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Other Income (Expense), Net | 9 Months Ended
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Sep. 29, 2023
Other Income and Expenses [Abstract] |
Other Income (Expense), Net | OTHER INCOME (EXPENSE), NET The following sets forth the components of the Company’s other income (expense), net ($ in millions):
| Three-Month Period Ended |  | Nine-Month Period Ended |  |
| September 29, 2023 |  | September 30, 2022 |  | September 29, 2023 |  | September 30, 2022 |  |  |  |
Other components of net periodic benefit costs | $ | 1 |  |  | $ | 13 |  |  | $ | 6 |  |  | $ | 28 |  |  |  |  |
Investment gains (losses): |  |  |  |  |  |  |  |  |  |  |
Realized investment gains (losses) | 120 |  |  | 27 |  |  | 120 |  |  | 91 |  |  |  |  |
Unrealized investment gains (losses) | (168) |  |  | (91) |  |  | (178) |  |  | (277) |  |  |  |  |
Total investment gains (losses) | (48) |  |  | (64) |  |  | (58) |  |  | (186) |  |  |  |  |
Total other income (expense), net | $ | (47) |  |  | $ | (51) |  |  | $ | (52) |  |  | $ | (158) |  |  |  |  |
Other Components of Net Periodic Benefit Costs The Company disaggregates the service cost component of net periodic benefit costs of noncontributory defined benefit pension plans and other postretirement employee benefit plans and presents the other components of net periodic benefit costs in other income (expense), net. These other components of net periodic benefit costs include the assumed rate of return on plan assets, partially offset by amortization of actuarial losses and interest. The Company’s net periodic benefit costs for the nine-month period ended September 30, 2022 included a settlement loss of $10 million ($9 million after-tax) as a result of the transfer of a portion of its non-U.S. pension liabilities related to one defined benefit plan to a third-party. Investment Gains (Losses) The Company estimates the fair value of its investments in equity securities using the Fair Value Alternative and records adjustments to fair value within net earnings. Additionally, the Company is a limited partner in partnerships that invest primarily in early-stage companies. While the partnerships record these investments at fair value, the Company’s investments in the partnerships are accounted for under the equity method of accounting. The investment gains (losses) include realized and unrealized gains and losses related to changes in the fair value of the Company’s investments in equity securities and the Company’s equity in earnings of the partnerships that reflect the changes in fair value of the investments of the partnerships, and related management fees and operating expenses. In addition, the Company recorded an impairment of $46 million ($35 million after-tax) related to equity method investments that is reflected in unrealized investment gains (losses) for the nine-month period ended September 29, 2023.

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- Definition The entire disclosure for other income or other expense items (both operating and nonoperating). Sources of nonoperating income or nonoperating expense that may be disclosed, include amounts earned from dividends, interest on securities, profits (losses) on securities, net and miscellaneous other income or income deductions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 610 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//610/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 720 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//720/tableOfContent + Details
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