Defined Benefit Plans (Tables)

6 Months Ended

Jul. 02, 2021

Defined Benefit Plan Disclosure [Line Items]

Schedule of Defined Benefit Plans Disclosures

The net periodic benefit cost of the noncontributory defined benefit pension plans and other postretirement employee benefit plans incurred during the three and six-month periods ended July 2, 2021 and July 3, 2020 are reflected in the following captions in the accompanying Consolidated Condensed Statements of Earnings ($ in millions):

	Three-Month Period Ended				Six-Month Period Ended
	July 2, 2021		July 3, 2020		July 2, 2021		July 3, 2020
Service cost:
Cost of sales	$	(2)	$	(3)	$	(4)	$	(4)
Selling, general and administrative expenses	(9)		(8)		(18)		(13)
Total service cost	(11)		(11)		(22)		(17)
Other net periodic benefit costs:
Other income (expense), net	11		5		22		10
Total expense	$	—	$	(6)	$	—	$	(7)

Defined benefit pension plans

Defined Benefit Plan Disclosure [Line Items]

Schedule of Net Benefit Costs

The following sets forth the components of the Company’s net periodic benefit (cost) of the noncontributory defined benefit pension plans ($ in millions):

	Three-Month Period Ended				Six-Month Period Ended
	July 2, 2021		July 3, 2020		July 2, 2021		July 3, 2020
U.S. pension benefits:
Service cost	$	—	$	—	$	—	$	—
Interest cost	(11)		(17)		(23)		(34)
Expected return on plan assets	31		31		62		60
Amortization of actuarial loss	(11)		(9)		(22)		(18)
Amortization of prior service cost	—		(1)		—		(1)
Net periodic pension benefit	$	9	$	4	$	17	$	7
Non-U.S. pension benefits:
Service cost	$	(11)	$	(11)	$	(22)	$	(17)
Interest cost	(5)		(6)		(10)		(10)
Expected return on plan assets	11		9		22		18
Amortization of actuarial loss	(3)		(3)		(6)		(5)
Amortization of prior service credit	—		1		—		1
Net periodic pension cost	$	(8)	$	(10)	$	(16)	$	(13)

Other postretirement benefit plans

Defined Benefit Plan Disclosure [Line Items]

Schedule of Net Benefit Costs

The following sets forth the components of the Company’s net periodic benefit cost of the other postretirement employee benefit plans ($ in millions):

	Three-Month Period Ended				Six-Month Period Ended
	July 2, 2021		July 3, 2020		July 2, 2021		July 3, 2020
Service cost	$	—	$	—	$	—	$	—
Interest cost	—		(1)		(1)		(2)
Amortization of actuarial loss	(1)		—		(1)		—
Amortization of prior service credit	—		1		1		1
Net periodic cost	$	(1)	$	—	$	(1)	$	(1)