Quarterly report pursuant to Section 13 or 15(d)

Pension and Other Postretirement Benefit Plans

v3.3.0.814
Pension and Other Postretirement Benefit Plans
 9 Months Ended
Oct. 02, 2015
Pension and Other Postretirement Benefit Plans  
Pension and Other Postretirement Benefit Plans
PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS
Net periodic benefit cost for our pension and other postretirement benefit plans consisted of the following (in millions):
 
Pension Benefits  
 
Other Benefits  
 
Three Months Ended
 
October 2,
2015

September 26,
2014

 
October 2,
2015

September 26,
2014

Service cost
$
66

$
62

 
$
7

$
7

Interest cost
95

101

 
9

11

Expected return on plan assets
(176
)
(179
)
 
(3
)
(3
)
Amortization of prior service cost (credit)
(1
)
—

 
(5
)
(4
)
Amortization of net actuarial loss
50

18

 
3

—

Net periodic benefit cost (credit)
$
34

$
2


$
11

$
11

Special termination benefits
—

—


—

—

Settlement charge
—

—


—

—

Total cost (credit) recognized in statements of income
$
34

$
2


$
11

$
11

 
Pension Benefits  
 
Other Benefits  
 
Nine Months Ended
 
October 2,
2015

September 26,
2014

 
October 2,
2015

September 26,
2014

Service cost
$
199

$
196

 
$
21

$
20

Interest cost
285

304

 
28

32

Expected return on plan assets
(529
)
(537
)
 
(9
)
(9
)
Amortization of prior service cost (credit)
(1
)
(1
)
 
(14
)
(12
)
Amortization of net actuarial loss
149

54

 
8

2

Net periodic benefit cost (credit)
$
103

$
16

 
$
34

$
33

Special termination benefits1
9

—

 
—

—

Settlement charge
—

2

 
—

—

Total cost (credit) recognized in statements of income
$
112

$
18

 
$
34

$
33


1 The special termination benefits were primarily related to the Company's productivity, restructuring and integration initiatives. Refer to Note 11 for additional information related to our productivity, restructuring and integration initiatives.
During the nine months ended October 2, 2015, the Company contributed $92 million to our pension plans, and we anticipate making additional contributions of approximately $41 million during the remainder of 2015. The Company contributed $168 million to our pension plans during the nine months ended September 26, 2014.