Pension and Other Postretirement Benefits

3 Months Ended

Mar. 31, 2017

Pension and Other Postretirement Benefits [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 31, 2017			March 25, 2016			March 31, 2017			March 25, 2016
	(in millions)
Components of net periodic benefit cost:
Service cost	$	29		$	27		$	1		$	1
Interest cost		35			35			1			1
Expected return on plan assets		(53	)		(51	)		(1	)		(1	)
Amortization of prior service costs (credits)		—			—			—			(1	)
Amortization of net loss		16			13			(1	)		—
Net periodic benefit cost	$	27		$	24		$	—		$	—

Contributions. The Company contributed cash of $4 million to its pension plans and $2 million to its other postretirement benefit plans during the quarterly period ended March 31, 2017. The Company expects to contribute an additional $96 million to its pension plans and $8 million to its other postretirement benefit plans during the remainder of 2017.