Quarterly report pursuant to Section 13 or 15(d)

Pension and Other Postretirement Benefit Plans (Details)

v3.21.2
Pension and Other Postretirement Benefit Plans (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jul. 02, 2021
Jun. 26, 2020
Jul. 02, 2021
Jun. 26, 2020
Net periodic pension and other Postretirement benefit cost        
Contributions to pension plan     $ 18 $ 8
Expected Future Employer Contributions, Next Fiscal Year $ 9   9  
Pension Benefits        
Net periodic pension and other Postretirement benefit cost        
Service cost 25 $ 28 49 56
Interest cost 47 59 91 118
Expected return on plan assets (151) (145) (302) (292)
Amortization of prior service cost (credit)     0 0
Amortization of net actuarial loss 33 42 80 85
Net periodic benefit cost (income) (46) (16) (82) (33)
Settlement charges 29 0 83 0
Total cost (income) recognized in condensed consolidated statements of income $ (17) (16) $ 1 (33)
Weighted-Average Expected Long-term Rate of Return on Plan Assets 7.25%   7.25%  
Other Benefits        
Net periodic pension and other Postretirement benefit cost        
Service cost $ 3 3 $ 5 6
Interest cost 3 5 7 11
Expected return on plan assets (5) (4) (9) (8)
Amortization of prior service cost (credit)     (1) (1)
Amortization of net actuarial loss 0 1 1 2
Net periodic benefit cost (income) 1 5 3 10
Settlement charges 0 0 0 0
Total cost (income) recognized in condensed consolidated statements of income $ 1 $ 5 $ 3 $ 10
Weighted-Average Expected Long-term Rate of Return on Plan Assets 4.25%   4.25%