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Pension and Other Postretirement Benefits
6 Months Ended
Jun. 28, 2013
Compensation And Retirement Disclosure [Abstract]  
Pension 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 other postretirement benefit plans.

 

    Pension Plans     Postretirement Benefit Plans  
    Second Quarter Ended     First Half Ended     Second Quarter Ended     First Half Ended  
    June 28,
2013
    June 29,
2012
    June 28,
2013
    June 29,
2012
    June 28,
2013
    June 29,
2012
    June 28,
2013
    June 29,
2012
 
    (in millions)  

Components of net periodic benefit cost:

               

Service cost

  $ 33      $ 29      $ 65      $ 59      $ 1      $ 2      $ 2      $ 3   

Interest cost

    33        33        66        66        1        2        3        5   

Expected return on plan assets

    (41     (36     (83     (71     (1     (1     (2     (2

Amortization of prior service (credits) cost

                                       (1     1        (1

Amortization of net losses

    21        17        43        34               1        (1     1   

Curtailment loss

                         1                               
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net periodic benefit cost

  $    46      $    43      $    91      $    89      $    1      $    3      $    3      $    6   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

Contributions. For the year ending December 31, 2013, the Company currently expects to contribute cash of approximately $165 million to its pension plans, which includes $95 million of voluntary contributions, and approximately $11 million to its other postretirement benefit plans. The Company contributed cash of $43 million to its pension plans and $4 million to its other postretirement benefit plans during the first half period ended June 28, 2013.