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 |
|
September 30,
2016 |
|
October 2,
2015 |
|
|
September 30,
2016 |
|
October 2,
2015 |
|
Service cost |
$ |
59 |
|
$ |
66 |
|
|
$ |
6 |
|
$ |
7 |
|
Interest cost |
79 |
|
95 |
|
|
8 |
|
9 |
|
Expected return on plan assets |
(161 |
) |
(176 |
) |
|
(3 |
) |
(3 |
) |
Amortization of prior service cost (credit) |
— |
|
(1 |
) |
|
(5 |
) |
(5 |
) |
Amortization of net actuarial loss |
46 |
|
50 |
|
|
2 |
|
3 |
|
Net periodic benefit cost |
$ |
23 |
|
$ |
34 |
|
|
$ |
8 |
|
$ |
11 |
|
Special termination benefits1
|
4 |
|
— |
|
|
— |
|
— |
|
Other |
— |
|
— |
|
|
31 |
|
— |
|
Total cost recognized in statements of income |
$ |
27 |
|
$ |
34 |
|
|
$ |
39 |
|
$ |
11 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pension Benefits |
|
Other Benefits |
|
Nine Months Ended |
|
September 30,
2016 |
|
October 2,
2015 |
|
|
September 30,
2016 |
|
October 2,
2015 |
|
Service cost |
$ |
178 |
|
$ |
199 |
|
|
$ |
17 |
|
$ |
21 |
|
Interest cost |
239 |
|
285 |
|
|
23 |
|
28 |
|
Expected return on plan assets |
(490 |
) |
(529 |
) |
|
(9 |
) |
(9 |
) |
Amortization of prior service cost (credit) |
(1 |
) |
(1 |
) |
|
(14 |
) |
(14 |
) |
Amortization of net actuarial loss |
138 |
|
149 |
|
|
5 |
|
8 |
|
Net periodic benefit cost |
$ |
64 |
|
$ |
103 |
|
|
$ |
22 |
|
$ |
34 |
|
Special termination benefits1
|
17 |
|
9 |
|
|
— |
|
— |
|
Other |
— |
|
— |
|
|
31 |
|
— |
|
Total cost recognized in statements of income |
$ |
81 |
|
$ |
112 |
|
|
$ |
53 |
|
$ |
34 |
|
1 The special termination benefits were primarily related to North America refranchising and the Company's productivity, restructuring and integration initiatives. Refer to Note 2 and Note 11.
|