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Retirement Plans
9 Months Ended
Sep. 30, 2017
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 (credit) for these plans are as follows:

 

 

 

Three Months Ended

Nine Months Ended

(In millions)

 

September 30,
2017

October 1,
2016

September 30,
2017

October 1,
2016

Pension Benefits

    

 

    

 

    

 

    

 

    

 

 

 

   

 

   

 

   

 

   

Service cost

 

$

25

$

25  

$

75

$

74  

Interest cost

 

 

81

 

84  

 

242

 

254  

Expected return on plan assets

 

 

(127)

 

(123) 

 

(380)

 

(368) 

Amortization of net actuarial loss

 

 

34

 

26  

 

102

 

78  

Amortization of prior service cost

 

 

4

 

4  

 

12

 

11  

 

 

 

 

 

 

 

 

 

 

Net periodic benefit cost

 

$

17

$

16  

$

51

$

49  

 

 

 

 

 

 

 

 

 

 

Postretirement Benefits Other Than Pensions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

1

$

1  

$

2

$

2  

Interest cost

 

 

3

 

4  

 

9

 

12  

Amortization of prior service credit

 

 

(2)

 

(6) 

 

(6)

 

(17) 

 

 

 

 

 

 

 

 

 

 

Net periodic benefit cost (credit)

 

$

2

$

(1) 

$

5

$

(3) 

 

 

 

 

 

 

 

 

 

 

 

In September 2017, we made a $300 million discretionary contribution to fund a U.S. pension plan.