Defined Benefit Plans (Tables)

9 Months Ended

Oct. 01, 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 and nine-month periods ended October 1, 2021 and October 2, 2020 are reflected in the following captions in the accompanying Consolidated Condensed Statements of Earnings ($ in millions):

	Three-Month Period Ended				Nine-Month Period Ended
	October 1, 2021		October 2, 2020		October 1, 2021		October 2, 2020
Service cost:
Cost of sales	$	(1)	$	(3)	$	(5)	$	(7)
Selling, general and administrative expenses	(10)		(8)		(28)		(21)
Total service cost	(11)		(11)		(33)		(28)
Other net periodic benefit costs:
Other income (expense), net	9		4		31		14
Total expense	$	(2)	$	(7)	$	(2)	$	(14)

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				Nine-Month Period Ended
	October 1, 2021		October 2, 2020		October 1, 2021		October 2, 2020
U.S. pension benefits:
Service cost	$	—	$	—	$	—	$	—
Interest cost	(11)		(17)		(34)		(51)
Expected return on plan assets	31		30		93		90
Amortization of actuarial loss	(12)		(10)		(34)		(28)
Amortization of prior service cost	(1)		—		(1)		(1)
Net periodic pension benefit	$	7	$	3	$	24	$	10
Non-U.S. pension benefits:
Service cost	$	(11)	$	(11)	$	(33)	$	(28)
Interest cost	(5)		(5)		(15)		(15)
Expected return on plan assets	10		9		32		27
Amortization of actuarial loss	(2)		(2)		(8)		(7)
Amortization of prior service credit	1		—		1		1
Curtailment and settlement gains (losses) recognized	(1)		—		(1)		—
Net periodic pension cost	$	(8)	$	(9)	$	(24)	$	(22)

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