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Nonpension Postretirement and Postemployment Benefits (Tables) | 12 Months Ended
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Jan. 02, 2021
Nonpension Postretirement [Member] |
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] |
Schedule of Defined Benefit Plans Disclosures [Table Text Block] |
(millions) |  | 2020 |  | 2019
Change in accumulated benefit obligation |  |  |  |
Beginning of year |  | $ | 1,116 |  |  | $ | 1,069 |
Service cost |  | 13 |  |  | 15 |
Interest cost |  | 31 |  |  | 37 |
Actuarial (gain) loss |  | 55 |  |  | 59 |
Benefits paid |  | (58) |  |  | (60) |
Curtailments |  | — |  |  | (6) |
Foreign currency adjustments |  | — |  |  | 2 |
End of year |  | $ | 1,157 |  |  | $ | 1,116 |
Change in plan assets |  |  |  |
Fair value beginning of year |  | $ | 1,364 |  |  | $ | 1,140 |
Actual return on plan assets |  | 178 |  |  | 282 |
Employer contributions |  | 24 |  |  | 18 |
Benefits paid |  | (75) |  |  | (76) |
Fair value end of year |  | $ | 1,491 |  |  | $ | 1,364 |
Funded status |  | $ | 334 |  |  | $ | 248 |
Amounts recognized in the Consolidated Balance Sheet consist of |  |  |  |
Other non-current assets |  | $ | 369 |  |  | $ | 283 |
Other current liabilities |  | (1) |  |  | (2) |
Other liabilities |  | (34) |  |  | (33) |
Net amount recognized |  | $ | 334 |  |  | $ | 248 |
Amounts recognized in accumulated other comprehensive income consist of |  |  |  |
Prior service credit |  | (50) |  |  | (59) |
Net amount recognized |  | $ | (50) |  |  | $ | (59) |
Defined Benefit Plan, Plan with Accumulated Benefit Obligation in Excess of Plan Assets [Table Text Block] | Information for postretirement benefit plans with accumulated benefit obligations in excess of plan assets were:
(millions) |  | 2020 |  | 2019
Accumulated benefit obligation |  | $ | 35 |  |  | $ | 34 |
Fair value of plan assets |  | $ | — |  |  | $ | — |
Schedule of Net Benefit Costs [Table Text Block] |
(millions) |  | 2020 |  | 2019 |  | 2018
Service cost |  | $ | 13 |  |  | $ | 15 |  |  | $ | 18 |
Interest cost |  | 31 |  |  | 37 |  |  | 36 |
Expected return on plan assets |  | (94) |  |  | (86) |  |  | (94) |
Amortization of unrecognized prior service credit |  | (9) |  |  | (9) |  |  | (9) |
Recognized net (gain) loss |  | (29) |  |  | (137) |  |  | 81 |
Net periodic benefit cost |  | (88) |  |  | (180) |  |  | 32 |
Curtailment |  | — |  |  | (6) |  |  | — |
Postretirement benefit expense: |  |  |  |  |  |
Defined benefit plans |  | (88) |  |  | (186) |  |  | 32 |
Defined contribution plans |  | 13 |  |  | 11 |  |  | 11 |
Total |  | $ | (75) |  |  | $ | (175) |  |  | $ | 43 |
Defined Benefit Plan, Assumptions [Table Text Block] |
|  | 2020 |  | 2019 |  | 2018
Discount rate |  | 2.5 | % |  | 3.3 | % |  | 4.3 | %
The weighted-average actuarial assumptions used to determine annual net periodic benefit cost were:
|  | 2020 |  | 2019 |  | 2018
Discount rate |  | 3.3 | % |  | 4.0 | % |  | 3.6 | %
Long-term rate of return on plan assets |  | 7.0 | % |  | 7.3 | % |  | 7.5 | %
Schedule of Allocation of Plan Assets [Table Text Block] |
(millions) |  | Total Level 1 |  | Total Level 2 |  | Total Level 3 |  | Total NAV (practical expedient)(a) |  | Total
Cash and cash equivalents |  | $ | 3 |  |  | $ | 3 |  |  | $ | — |  |  | $ | — |  |  | $ | 6 |
Corporate stock, common |  | 261 |  |  | — |  |  | — |  |  | — |  |  | 261 |
Mutual funds: |  |  |  |  |  |  |  |  |  |
Equity |  | — |  |  | 30 |  |  | — |  |  | — |  |  | 30 |
Debt |  | — |  |  | 54 |  |  | — |  |  | — |  |  | 54 |
Collective trusts: |  |  |  |  |  |  |  |  |  |
