Net periodic benefit cost for our pension and other postretirement benefit plans consisted of the following during the three and nine months ended September 28, 2012, and September 30, 2011, respectively (in millions):
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Pension Benefits
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Other Benefits
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Three Months Ended |
|
September 28,
2012 |
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September 30,
2011 |
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|
September 28,
2012 |
|
September 30,
2011 |
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As Adjusted |
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Service cost |
$ |
88 |
|
$ |
62 |
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|
$ |
8 |
|
$ |
8 |
|
Interest cost |
97 |
|
97 |
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|
11 |
|
11 |
|
Expected return on plan assets |
(143 |
) |
(127 |
) |
|
(2 |
) |
(2 |
) |
Amortization of prior service cost (credit) |
(1 |
) |
2 |
|
|
(13 |
) |
(15 |
) |
Amortization of net actuarial loss |
34 |
|
20 |
|
|
2 |
|
— |
|
Net periodic benefit cost (credit) |
75 |
|
54 |
|
|
6 |
|
2 |
|
Special termination benefits |
— |
|
— |
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— |
|
— |
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Total cost (credit) recognized in statements of income |
$ |
75 |
|
$ |
54 |
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$ |
6 |
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$ |
2 |
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Pension Benefits
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Other Benefits
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Nine Months Ended |
|
September 28,
2012 |
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September 30,
2011 |
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September 28,
2012 |
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September 30,
2011 |
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As Adjusted |
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Service cost |
$ |
224 |
|
$ |
186 |
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|
$ |
25 |
|
$ |
24 |
|
Interest cost |
292 |
|
292 |
|
|
33 |
|
34 |
|
Expected return on plan assets |
(431 |
) |
(381 |
) |
|
(6 |
) |
(6 |
) |
Amortization of prior service cost (credit) |
(2 |
) |
5 |
|
|
(39 |
) |
(46 |
) |
Amortization of net actuarial loss |
102 |
|
60 |
|
|
5 |
|
1 |
|
Net periodic benefit cost (credit) |
185 |
|
162 |
|
|
18 |
|
7 |
|
Special termination benefits1
|
— |
|
4 |
|
|
— |
|
2 |
|
Total cost (credit) recognized in statements of income |
$ |
185 |
|
$ |
166 |
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|
$ |
18 |
|
$ |
9 |
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1 |
The special termination benefits primarily relate to the Company's productivity, integration and restructuring initiatives. Refer to Note 11 for additional information related to these initiatives.
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