Quarterly report pursuant to Section 13 or 15(d)

Pension and Other Postretirement Benefit Plans

v3.8.0.1
Pension and Other Postretirement Benefit Plans
 3 Months Ended
Mar. 30, 2018
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
 
March 30,
2018

March 31,
2017

 
March 30,
2018

March 31,
2017

Service cost
$
32

$
50

 
$
3

$
5

Interest cost
73

78

 
6

8

Expected return on plan assets1
(168
)
(161
)
 
(3
)
(3
)
Amortization of prior service cost (credit)
2

—

 
(4
)
(5
)
Amortization of net actuarial loss
34

44

 
1

2

Net periodic benefit cost (income)
(27
)
11

 
3

7

Special termination benefits2
—

18

 
—

—

Total cost (income) recognized in condensed consolidated
   statements of income
$
(27
)
$
29

 
$
3

$
7

1 The weighted-average expected long-term rates of return on plan assets used in computing 2018 net periodic benefit cost are 8.0 percent for pension benefits plans and 4.5 percent for other benefit plans.
2 
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 12.
All of the amounts in the table above, other than service cost, were recorded in the line item other income (loss) — net in our condensed consolidated statements of income. During the three months ended March 30, 2018, the Company contributed $27 million to our pension plans, and we anticipate making additional contributions of approximately $24 million during the remainder of 2018. The Company contributed $43 million to our pension plans during the three months ended March 31, 2017.