Retirement Plans

6 Months Ended

Jul. 01, 2023

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				Six Months Ended
(In millions)	July 1, 2023		July 2, 2022		July 1, 2023		July 2, 2022
Pension Benefits
Service cost	$	16	$	27	$	33	$	53
Interest cost	91		68		182		137
Expected return on plan assets	(153)		(153)		(305)		(306)
Amortization of net actuarial loss	1		22		1		44
Amortization of prior service cost	3		3		6		6
Net periodic benefit income*	$	(42)	$	(33)	$	(83)	$	(66)
Postretirement Benefits Other Than Pensions
Service cost	$	1	$	—	$	1	$	1
Interest cost	2		2		4		3
Amortization of net actuarial gain	(2)		(1)		(4)		(2)
Amortization of prior service credit	(1)		(1)		(2)		(2)
Net periodic benefit income	$	—	$	—	$	(1)	$	—

* 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 $3 million for the second quarter of 2023 and 2022, respectively, and $6 million and $7 million for the first half of 2023 and 2022, respectively.