Net periodic benefit cost for our pension and other postretirement benefit plans consisted of the following (in millions):
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Pension Benefits
|
|
Other Benefits
|
|
Three Months Ended |
|
March 30,
2012 |
|
April 1,
2011 |
|
|
March 30,
2012 |
|
April 1,
2011 |
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|
|
As Adjusted |
|
|
|
|
Service cost |
$ |
65 |
|
$ |
62 |
|
|
$ |
8 |
|
$ |
8 |
|
Interest cost |
98 |
|
97 |
|
|
11 |
|
11 |
|
Expected return on plan assets |
(144 |
) |
(126 |
) |
|
(2 |
) |
(2 |
) |
Amortization of prior service cost (credit) |
(1 |
) |
1 |
|
|
(13 |
) |
(15 |
) |
Amortization of net actuarial loss |
34 |
|
20 |
|
|
2 |
|
1 |
|
Net periodic benefit cost (credit) |
52 |
|
54 |
|
|
6 |
|
3 |
|
Curtailment charge (credit) |
— |
|
— |
|
|
— |
|
— |
|
Special termination benefits1
|
— |
|
4 |
|
|
— |
|
2 |
|
Total cost (credit) recognized in statements of income |
$ |
52 |
|
$ |
58 |
|
|
$ |
6 |
|
$ |
5 |
|
|
|
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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