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.
|