XML 30 R18.htm IDEA: XBRL DOCUMENT v3.23.2
Pension and Postretirement Benefit Plans
 6 Months Ended
Jul. 02, 2023
Retirement Benefits [Abstract]  
Pension and Postretirement Benefit Plans Pension and Postretirement Benefit Plans
The following summarizes the components of net periodic benefit cost/(credit):
 Pension Plans
 U.S.InternationalPostretirement
Plans
Three Months Ended
(MILLIONS)July 2,
2023		July 3,
2022		July 2,
2023		July 3,
2022		July 2,
2023		July 3,
2022
Service cost$— $— $22 $30 $3 $7 
Interest cost147 118 72 41 5 7 
Expected return on plan assets(194)(245)(76)(77)(11)(12)
Amortization of prior service cost/(credit)— — — — (30)(31)
Actuarial (gains)/losses(a)
5 490 — — — — 
Curtailments— — — — (7)(1)
Special termination benefits5 1 — — — — 
Net periodic benefit cost/(credit) reported in income$(37)$365 $18 $(6)$(39)$(30)
 Pension Plans
 U.S.InternationalPostretirement
Plans
Six Months Ended
(MILLIONS)July 2,
2023		July 3,
2022		July 2,
2023		July 3,
2022		July 2,
2023		July 3,
2022
Service cost$— $— $43 $60 $6 $15 
Interest cost295 236 143 82 11 14 
Expected return on plan assets(389)(490)(152)(156)(22)(23)
Amortization of prior service cost/(credit)1 1 — — (60)(68)
Actuarial (gains)/losses(a)
14 424 3 — — — 
Curtailments— — (1)— (12)(14)
Special termination benefits6 7 — — — 1 
Net periodic benefit cost/(credit) reported in income$(73)$178 $36 $(14)$(77)$(76)
(a)The second quarter and first six months of 2022 mainly reflect interim actuarial remeasurement losses, primarily driven by unfavorable plan asset performance, partially offset by gains due to an increase in interest rates.
The components of net periodic benefit cost/(credit) other than the service cost component are primarily included in Other (income)/deductions––net (see Note 4).
For the six months ended July 2, 2023, we contributed $104 million, $80 million, and $23 million to our U.S. Pension Plans, International Pension Plans, and Postretirement Plans, respectively, from our general assets, which include direct employer benefit payments.