EMPLOYEE BENEFIT PLANS (Tables)

6 Months Ended

Jul. 01, 2023

Retirement Benefits [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:

	Second Quarter						First Half
(In millions)	2023			2022			2023			2022
Service cost	$	—		$	—		$	—		$	—
Interest cost		8			5			16			11
Expected return on plan assets		(8	)		(7	)		(17	)		(13	)
Amortization of gain		(2	)		—			(3	)		—
Net periodic pension benefit	$	(2	)	$	(2	)	$	(4	)	$	(2	)

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

	Second Quarter						First Half
(In millions)	2023			2022			2023			2022
Service cost	$	—		$	—		$	—		$	—
Interest cost		1			1			3			2
Expected return on plan assets		(1	)		(2	)		(3	)		(3	)
Net periodic pension benefit	$	—		$	(1	)	$	—		$	(1	)