Pension and Other Postretirement Benefits

6 Months Ended

Jul. 01, 2011

Pensions and Other Postretirement Benefits

Pensions and Other Postretirement Benefits

18.  Pension and Other Postretirement Benefits

The following table summarizes the components of net periodic benefit cost for the Company’s pension and postretirement benefit plans.

	Pension Plans												Postretirement Benefit Plans
	Second Quarter Ended						First Half Ended						Second Quarter Ended						First Half Ended
	July 1,			June 25,			July 1,			June 25,			July 1,			June 25,			July 1,			June 25,
	2011			2010			2011			2010			2011			2010			2011			2010
	(in millions)
Components of net periodic benefit cost:
Service cost	$	28		$	25		$	56		$	49		$	2		$	2		$	3		$	3
Interest cost		32			30			64			60			2			3			5			6
Expected return on plan assets		(35	)		(28	)		(70	)		(56	)		—			(1	)		(1	)		(1	)
Amortization of prior service costs (credits)		—			1			—			2			(1	)		(1	)		(2	)		(2	)
Amortization of net losses		13			9			27			19			1			—			1			—
Curtailment loss (gain)		1			—			2			—			(1	)		(2	)		—			(2	)
Net periodic benefit cost	$	39		$	37		$	79		$	74		$	3		$	1		$	6		$	4

Contributions. For the year ending December 31, 2011, the Company currently expects to contribute cash of approximately $185 million to its pension plans, and approximately $13 million to its postretirement benefit plans. The Company contributed cash of $89 million to its pension plans and $5 million to its postretirement benefit plans during the first half ended July 1, 2011.