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Retirement Plans
6 Months Ended
Jun. 29, 2013
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 29,
2013

 

June 30,
2012

 

June 29,
2013

 

June 30,
2012

 

Three Months Ended

 

 

 

 

 

 

 

 

 

Service cost

 

$

34

 

$

29

 

$

2

 

$

1

 

Interest cost

 

73

 

76

 

5

 

7

 

Expected return on plan assets

 

(105

)

(102

)

 

 

Amortization of prior service cost (credit)

 

3

 

4

 

(2

)

(3

)

Amortization of net actuarial loss

 

46

 

30

 

1

 

1

 

Net periodic benefit cost

 

$

51

 

$

37

 

$

6

 

$

6

 

Six Months Ended

 

 

 

 

 

 

 

 

 

Service cost

 

$

67

 

$

59

 

$

4

 

$

3

 

Interest cost

 

146

 

152

 

10

 

13

 

Expected return on plan assets

 

(210

)

(203

)

 

 

Amortization of prior service cost (credit)

 

7

 

8

 

(5

)

(6

)

Amortization of net actuarial loss

 

92

 

59

 

3

 

3

 

Net periodic benefit cost

 

$

102

 

$

75

 

$

12

 

$

13