Employee Related Obligations

12 Months Ended

Dec. 30, 2012

At the end of 2012 and 2011, employee related obligations recorded on the Consolidated Balance Sheets were:



(Dollars in Millions)	2012		2011
Pension benefits	$	4,488	3,937
Postretirement benefits	2,789		2,843
Postemployment benefits	1,452		1,129
Deferred compensation	747		863
Total employee obligations	9,476		8,772
Less current benefits payable	394		419
Employee related obligations — non-current	$	9,082	8,353

Prepaid employee related obligations of $194 million and $249 million for 2012 and 2011, respectively, are included in other assets on the Consolidated Balance Sheets.

- Definition

The entire disclosure for compensation costs, including compensated absences accruals, compensated absences liability, deferred compensation arrangements and income statement compensation items. Deferred compensation arrangements may include a description of an arrangement with an individual employee, which is generally an employment contract between the entity and a selected officer or key employee containing a promise by the employer to pay certain amounts at designated future dates, usually including a period after retirement, upon compliance with stipulated requirements. This type of arrangement is distinguished from broader based employee benefit plans as it is usually tailored to the employee. Disclosure also typically includes the amount of related compensation expense recognized during the reporting period, the number of shares (units) issued during the period under such arrangements, and the carrying amount as of the balance sheet date of the related liability.

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