Quarterly report pursuant to Section 13 or 15(d)

Pension and Other Postretirement Benefit Plans

v3.5.0.2
Pension and Other Postretirement Benefit Plans
 9 Months Ended
Sep. 30, 2016
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
 
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.
During the nine months ended September 30, 2016, the Company contributed $519 million to our pension plans, and we anticipate making additional contributions of approximately $180 million during the remainder of 2016. The Company contributed $92 million to our pension plans during the nine months ended October 2, 2015.