v3.26.1
PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Tables)
3 Months Ended
Apr. 03, 2026
Retirement Benefits [Abstract]  
Schedule of Net Benefit Costs
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
April 3,
2026
March 28,
2025
April 3,
2026
March 28,
2025
Service cost$26 $26 $1 $
Interest cost76 75 2 
Expected return on plan assets1
(98)(104)(1)(1)
Amortization of prior service cost (credit)1 — (1)(1)
Amortization of net actuarial loss (gain)21 25  — 
Curtailment loss (gain)2
 11  — 
Special termination benefits2
 25  — 
Net periodic benefit cost (income)$26 $58 $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 curtailment loss and special termination benefits were primarily related to the benefit uplifts provided by the Company to active participants pursuant to the group 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.