Pensions (Tables)

6 Months Ended

Jul. 02, 2023

Retirement Benefits [Abstract]

Components of Net Periodic Benefit Cost

Net periodic benefit costs for the Company’s defined benefit retirement plans and other benefit plans sponsored by the Company for 2022, 2021 and 2020 include the following components:

	Retirement Plans						Other Benefit Plans
(Dollars in Millions)	2022		2021		2020		2022		2021		2020
Service cost	$	8	$	7	$	6	$	—	$	—	$	—
Interest cost	4		2		3		—		1		—
Recognized actuarial losses (gain)	4		6		5		—		(1)		—
Curtailments and settlements	—		—		1		—		—		—
Expected return on plan assets	(1)		—		—		—		—		—
Net periodic benefit cost	$	15	$	15	$	15	$	—	$	—	$	—

Net periodic benefit costs for the Company’s defined benefit retirement plans sponsored by the Company for the fiscal three and six months ended July 2, 2023 and July 3, 2022, included the following components:

	Fiscal Three Months Ended				Fiscal Six Months Ended
(Dollars in Millions)	July 2, 2023		July 3, 2022		July 2, 2023		July 3, 2022
Service cost	$	5	$	2	$	10	$	4
Interest cost	7		1		10		2
Recognized actuarial gain	—		1		—		2
Expected return on plan assets	(7)		—		(10)		—
Net periodic benefit cost	$	5	$	4	$	10	$	8