XML 50 R32.htm IDEA: XBRL DOCUMENT v3.22.2.2

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Tables)

9 Months Ended

Sep. 30, 2022

Retirement Benefits [Abstract]

Defined Contribution Plan Disclosures

Net periodic benefit cost or income for our pension and other postretirement benefit plans consisted of the following (in millions):

			Pension Plans									Other Postretirement Benefit Plans
			Three Months Ended
			September 30, 2022			October 1, 2021						September 30, 2022			October 1, 2021
Service cost			$	25		$	25					$	2		$	2
Interest cost			65			46						4			4
Expected return on plan assets1			(132)			(152)						(4)			(4)
Amortization of prior service credit			—			—						—			(1)
Amortization of net actuarial loss			26			34						—			—
Net periodic benefit cost (income)			(16)			(47)						2			1
Settlement charges2			—			21						—			—
Total cost (income)			$	(16)		$	(26)					$	2		$	1

1The weighted-average expected long-term rates of return on plan assets used in computing 2022 net periodic benefit cost (income) were 7.00 percent for pension plans and 4.00 percent for other postretirement benefit plans.

2Settlement charges were primarily related to our strategic realignment initiatives.

			Pension Plans									Other Postretirement Benefit Plans
			Nine Months Ended
			September 30, 2022			October 1, 2021						September 30, 2022			October 1, 2021
Service cost			$	69		$	74					$	5		$	7
Interest cost			167			137						13			11
Expected return on plan assets1			(428)			(454)						(12)			(13)
Amortization of prior service credit			—			—						(2)			(2)
Amortization of net actuarial loss			84			114						—			1
Net periodic benefit cost (income)			(108)			(129)						4			4
Settlement charges2			—			104						—			—
Total cost (income)			$	(108)		$	(25)					$	4		$	4

1The weighted-average expected long-term rates of return on plan assets used in computing 2022 net periodic benefit cost (income) were 7.00 percent for pension plans and 4.00 percent for other postretirement benefit plans.

2Settlement charges were primarily related to our strategic realignment initiatives.

X

- References

No definition available.

+ Details

Name:	us-gaap_CompensationAndRetirementDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of defined contribution pension plans or defined contribution other postretirement plans, separately for pension plans and other postretirement benefit plans.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 70
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=49170846&loc=d3e28014-114942

+ Details

Name:	us-gaap_DefinedContributionPlanDisclosuresTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration