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Employee Benefits (Tables)
6 Months Ended
Jul. 02, 2022
Employee Benefits  
Schedule of net periodic benefit cost for all plans

Three Months Ended

Six Months Ended

July 2,

July 3,

July 2,

July 3,

 

(Millions of dollars)

    

2022

    

2021

    

2022

    

2021

 

Components of net periodic benefit cost:

Service cost

$

2

$

2

$

4

$

5

Interest cost

 

3

 

2

 

5

 

4

Expected return on plan assets

 

(4)

 

(3)

 

(7)

 

(6)

Amortization

 

1

 

3

 

3

 

5

Settlement loss recognized

3

3

Net periodic benefit cost

$

2

$

7

$

5

$

11