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Retirement Plans
6 Months Ended
Jun. 30, 2012
Retirement Plans  
Retirement Plans

Note 2:  Retirement Plans

 

We provide defined benefit pension plans and other postretirement benefits to eligible employees. The components of net periodic benefit cost for these plans are as follows:

 

 

 

Pension Benefits

 

Postretirement Benefits
Other Than Pensions

 

(In millions)

 

June 30,
2012

 

July 2,
2011

 

June 30,
2012

 

July 2,
2011

 

Three Months Ended

 

 

 

 

 

 

 

 

 

Service cost

 

$

29

 

$

32

 

$

1

 

$

2

 

Interest cost

 

76

 

82

 

7

 

8

 

Expected return on plan assets

 

(102

)

(98

)

 

 

Amortization of prior service cost (credit)

 

4

 

4

 

(3

)

(2

)

Amortization of net loss

 

30

 

19

 

1

 

3

 

Net periodic benefit cost

 

$

37

 

$

39

 

$

6

 

$

11

 

Six Months Ended

 

 

 

 

 

 

 

 

 

Service cost

 

$

59

 

$

64

 

$

3

 

$

4

 

Interest cost

 

152

 

164

 

13

 

16

 

Expected return on plan assets

 

(203

)

(196

)

 

 

Amortization of prior service cost (credit)

 

8

 

8

 

(6

)

(3

)

Amortization of net loss

 

59

 

38

 

3

 

6

 

Net periodic benefit cost

 

$

75

 

$

78

 

$

13

 

$

23