PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS

3 Months Ended

Mar. 31, 2023

Retirement Benefits [Abstract]

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS

NOTE I: PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS

The following tables provide the components of our net periodic benefit income for our defined benefit plans, including defined benefit pension plans and other postretirement defined benefit plans:

	Quarter Ended March 31, 2023				Quarter Ended April 1, 2022
(In millions)	Pension		Other Benefits		Pension		Other Benefits
Net periodic benefit income
Operating
Service cost	$	6	$	—	$	10	$	1
Non-operating
Interest cost	92		3		55		2
Expected return on plan assets	(153)		(5)		(156)		(5)
Amortization of net actuarial (gain) loss	(2)		(5)		2		(2)
Amortization of prior service credit	(7)		—		(6)		—
Non-service cost periodic benefit income	(70)		(7)		(105)		(5)
Net periodic benefit income	$	(64)	$	(7)	$	(95)	$	(4)

The service cost component of net periodic benefit income is included in the “Cost of product sales and services” and “Engineering, selling and administrative expenses” line items in our Condensed Consolidated Statement of Operations. The non-service cost components of net periodic benefit income are included in the “Non-operating income, net” line item in our Condensed Consolidated Statement of Operations.