Quarterly report pursuant to Section 13 or 15(d)

Pension and Other Postretirement Benefit Plans (Details)

v3.21.1
Pension and Other Postretirement Benefit Plans (Details) - USD ($)
$ in Millions
 3 Months Ended
Apr. 02, 2021
Mar. 27, 2020
Net periodic pension and other Postretirement benefit cost    
Contributions to pension plan $ 5 $ 7
Expected Future Employer Contributions, Next Fiscal Year 22  
Pension Benefits    
Net periodic pension and other Postretirement benefit cost    
Service cost 24 28
Interest cost 44 59
Expected return on plan assets (151) (147)
Amortization of prior service cost (credit) 0 0
Amortization of net actuarial loss 47 43
Net periodic benefit cost (income) (36) (17)
Settlement charges 54 0
Total cost (income) recognized in condensed consolidated statements of income $ 18 (17)
Weighted-Average Expected Long-term Rate of Return on Plan Assets 7.25%  
Other Benefits    
Net periodic pension and other Postretirement benefit cost    
Service cost $ 2 3
Interest cost 4 6
Expected return on plan assets (4) (4)
Amortization of prior service cost (credit) (1) (1)
Amortization of net actuarial loss 1 1
Net periodic benefit cost (income) 2 5
Settlement charges 0 0
Total cost (income) recognized in condensed consolidated statements of income $ 2 $ 5
Weighted-Average Expected Long-term Rate of Return on Plan Assets 4.25%