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Pensions and Other Postretirement Benefits (Tables)
9 Months Ended
Oct. 02, 2016
Compensation and Retirement Disclosure [Abstract]  
Components of Net Periodic Benefit Cost
Net periodic benefit cost for the Company’s defined benefit retirement plans and other benefit plans for the fiscal third quarters of 2016 and 2015 include the following components:
 
 
Fiscal Third Quarters Ended
 
 
Retirement Plans
 
Other Benefit Plans
(Dollars in Millions)
 
October 2, 2016
 
September 27, 2015
 
October 2, 2016
 
September 27, 2015
Service cost
 
$
224

 
247

 
56

 
64

Interest cost
 
232

 
246

 
39

 
46

Expected return on plan assets
 
(490
)
 
(451
)
 
(1
)
 
(2
)
Amortization of prior service cost/(credit)
 
2

 

 
(9
)
 
(8
)
Recognized actuarial losses
 
123

 
186

 
33

 
50

Curtailments and settlements
 
6

 

 

 

Net periodic benefit cost
 
$
97

 
228

 
118

 
150

 
 
 
 
 
 
 
 
 
 
 
Fiscal Nine Months Ended
 
 
Retirement Plans
 
Other Benefit Plans
(Dollars in Millions)
 
October 2, 2016
 
September 27, 2015
 
October 2, 2016
 
September 27, 2015
Service cost
 
$
676

 
744

 
166

 
193

Interest cost
 
698

 
743

 
118

 
139

Expected return on plan assets
 
(1,475
)
 
(1,361
)
 
(4
)
 
(5
)
Amortization of prior service cost/(credit)
 
2

 
1

 
(25
)
 
(25
)
Recognized actuarial losses
 
371

 
560

 
101

 
150

Curtailments and settlements
 
11

 
4

 

 

Net periodic benefit cost
 
$
283

 
691

 
356

 
452