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. 27, 2014
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
 
June 27,
2014

June 28,
2013

 
June 27,
2014

June 28,
2013

Service cost
$
67

$
69

 
$
7

$
9

Interest cost
102

95

 
10

10

Expected return on plan assets
(180
)
(165
)
 
(3
)
(3
)
Amortization of prior service cost (credit)


 
(4
)
(2
)
Amortization of net actuarial loss
18

49

 
1

3

Net periodic benefit cost (credit)
$
7

$
48

 
$
11

$
17

Settlement charge
2


 


Total cost (credit) recognized in statements of income
$
9

$
48

 
$
11

$
17


 
Pension Benefits  
 
Other Benefits  
 
Six Months Ended
 
June 27,
2014

June 28,
2013

 
June 27,
2014

June 28,
2013

Service cost
$
134

$
138

 
$
13

$
18

Interest cost
203

189

 
21

21

Expected return on plan assets
(358
)
(329
)
 
(6
)
(5
)
Amortization of prior service cost (credit)
(1
)
(1
)
 
(8
)
(5
)
Amortization of net actuarial loss
36

99

 
2

6

Net periodic benefit cost (credit)
$
14

$
96

 
$
22

$
35

Settlement charge
2


 


Total cost (credit) recognized in statements of income
$
16

$
96

 
$
22

$
35


During the six months ended June 27, 2014, the Company contributed $165 million to our pension plans, and we anticipate making additional contributions of approximately $6 million to our pension plans during the remainder of 2014. The Company contributed $616 million to our pension plans during the six months ended June 28, 2013.