Postretirement Benefit Plans (Tables)

9 Months Ended

Oct. 02, 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 October 2, 2020				Three Quarters Ended October 2, 2020
(In millions)	Pension		Other Benefits		Pension		Other Benefits
Net periodic benefit income
Service cost	$	17	$	—	$	49	$	1
Interest cost	68		3		205		7
Expected return on plan assets	(158)		(5)		(473)		(15)
Amortization of net actuarial loss (gain)	2		(1)		7		(2)
Amortization of prior service credit	(7)		—		(21)		—
Contractual termination benefits(1)	—		—		1		—
Total net periodic benefit income	$	(78)	$	(3)	$	(232)	$	(9)

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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 September 27, 2019				Three Quarters Ended September 27, 2019
(In millions)	Pension		Other Benefits		Pension		Other Benefits
Net periodic benefit income
Service cost	$	21	$	1	$	39	$	1
Interest cost	76		2		180		6
Expected return on plan assets	(157)		(5)		(348)		(13)
Amortization of net actuarial gain	—		(1)		—		(4)
Effect of curtailments or settlements(1)	5		—		6		—
Total net periodic benefit income	$	(55)	$	(3)	$	(123)	$	(10)

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(1)During the quarter ended September 27, 2019, we recognized a $5 million settlement loss resulting from the full payout of the liabilities of a non-qualified benefit plan due to the change in control provisions.