POSTRETIREMENT BENEFIT PLANS (Tables)

3 Months Ended

Mar. 27, 2022

Retirement Benefits [Abstract]

Schedule of Pretax Net Periodic Benefit Cost

The pretax FAS (expense) income related to our qualified defined benefit pension plans and retiree medical and life insurance plans consisted of the following (in millions):

	Quarters Ended
	March 27, 2022		March 28, 2021
Qualified defined benefit pension plans
Operating:
Service cost	$	(24)	$	(27)
Non-operating:
Interest cost	(302)		(311)
Expected return on plan assets	502		569
Recognized net actuarial losses	(150)		(252)
Amortization of prior service credits	90		87
Non-service FAS pension income	140		93
Total FAS pension income	$	116	$	66
Retiree medical and life insurance plans
Operating:
Service cost	$	(2)	$	(3)
Non-operating:
Interest cost	(12)		(13)
Expected return on plan assets	34		35
Recognized net actuarial gains	11		—
Amortization of prior service costs	(7)		(9)
Non-service FAS retiree medical and life income	26		13
Total FAS retiree medical and life income	$	24	$	10