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Pension and Other Postretirement Benefits
3 Months Ended
Mar. 27, 2015
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  
     First Quarter Ended     First Quarter Ended  
     March 27,
2015
    March 28,
2014
    March 27,
2015
    March 28,
2014
 
     (in millions)  

Components of net periodic benefit cost:

        

Service cost

   $ 32      $ 27      $ 1      $ 1   

Interest cost

     37        36        2        2   

Expected return on plan assets

     (52     (48     (1     (1

Amortization of prior service costs (credits)

     1        1        (1 )     (1

Amortization of net loss

     17        4        —          —     

Curtailment loss

     —          1        —          —     
  

 

 

   

 

 

   

 

 

   

 

 

 

Net periodic benefit cost

$ 35    $ 21    $ 1    $ 1   
  

 

 

   

 

 

   

 

 

   

 

 

 

Contributions. The Company contributed cash of $14 million to its pension plans and $1 million to its other postretirement benefit plans during the quarterly period ended March 27, 2015. The Company expects to contribute an additional $86 million to $118 million to its pension plans and $9 million to its other postretirement benefit plans during the remainder of 2015.