NON-OPERATING INCOME

12 Months Ended

Dec. 31, 2021

Nonoperating Income (Expense) [Abstract]

NON-OPERATING INCOME

NOTE 20: NON-OPERATING INCOME

The components of non-operating income were as follows:

	Fiscal Years Ended				Two Quarters Ended		Fiscal Year Ended
(In millions)	December 31, 2021		January 1, 2021		January 3, 2020		June 28, 2019
Non-service cost components of net periodic benefit income(1)	$	445	$	389	$	172	$	186
Gain on pension plan curtailment	1		—		23		—
Gain (loss) on extinguishment of debt(2)	—		2		(2)		—
Impairment of equity method investment	(35)		—		—		—
Other	28		10		(1)		2
	$	439	$	401	$	192	$	188

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(1)Non-service cost components of net periodic benefit income recorded in the “Non-operating income” line item in our Consolidated Statement of Income include interest cost, expected return on plan assets, amortization of net actuarial gain and effect of curtailments or settlements under our pension and postretirement benefit plans.

(2)Gain associated with our optional redemption of the entire outstanding $650 million principal amount of our 4.95% 2021 Notes in fiscal 2020; loss associated with our optional redemption of the entire outstanding $400 million principal amount of our 2.70% 2020 Notes in the two quarters ended January 3, 2020. See. Note 13: Debt in these Notes for additional information.