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EMPLOYEE BENEFIT PLANS (Tables)
3 Months Ended
Apr. 01, 2023
Compensation And Retirement Disclosure [Abstract]  
Components of Net Periodic Pension Benefit

The components of net periodic pension benefit for the Company’s North America pension plans are as follows:

 

 

First Quarter

 

(In millions)

 

2023

 

 

2022

 

Service cost

 

$

 

 

$

 

Interest cost

 

 

8

 

 

 

5

 

Expected return on plan assets

 

 

(9

)

 

 

(6

)

Amortization of gain

 

 

(1

)

 

 

 

Net periodic pension benefit

 

$

(2

)

 

$

(1

)

The components of net periodic pension benefit for the Company’s pension plan in the United Kingdom (“UK”) are as follows:

 

 

First Quarter

 

(In millions)

 

2023

 

 

2022

 

Service cost

 

$

 

 

$

 

Interest cost

 

 

2

 

 

 

1

 

Expected return on plan assets

 

 

(2

)

 

 

(2

)

Net periodic pension benefit

 

$

 

 

$

(1

)