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Pension, Retiree Medical and Retiree Savings Plans (Tables)
 12 Months Ended
Dec. 28, 2013
Compensation and Retirement Disclosure [Abstract]  
Funded status of pension plans
The following chart summarizes the balance sheet impact, as well as benefit obligations, assets, and funded status associated with our significant U.S. and International pension plans.  The actuarial valuations for all plans reflect measurement dates coinciding with our fiscal year ends.

 
 
U.S. Pension Plans
 
International Pension Plans
 
 
2013
 
2012
 
2013
 
2012
Change in benefit obligation
 
 
 
 
 
 
 
 
Benefit obligation at beginning of year
 
$
1,290

 
$
1,381

 
$
193

 
$
187

Service cost
 
21

 
26

 
1

 
2

Interest cost
 
54

 
66

 
8

 
8

Participant contributions
 
—

 
—

 
—

 
1

Plan amendments
 
—

 
5

 
—

 
—

Curtailments
 
(3
)
 
(10
)
 
(5
)
 
—

Special termination benefits
 
5

 
3

 
—

 
—

Exchange rate changes
 
—

 
—

 
4

 
5

Benefits paid
 
(21
)
 
(14
)
 
(3
)
 
(4
)
Settlements(a)(b)
 
(151
)
 
(278
)
 
—

 
—

Actuarial (gain) loss
 
(170
)
 
111

 
28

 
(6
)
Benefit obligation at end of year
 
$
1,025

 
$
1,290

 
$
226

 
$
193

Change in plan assets
 
 
 
 
 
 
 
 
Fair value of plan assets at beginning of year
 
$
945

 
$
998

 
$
226

 
$
183

Actual return on plan assets
 
116

 
144

 
30

 
21

Employer contributions
 
22

 
100

 
1

 
19

Participant contributions
 
—

 
—

 
—

 
1

Settlement payments(a)
 
(123
)
 
(278
)
 
—

 
—

Benefits paid
 
(21
)
 
(14
)
 
(3
)
 
(4
)
Exchange rate changes
 
—

 
—

 
5

 
6

Administrative expenses
 
(6
)
 
(5
)
 
—

 
—

Fair value of plan assets at end of year
 
$
933

 
$
945

 
$
259

 
$
226

 
Funded status at end of year
 
$
(92
)
 
$
(345
)
 
$
33

 
$
33
Amounts recognized in the Consolidated Balance Sheet
Amounts recognized in the Consolidated Balance Sheet:
 
 
U.S. Pension Plans
 
International Pension Plans
 
 
2013
 
2012
 
2013
 
2012
Prepaid benefit asset - non-current
 
$
10

 
$
—

 
$
33

 
$
33

Accrued benefit liability - current
 
(8
)
 
(19
)
 
—

 
—

Accrued benefit liability - non-current
 
(94
)
 
(326
)
 
—

 
—

 
 
$
(92
)
 
$
(345
)
 
$
33

 
$
33



(a)
For discussion of the settlement payments and settlement losses, see Pension Settlement Charges section of Note 4.

(b)
2013 includes the transfer of certain non-qualified pension benefits into a defined benefit plan not included in the table above due to its insignificance.
Pension plans with an accumulated benefit obligation in excess of pan assets
Information for pension plans with an accumulated benefit obligation in excess of plan assets:
 
 
U.S. Pension Plans
 
International Pension Plans
 
 
2013
 
2012
 
2013
 
2012
Projected benefit obligation
 
$
102

 
$
1,290

 
$
—

 
$
—

Accumulated benefit obligation
 
94

 
1,239

 
—

 
—

Fair value of plan assets
 
—

 
945

 
—

 
—
Pension plans with a projected benefit obligation in excess of plan assets
Information for pension plans with a projected benefit obligation in excess of plan assets:
 
 
U.S. Pension Plans
 
International Pension Plans
 
 
2013
 
2012
 
2013
 
2012
Projected benefit obligation
 
$
102

 
$
1,290

 
$
—

 
$
—

Accumulated benefit obligation
 
94

 
1,239

 
—

 
—

Fair value of plan assets
 
—

 
945

 
—

 
—
Components of net periodic benefit cost
Components of net periodic benefit cost:
 
 
U.S. Pension Plans
 
International Pension Plans
Net periodic benefit cost
 
2013
 
2012
 
2011
 
2013
 
2012
 
2011
Service cost
 
$
21

 
$
26

 
$
24

 
$
1

 
$
2

 
$
5

Interest cost
 
54

 
66

 
64

 
8

 
8

 
10

Amortization of prior service cost(a)
 
2


1


1

 
—

 
—

 
—

Expected return on plan assets
 
(59
)
 
(71
)
 
(71
)
 
(12
)
 
(11
)
 
(12
)
Amortization of net loss
 
48

 
63

 
31

 
1

 
1

 
2

Net periodic benefit cost
 
$
66

 
$
85

 
$
49

 
$
(2
)
 
$
—

 
$
5

Additional (gain) loss recognized due to:
Settlements(b)
 
$
30

 
$
89

 
$
—

 
$
—

 
$
—

 
$
—

Special termination benefits(c)
 
$
5

 
$
3

 
$
5

 
$
—

 
$
—

 
$
—

Curtailment(d)
 
$
—

 
$
—

 
$
—

 
$
(5
)
 
$
—

 
$
—


(a)
Prior service costs are amortized on a straight-line basis over the average remaining service period of employees expected to receive benefits.

