Quarterly report pursuant to Section 13 or 15(d)

Pension and Other Postretirement Benefit Plans

v2.4.0.8
Pension and Other Postretirement Benefit Plans
 6 Months Ended
Jun. 28, 2013
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 during the three and six months ended June 28, 2013, and June 29, 2012, respectively (in millions):
 
Pension Benefits  
 
Other Benefits  
 
Three Months Ended
 
June 28,
2013

June 29,
2012

 
June 28,
2013

June 29,
2012

Service cost
$
69

$
71

 
$
9

$
9

Interest cost
95

97

 
10

11

Expected return on plan assets
(165
)
(144
)
 
(3
)
(2
)
Amortization of prior service cost (credit)
—

—

 
(2
)
(13
)
Amortization of net actuarial loss
49

34

 
3

1

Total cost (credit) recognized in statements of income
$
48

$
58

 
$
17

$
6


 
Pension Benefits  
 
Other Benefits  
 
Six Months Ended
 
June 28,
2013

June 29,
2012

 
June 28,
2013

June 29,
2012

Service cost
$
138

$
136

 
$
18

$
17

Interest cost
189

195

 
21

22

Expected return on plan assets
(329
)
(288
)
 
(5
)
(4
)
Amortization of prior service cost (credit)
(1
)
(1
)
 
(5
)
(26
)
Amortization of net actuarial loss
99

68

 
6

3

Total cost (credit) recognized in statements of income
$
96

$
110

 
$
35

$
12

During the six months ended June 28, 2013, the Company contributed $616 million to our pension plans, and we anticipate making additional contributions of approximately $14 million to our pension plans during the remainder of 2013. The Company contributed $990 million to our pension plans during the six months ended June 29, 2012.