Quarterly report pursuant to Section 13 or 15(d)

Pension and Other Postretirement Benefit Plans (Tables)

 v2.3.0.11
Pension and Other Postretirement Benefit Plans (Tables)
 6 Months Ended
Jul. 01, 2011
Pension and Other Postretirement Benefit Plans  
Net periodic benefit cost for 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    

 

     July 1,
2011		     July 2,
2010		     July 1,
2011		     July 2,
2010		  
   

Service cost

     $      62     $    28     $      8     $      6  

Interest cost

     98     53     12     6  

Expected return on plan assets

     (124 )   (61 )   (2 )   (2 )

Amortization of prior service cost (credit)

     2     1     (16 )   (15 )

Amortization of net actuarial loss

     21     15     —     —  
   

Net periodic benefit cost (credit)

     59     36     2     (5 )

Curtailment charge (credit)

     —     (1 )   —     —  

Special termination benefits1

     —     1     —     1  
   

Total cost (credit) recognized in statements of income

     $      59     $    36     $      2     $     (4 )
   

1 Primarily relate to the Company's productivity, integration and restructuring initiatives. Refer to Note 11 for additional information related to these initiatives.

  

 

   Pension Benefits     Other Benefits    

 

   Six Months Ended    

 

     July 1,
2011		     July 2,
2010		     July 1,
2011		     July 2,
2010		  
   

Service cost

     $    124     $      57     $    16     $    11  

Interest cost

     195     108     23     13  

Expected return on plan assets

     (246 )   (123 )   (4 )   (4 )

Amortization of prior service cost (credit)

     3     2     (31 )   (30 )

Amortization of net actuarial loss

     42     29     1     1  
   

Net periodic benefit cost (credit)

     118     73     5     (9 )

Curtailment charge (credit)

     —     (1 )   —     —  

Special termination benefits1

     4     1     2     1  
   

Total cost (credit) recognized in statements of income

     $    122     $      73     $      7     $     (8 )
   

1 Primarily relate to the Company's productivity, integration and restructuring initiatives. Refer to Note 11 for additional information related to these initiatives.