cost (income) were 6.25% for pension plans and 6.75% for other postretirement benefit plans.
2The settlement loss is related to the buy-out of a non-U.S. defined benefit plan.
3The special termination benefits represent benefit uplifts provided to plan participants included in the buy-out.
Pension PlansOther Postretirement
Benefit Plans
Nine Months Ended
October 2,
2026		September 26,
2025		October 2,
2026		September 26,
2025
Service cost$78 $77 $2 $3 
Interest cost225 225 7 8 
Expected return on plan assets1
(289)(314)(3)(3)
Amortization of prior service cost (credit)2 1 (2)(2)
Amortization of net actuarial loss (gain)64 76 — (1)
Settlement loss (gain)2
167 — — — 
Curtailment loss (gain)3
— 11 — — 
Special termination benefits4
25 25 — — 
Net periodic benefit cost (income)$272 $101 $4 $5 
1The weighted-average expected long-term rates of return on plan assets used in computing 2026 net periodic benefit cost (income) were 6.25% for pension plans and 6.75% for other postretirement benefit plans.
2The settlement loss is related to the buy-out of a non-U.S. defined benefit plan.
3The curtailment loss was primarily related to the buy-in annuity purchase (“buy-in”) for a non-U.S. defined benefit plan. The Company intends to convert the buy-in to a buy-out in the future, at which time the insurer would assume full responsibility for the plan obligations.
4The special termination benefits represent benefit uplifts provided to plan participants included in the 2026 buy-out and the 2025 buy-in.
All of the amounts in the tables above, other than service cost, were recorded in the line item other income (loss) — net in our consolidated statements of income. During the nine months ended October 2, 2026, the Company contributed $18 million to our pension trusts, offset by a $218 million transfer of surplus non-U.S. plan assets from pension trusts to general assets of the Company. We anticipate making additional contributions of approximately $9 million during the remainder of 2026. The Company contributed $23 million to our pension trusts, offset by a $331 million transfer of surplus non-U.S. plan assets from pension trusts to general assets of the Company during the nine months ended September 26, 2025.