Pension and Other Postretirement Benefits

3 Months Ended

Mar. 25, 2016

Compensation and Retirement Disclosure [Abstract]

Pension and Other Postretirement Benefits

19.  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 25, 2016			March 27, 2015			March 25, 2016			March 27, 2015
	(in millions)
Components of net periodic benefit cost:
Service cost	$	27		$	32		$	1		$	1
Interest cost		35			37			1			2
Expected return on plan assets		(51	)		(52	)		(1	)		(1	)
Amortization of prior service costs (credits)		—			1			(1	)		(1	)
Amortization of net loss		13			17			—			—
Net periodic benefit cost	$	24		$	35		$	—		$	1

Contributions. The Company contributed cash of $12 million to its pension plans and $2 million to its other postretirement benefit plans during the quarterly period ended March 25, 2016. The Company expects to contribute an additional $88 million to its pension plans and $8 million to its other postretirement benefit plans during the remainder of 2016.