Employee Benefits (Tables)

6 Months Ended

Jul. 02, 2022

Retirement Benefits [Abstract]

Components of Plan Benefit Expense

Pension

	Quarter ended				Year-to-date period ended
(millions)	July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021
Service cost	$	8	$	9	$	17	$	18
Interest cost	28		25		57		50
Expected return on plan assets	(72)		(77)		(143)		(155)
Amortization of unrecognized prior service cost	3		2		5		4
Recognized net (gain) loss	(10)		(11)		(31)		(20)
Total pension (income) expense	$	(43)	$	(52)	$	(95)	$	(103)

Other nonpension postretirement

	Quarter ended				Year-to-date period ended
(millions)	July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021
Service cost	$	3	$	3	$	6	$	6
Interest cost	6		5		12		10
Expected return on plan assets	(27)		(23)		(55)		(46)
Amortization of unrecognized prior service cost	(3)		(2)		(5)		(4)
Total postretirement benefit (income) expense	$	(21)	$	(17)	$	(42)	$	(34)

Postemployment

	Quarter ended				Year-to-date period ended
(millions)	July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021
Service cost	$	1	$	1	$	2	$	2
Recognized net experience (gain) loss	(1)		(1)		(2)		(2)
Total postemployment benefit expense	$	—	$	—	$	—	$	—

Contributions to Employee Benefit Plans

Company contributions to employee benefit plans are summarized as follows:

(millions)	Pension		Nonpension postretirement		Total
Quarter ended:
July 2, 2022	$	—	$	5	$	5
July 3, 2021	$	1	$	7	$	8
Year-to-date period ended:
July 2, 2022	$	1	$	11	$	12
July 3, 2021	$	2	$	8	$	10
Full year:
Fiscal year 2022 (projected)	$	3	$	17	$	20
Fiscal year 2021 (actual)	$	4	$	16	$	20