Retirement Plans

9 Months Ended

Oct. 02, 2021

Retirement Benefits [Abstract]

Retirement Plans

Retirement Plans

We provide defined benefit pension plans and other postretirement benefits to eligible employees.  The components of net periodic benefit cost (credit) for these plans are as follows:

	Three Months Ended				Nine Months Ended
(In millions)	October 2, 2021		October 3, 2020		October 2, 2021		October 3, 2020
Pension Benefits
Service cost	$	29	$	27	$	87	$	79
Interest cost	62		73		188		220
Expected return on plan assets	(143)		(144)		(431)		(431)
Amortization of net actuarial loss	39		47		116		139
Amortization of prior service cost	4		3		10		9
Net periodic benefit cost (credit)*	$	(9)	$	6	$	(30)	$	16
Postretirement Benefits Other Than Pensions
Service cost	$	1	$	—	$	2	$	2
Interest cost	1		2		4		6
Amortization of net actuarial gain	(1)		(1)		(2)		(1)
Amortization of prior service credit	(2)		(1)		(4)		(4)
Net periodic benefit cost (credit)	$	(1)	$	—	$	—	$	3

* Excludes the cost associated with the defined contribution component, included in certain of our U.S.-based defined benefit pension plans, that totaled $2 million and $8 million for the third quarter and first nine months of 2021, respectively, and $2 million and $8 million for the third quarter and first nine months of 2020, respectively.