Postretirement Benefit Plans (Tables)

6 Months Ended

Jul. 03, 2020

Retirement Benefits [Abstract]

Schedule of Components of Net Periodic Benefit Cost

The following tables provide the components of our net periodic benefit income for our defined benefit plans, including defined benefit pension plans and other postretirement defined benefit plans:

	Quarter Ended July 3, 2020				Two Quarters Ended July 3, 2020
	Pension		Other Benefits		Pension		Other Benefits
	(In millions)
Net periodic benefit income
Service cost	$	16	$	1	$	32	$	1
Interest cost	68		2		137		4
Expected return on plan assets	(157)		(5)		(315)		(10)
Amortization of net actuarial loss (gain)	3		(1)		5		(1)
Amortization of prior service credit	(7)		—		(14)		—
Contractual termination benefits(1)	—		—		1		—
Net periodic benefit income	$	(77)	$	(3)	$	(154)	$	(6)

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(1)Contractual termination benefits related to facility rationalization as part of restructuring activities in connection with the L3Harris Merger integration. See Note E — Restructuring and Other Exit Costs in these Notes for additional information regarding restructuring activities.

	Quarter Ended June 28, 2019				Two Quarters Ended June 28, 2019
	Pension		Other Benefits		Pension		Other Benefits
	(In millions)
Net periodic benefit income
Service cost	$	9	$	(1)	$	18	$	—
Interest cost	52		2		104		4
Expected return on plan assets	(96)		(4)		(191)		(8)
Amortization of net actuarial gain	—		(1)		—		(3)
Effect of curtailments or settlements	1		—		1		—
Net periodic benefit income	$	(34)	$	(4)	$	(68)	$	(7)