Retirement Plans

3 Months Ended

Apr. 02, 2022

Retirement Benefits [Abstract]

Retirement Plans

Retirement PlansWe provide defined benefit pension plans and other postretirement benefits to eligible employees.  The components of net periodic benefit income for these plans are as follows:

	Three Months Ended
(In millions)	April 2, 2022		April 3, 2021
Pension Benefits
Service cost	$	27	$	29
Interest cost	68		63
Expected return on plan assets	(153)		(144)
Amortization of net actuarial loss	22		39
Amortization of prior service cost	3		3
Net periodic benefit income*	$	(33)	$	(10)
Postretirement Benefits Other Than Pensions
Service cost	$	1	$	1
Interest cost	1		1
Amortization of net actuarial gain	(1)		(1)
Amortization of prior service credit	(1)		(1)
Net periodic benefit income	$	—	$	—

* Excludes the cost associated with the defined contribution component, included in certain of our U.S.-based defined benefit pension plans, that totaled $4 million and $3 million for the first quarter of 2022 and 2021, respectively.