Quarterly report pursuant to Section 13 or 15(d)

Pension and Other Postretirement Benefit Plans

v3.19.1
Pension and Other Postretirement Benefit Plans
 3 Months Ended
Mar. 29, 2019
Pension and Other Postretirement Benefit Plans  
Pension and Other Postretirement Benefit Plans
PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS
Net periodic benefit cost (income) for our pension and other postretirement benefit plans consisted of the following (in millions):
 
Pension Benefits  
 
Other Benefits  
 
Three Months Ended
 
March 29,
2019

March 30,
2018

 
March 29,
2019

March 30,
2018

Service cost
$
26

$
32

 
$
2

$
3

Interest cost
72

73

 
7

6

Expected return on plan assets1
(138
)
(168
)
 
(3
)
(3
)
Amortization of prior service cost (credit)
(1
)
2

 
(1
)
(4
)
Amortization of net actuarial loss
38

34

 
1

1

Net periodic benefit cost (income)
$
(3
)
$
(27
)
 
$
6

$
3

1 The weighted-average expected long-term rates of return on plan assets used in computing 2019 net periodic benefit cost (income) are
7.7 percent for pension benefit plans and 4.6 percent for other benefit plans.

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 29, 2019, the Company contributed $6 million to our pension trusts, and we anticipate making additional contributions of approximately $14 million during the remainder of 2019. The Company contributed $27 million to our pension trusts during the three months ended March 30, 2018.