Defined Benefit Plans (Tables)

3 Months Ended

Apr. 02, 2021

Defined Benefit Plan Disclosure [Line Items]

Schedule of Defined Benefit Plans Disclosures

The net periodic benefit cost of the noncontributory defined benefit pension plans and other postretirement employee benefit plans incurred during the three-month periods ended April 2, 2021 and April 3, 2020 are reflected in the following captions in the accompanying Consolidated Condensed Statements of Earnings ($ in millions):

	Three-Month Period Ended
	April 2, 2021		April 3, 2020
Service cost:
Cost of sales	$	(2)	$	(1)
Selling, general and administrative expenses	(9)		(5)
Total service cost	(11)		(6)
Other net periodic benefit costs:
Other income (expense), net	11		5
Total expense	$	—	$	(1)

Defined benefit pension plans

Defined Benefit Plan Disclosure [Line Items]

Schedule of Net Benefit Costs

The following sets forth the components of the Company’s net periodic benefit (cost) of the noncontributory defined benefit pension plans ($ in millions):

	Three-Month Period Ended
	April 2, 2021		April 3, 2020
U.S. pension benefits:
Service cost	$	—	$	—
Interest cost	(12)		(17)
Expected return on plan assets	31		29
Amortization of actuarial loss	(11)		(9)
Net periodic pension benefit	$	8	$	3
Non-U.S. pension benefits:
Service cost	$	(11)	$	(6)
Interest cost	(5)		(4)
Expected return on plan assets	11		9
Amortization of actuarial loss	(3)		(2)
Net periodic pension cost	$	(8)	$	(3)

Other postretirement benefit plans

Defined Benefit Plan Disclosure [Line Items]

Schedule of Net Benefit Costs

The following sets forth the components of the Company’s net periodic benefit cost of the other postretirement employee benefit plans ($ in millions):

	Three-Month Period Ended
	April 2, 2021		April 3, 2020
Service cost	$	—	$	—
Interest cost	(1)		(1)
Amortization of prior service credit	1		—
Net periodic cost	$	—	$	(1)