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Postretirement Benefit Plans
 6 Months Ended
Dec. 29, 2017
Retirement Benefits [Abstract]  
Postretirement Benefit Plans
Postretirement Benefit Plans
The following tables provide the components of our net periodic benefit income for our defined benefit plans, including defined benefit pension plans and other postretirement defined benefit plans:
 
 
Quarter Ended December 29, 2017
 
Two Quarters Ended December 29, 2017
 
 
Pension
 
Other
Benefits
 
Total
 
Pension
 
Other
Benefits
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(In millions)
Net periodic benefit income
 
 
 
 
 
 
 
 
 
 
 
Service cost
$
9

 
$
1

 
$
10

 
$
19

 
$
1

 
$
20

Interest cost
49

 
2

 
51

 
97

 
4

 
101

Expected return on plan assets
(92
)
 
(4
)
 
(96
)
 
(184
)
 
(8
)
 
(192
)
Amortization of net actuarial loss
—

 
(1
)
 
(1
)
 
—

 
(1
)
 
(1
)
Total net periodic benefit income
$
(34
)
 
$
(2
)
 
$
(36
)
 
$
(68
)
 
$
(4
)
 
$
(72
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Quarter Ended December 30, 2016
 
Two Quarters Ended December 30, 2016
 
 
Pension
 
Other
Benefits
 
Total
 
Pension
 
Other
Benefits
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(In millions)
Net periodic benefit income
 
 
 
 
 
 
 
 
 
 
 
Service cost(1)
$
14

 
$
—

 
$
14

 
$
29

 
$
—

 
$
29

Interest cost
46

 
2

 
48

 
92

 
4

 
96

Expected return on plan assets
(85
)
 
(4
)
 
(89
)
 
(170
)
 
(8
)
 
(178
)
Total net periodic benefit income
$
(25
)
 
$
(2
)
 
$
(27
)
 
$
(49
)
 
$
(4
)
 
$
(53
)
 
 
 
 
 

(1)
$1 million of the service cost component of net periodic benefit income is included as a component of the “Discontinued operations, net of income taxes” line item in our Condensed Consolidated Statement of Income (Unaudited) for the two quarters ended December 30, 2016. 
We made a $400 million voluntary contribution to our U.S. qualified pension plans during fiscal 2017. As a result, we made no contributions to our U.S. qualified defined benefit pension plans and minor contributions to our non-U.S. pension plan during the quarter and two quarters ended December 29, 2017. We currently anticipate making voluntary contributions of approximately $300 million to our U.S. qualified defined benefit pension plans and contributions of approximately $1 million to our non-U.S. pension plan during the remainder of fiscal 2018. We contributed $39 million and $103 million to our U.S. qualified defined benefit pension plans during the quarter and two quarters ended December 30, 2016, respectively.
The U.S. Salaried Retirement Plan (“U.S. SRP”), a U.S. qualified pension plan, is our largest defined benefit pension plan, with assets valued at $4.4 billion and a projected benefit obligation of $5.6 billion as of June 30, 2017. Effective December 31, 2016, future benefit accruals under the U.S. SRP benefit formula were frozen for all employees and replaced with a 1% cash balance defined benefit formula for certain non-highly compensated employees.