(b)
Settlement losses result from benefit payments exceeding the sum of the service cost and interest cost for each plan during the year. $10 million and $84 million for 2013 and 2012, respectively of these settlement losses, were not allocated for performance reporting purposes. See Note 4 for discussion of the settlement payments and settlement losses.

(c)
Special termination benefits primarily related to the U.S. business transformation measures taken in 2013, 2012 and 2011.

(d)
Gain is a result of terminating future service benefits for all participants in one of our UK plans in 2013. The gain was recorded in YRI's G&A expenses, as amounts in Accumulated other comprehensive income (loss) related to this plan were in a net gain position.
Pension losses in accumulated other comprehensive income (loss)
Pension (gains) losses in Accumulated other comprehensive income (loss):
 
 
U.S. Pension Plans
 
International Pension Plans
 
 
2013
 
2012
 
2013
 
2012
Beginning of year
 
$
428

 
$
543

 
$
14

 
$
30

Net actuarial (gain) loss
 
(221
)
 
43

 
10

 
(15
)
Curtailments
 
(3
)
 
(10
)
 
—

 
—

Amortization of net loss
 
(48
)
 
(63
)
 
(1
)
 
(1
)
Amortization of prior service cost
 
(2
)
 
(1
)
 
—

 
—

Prior service cost
 
—

 
5

 
—

 
—

Settlement charges
 
(30
)
 
(89
)
 
—

 
—

Exchange rate changes
 
—

 
—

 
—

 
—

End of year
 
$
124

 
$
428

 
$
23

 
$
14
Weighted-average assumptions used to determine benefit obligations and net periodic benefit cost
Weighted-average assumptions used to determine benefit obligations at the measurement dates:
 
 
U.S. Pension Plans
 
International Pension Plans
 
 
2013
 
2012
 
2013
 
2012
Discount rate
 
5.40
%
 
4.40
%
 
4.70
%
 
4.70
%
Rate of compensation increase
 
3.75
%
 
3.75
%
 
N/A

(a) 
3.70
%

Weighted-average assumptions used to determine the net periodic benefit cost for fiscal years:
 
 
U.S. Pension Plans
 
International Pension Plans
 
 
2013
 
2012
 
2011
 
2013
 
2012
 
2011
Discount rate
 
4.40
%
 
4.90
%
 
5.90
%
 
4.69
%
 
4.75
%
 
5.40
%
Long-term rate of return on plan assets
 
7.25
%
 
7.25
%
 
7.75
%
 
5.37
%
 
5.55
%
 
6.64
%
Rate of compensation increase
 
3.75
%
 
3.75
%
 
3.75
%
 
1.74
%
 
3.85
%
 
4.41
%


(a)    As of 2013, both plans presented are now frozen to future service cost credits.
Fair values of pension plan assets
The fair values of our pension plan assets at December 28, 2013 by asset category and level within the fair value hierarchy are as follows:

 
 
U.S. Pension
Plans
 
International
Pension Plans
Level 1:
 
 
 
 
Cash(a)
 
$
—

 
$
1

Level 2:
 
 
 
 
Cash Equivalents(a)
 
5

 
—

Equity Securities – U.S. Large cap(b)
 
329

 
—

Equity Securities – U.S. Mid cap(b)
 
55

 
—

Equity Securities – U.S. Small cap(b)
 
53

 
—

Equity Securities – Non-U.S.(b)
 
110

 
159

Fixed Income Securities – U.S. Corporate(b)
 
234

 
—

Fixed Income Securities – Non-U.S. Corporate(b)
 
—

 
33

Fixed Income Securities – U.S. Government and Government Agencies(c)
 
129

 
—

Fixed Income Securities – Other(d)
 
15

 
66

Total fair value of plan assets(e)
 
$
930

 
$
259


(a)
Short-term investments in money market funds

(b)
Securities held in common trusts

(c)
Investments held directly by the Plan

(d)
Includes securities held in common trusts and investments held directly by the Plan

(e)
U. S. plans exclude net unsettled trades receivable of $3 million
Expected benefit payments
The benefits expected to be paid in each of the next five years and in the aggregate for the five years thereafter are set forth below:

Year ended:
 
U.S.
Pension Plans
 
International
Pension Plans
2014
 
$
50

 
$
1

2015
 
46

 
1

2016
 
48

 
1

2017
 
47

 
1

2018
 
50

 
1

2019 - 2023
 
282

 
7
Schedule of Accumulated pre-tax losses recognized in Accumulated Other Comprehensive Income
Accumulated pre-tax losses recognized within Accumulated Other Comprehensive Income:
 
 
U.S. Pension Plans
 
International Pension Plans
 
 
2013
 
2012
 
2013
 
2012
Actuarial net loss
 
$
119

 
$
421

 
$
23

 
$
14

Prior service cost
 
5

 
7

 
—

 
—

 
 
$
124

 
$
428

 
$
23

 
$
14