Pension and Other Postretirement Benefit Plans
|3 Months Ended|
Apr. 02, 2021
|Pension and Other Postretirement Benefit Plans|
|Pension and Other Postretirement Benefit Plans||PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS
The total cost (income) for our pension and other postretirement benefit plans consisted of the following (in millions):
1 The weighted-average expected long-term rates of return on plan assets used in computing 2021 net periodic benefit cost (income) were 7.25 percent for pension benefit plans and 4.25 percent for other postretirement benefit plans.
2 The settlement charges were related to the strategic realignment initiatives. Refer to Note 12.All amounts in the table above, other than service cost, were recorded in the line item other income (loss) — net in our condensed consolidated statements of income. During the three months ended April 2, 2021, the Company contributed $5 million to our pension trusts, and we anticipate making additional contributions of approximately $22 million during the remainder of 2021. The Company contributed $7 million to our pension trusts during the three months ended March 27, 2020.
The entire disclosure for retirement benefits.
Reference 1: http://www.xbrl.org/2003/role/exampleRef