The components of non-operating income were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Quarter Ended | | Two Quarters Ended | (In millions) | July 2, 2021 | | July 3, 2020 | | July 2, 2021 | | July 3, 2020 | | | | | | | | | Pension adjustment(1) | $ | 114 | | | $ | 98 | | | $ | 225 | | | $ | 195 | | | | | | | | | | | | | | | | | | Impairment of equity method investment | (35) | | | — | | | (35) | | | — | | Other | 7 | | | 7 | | | 13 | | | 5 | | Total non-operating income | $ | 86 | | | $ | 105 | | | $ | 203 | | | $ | 200 | | ______________ (1)Pension adjustment recorded in the “Non-operating income” line item in our Condensed Consolidated Statement of Income (Unaudited) represents the non-service component of net periodic pension and postretirement benefit costs, which includes interest cost, expected return on plan assets, amortization of net actuarial gain and effect of curtailments or settlements.
|