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Retirement Plans
9 Months Ended
Sep. 27, 2014
Retirement Plans  
Retirement Plans

Note 3. 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)

 

September 27,
2014

 

September 28,
2013

 

September 27,
2014

 

September 28,
2013

 

Three Months Ended

 

 

 

 

 

 

 

 

 

Service cost

 

$

27

 

$

33

 

$

1

 

$

1

 

Interest cost

 

86

 

72

 

5

 

5

 

Expected return on plan assets

 

(117)

 

(104

)

 

 

Amortization of prior service cost (credit)

 

3

 

4

 

(5)

 

(6

)

Amortization of net actuarial loss

 

28

 

46

 

 

2

 

Net periodic benefit cost

 

$

27

 

$

51

 

$

1

 

$

2

 

Nine Months Ended

 

 

 

 

 

 

 

 

 

Service cost

 

$

81

 

$

100

 

$

3

 

$

5

 

Interest cost

 

250

 

218

 

15

 

15

 

Expected return on plan assets

 

(345)

 

(314

)

 

 

Amortization of prior service cost (credit)

 

11

 

11

 

(16)

 

(11

)

Amortization of net actuarial loss

 

84

 

138

 

1

 

5

 

Net periodic benefit cost

 

$

81

 

$

153

 

$

3

 

$

14