v3.26.3
RETIREMENT BENEFITS - Schedule of Components of Net Benefit Income (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Oct. 02, 2026
Oct. 03, 2025
Oct. 02, 2026
Oct. 03, 2025
Operating        
Service cost $ 4 $ 7 $ 15 $ 20
Non-operating        
Interest cost 73 80 218 250
Expected return on plan assets (138) (142) (413) (439)
Amortization of net actuarial gains (3) (4) (11) (14)
Amortization of prior service (credits) costs (6) (7) (18) (19)
Effect of settlements     0 (14)
Non-service cost net periodic benefit income [1] (74) (73) (224) (236)
Net periodic benefit income (70) (66) (209) (216)
Pension        
Operating        
Service cost 4 7 14 19
Non-operating        
Interest cost 70 77 211 242
Expected return on plan assets (133) (136) (397) (423)
Amortization of net actuarial gains 0 (1) (2) (4)
Amortization of prior service (credits) costs (6) (7) (19) (20)
Effect of settlements     0 (14)
Non-service cost net periodic benefit income (69) (67) (207) (219)
Net periodic benefit income (65) (60) (193) (200)
Other Benefits        
Operating        
Service cost 0 0 1 1
Non-operating        
Interest cost 3 3 7 8
Expected return on plan assets (5) (6) (16) (16)
Amortization of net actuarial gains (3) (3) (9) (10)
Amortization of prior service (credits) costs 0 0 1 1
Effect of settlements     0 0
Non-service cost net periodic benefit income (5) (6) (17) (17)
Net periodic benefit income $ (5) $ (6) $ (16) $ (16)
[1] “FAS” is defined as Financial Accounting Standards.