Quarterly report pursuant to Section 13 or 15(d)

Pension and Other Postretirement Benefit Plans (Tables)

v3.4.0.3
Pension and Other Postretirement Benefit Plans (Tables)
 3 Months Ended
Apr. 01, 2016
Pension and Other Postretirement Benefit Plans  
Periodic benefit cost, 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
 
April 1,
2016

April 3,
2015

 
April 1,
2016

April 3,
2015

Service cost
$
59

$
67

 
$
5

$
7

Interest cost
80

95

 
8

9

Expected return on plan assets
(164
)
(177
)
 
(3
)
(3
)
Amortization of prior service cost (credit)
—

—

 
(5
)
(5
)
Amortization of net actuarial loss
46

49

 
2

3

Net periodic benefit cost (credit)
$
21

$
34

 
$
7

$
11

Special termination benefits1
8

—

 
—

—

Total cost (credit) recognized in statements of income
$
29

$
34

 
$
7

$
11

1 The special termination benefits were primarily related to the Company's productivity, restructuring and integration initiatives. Refer to Note 10 for additional information related to our productivity, restructuring and integration initiatives.