Equity |  | — |  |  | — |  |  | — |  |  | 669 |  |  | 669 |
Limited partnerships |  | — |  |  | — |  |  | — |  |  | 135 |  |  | 135 |
Bonds, corporate |  | — |  |  | 143 |  |  | — |  |  | — |  |  | 143 |
Bonds, government |  | — |  |  | 96 |  |  | — |  |  | — |  |  | 96 |
Bonds, other |  | — |  |  | 8 |  |  | — |  |  | — |  |  | 8 |
Real estate |  | — |  |  | — |  |  | — |  |  | 89 |  |  | 89 |
Total |  | $ | 264 |  |  | $ | 334 |  |  | $ | — |  |  | $ | 893 |  |  | $ | 1,491 |
(a) Certain assets that are measured at fair value using the NAV per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. The fair value of Plan assets at December 28, 2019 are summarized as follows:
(millions) |  | Total Level 1 |  | Total Level 2 |  | Total Level 3 |  | Total NAV (practical expedient)(a) |  | Total
Cash and cash equivalents |  | $ | 8 |  |  | $ | 1 |  |  | $ | — |  |  | $ | — |  |  | $ | 9 |
Corporate stock, common |  | 253 |  |  | — |  |  | — |  |  | — |  |  | 253 |
Mutual funds: |  |  |  |  |  |  |  |  |  |
Equity |  | — |  |  | 35 |  |  | — |  |  | — |  |  | 35 |
Debt |  | — |  |  | 53 |  |  | — |  |  | — |  |  | 53 |
Collective trusts: |  |  |  |  |  |  |  |  |  |
Equity |  | — |  |  | — |  |  | — |  |  | 579 |  |  | 579 |
Limited partnerships |  | — |  |  | — |  |  | — |  |  | 124 |  |  | 124 |
Bonds, corporate |  | — |  |  | 136 |  |  | — |  |  | — |  |  | 136 |
Bonds, government |  | — |  |  | 77 |  |  | — |  |  | — |  |  | 77 |
Bonds, other |  | — |  |  | 9 |  |  | — |  |  | — |  |  | 9 |
Real estate |  | — |  |  | — |  |  | — |  |  | 88 |  |  | 88 |
Other |  | — |  |  | 1 |  |  | — |  |  | — |  |  | 1 |
Total |  | $ | 261 |  |  | $ | 312 |  |  | $ | — |  |  | $ | 791 |  |  | $ | 1,364 |
(a) Certain assets that are measured at fair value using the NAV per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy.
Postemployment [Member] |
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] |
Schedule of Defined Benefit Plans Disclosures [Table Text Block] |
(millions) |  | 2020 |  | 2019
Change in accumulated benefit obligation |  |  |  |
Beginning of year |  | $ | 48 |  |  | $ | 42 |
Service cost |  | 3 |  |  | 3 |
Interest cost |  | 1 |  |  | 2 |
Actuarial (gain)loss |  | — |  |  | 8 |
Benefits paid |  | (4) |  |  | (7) |
End of year |  | $ | 48 |  |  | $ | 48 |
Funded status |  | $ | (48) |  |  | $ | (48) |
Amounts recognized in the Consolidated Balance Sheet consist of |  |  |  |
Other current liabilities |  | $ | (6) |  |  | $ | (7) |
Other liabilities |  | (42) |  |  | (41) |
Net amount recognized |  | $ | (48) |  |  | $ | (48) |
Amounts recognized in accumulated other comprehensive income consist of |  |  |  |
Net prior service cost |  | $ | 2 |  |  | $ | 3 |
Net experience gain |  | (18) |  |  | (22) |
Net amount recognized |  | $ | (16) |  |  | $ | (19) |
Schedule of Net Benefit Costs [Table Text Block] |
(millions) |  | 2020 |  | 2019 |  | 2017
Service cost |  | $ | 2 |  |  | $ | 3 |  |  | $ | 3 |
Interest cost |  | 1 |  |  | 2 |  |  | 1 |
Amortization of unrecognized prior service cost |  | 1 |  |  | 1 |  |  | 1 |
Recognized net loss |  | (3) |  |  | (5) |  |  | (5) |
Net periodic benefit cost |  | $ | 1 |  |  | $ | 1 |  |  | $ | — |
Settlement cost |  | (1) |  |  | (3) |  |  | — |
Postemployment benefit expense |  | $ | — |  |  | $ | (2) |  |  | $ | — |
Schedule of Expected Benefit Payments [Table Text Block] |
(millions) |  | Postretirement |  | Postemployment
2021 |  | $ | 64 |  |  | $ | 6 |
2022 |  | 65 |  |  | 6 |
2023 |  | 65 |  |  | 5 |
2024 |  | 65 |  |  | 5 |
2025 |  | 65 |  |  | 5 |
2026-2029 |  | 321 |  |  | 20 |

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