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Other Income And Charges
9 Months Ended
Jun. 29, 2019
Other Income and Expenses [Abstract]  
Other Income And Charges OTHER INCOME AND CHARGES
During the third quarter of fiscal 2019, we sold an investment for $79 million in net proceeds resulting in a pretax gain of $55 million, which was recorded in the Consolidated Condensed Statements of Income in Other, net.
During the first nine months of fiscal 2019, we recognized $21 million of net periodic pension and postretirement benefit cost, excluding the service cost component, and recorded the amount in the Consolidated Condensed Statements of Income in Other, net. Additionally, we recognized $17 million of equity earnings in joint ventures, which was also recorded in the Consolidated Condensed Statements of Income in Other, net.
During the first nine months of fiscal 2018, we recognized a one-time cash bonus to our hourly frontline employees of $109 million using incremental cash savings from the Tax Act, which was predominantly recorded in the Consolidated Condensed Statements of Income in Cost of Sales, and $14 million of equity earnings in joint ventures, which was recorded in the Consolidated Condensed Statements of Income in Other, net.
Additionally, in accordance with recently adopted accounting guidance, we have retrospectively recognized $5 million and $14 million of net periodic pension and postretirement benefit credit, excluding the service cost component, for the three and nine months ended June 30, 2018, respectively, and recorded the amounts in the Consolidated Condensed Statements of Income in Other, net.