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Postretirement Health-Care and Life-Insurance Plans (Tables)
 12 Months Ended
Jun. 28, 2014
Weighted Average Actuarial Assumptions
The weighted average actuarial assumptions used in measuring the net periodic benefit cost (income) and plan obligations for the three years ending June 28, 2014 were:
 
2014
 
2013
 
2012
Net periodic benefit cost (income)
 
 
 
 
 
Discount rate
4.4
%
 
3.9
%
 
5.3
%
Plan obligations
 
 
 
 
 
Discount rate
3.9

 
4.4

 
3.8

Health-care cost trend assumed for the next year
7.0

 
7.5

 
7.5

Rate to which the cost trend is assumed to decline
5.0

 
5.0

 
5.0

Year that rate reaches the ultimate trend rate
2018

 
2018

 
2017
Effect Of One Percent Change In Health Care Trend Rates
A one-percentage-point change in assumed health-care cost trend rates would have the following effects: 
In millions
One Percentage Point Increase

 
One Percentage Point Decrease

Effect on total service and interest components
$
1

 
$
(1
)
Effect on postretirement benefit obligation
8

 
(7
)
Net Periodic Benefit Cost
The components of the net periodic benefit income associated with continuing operations were as follows: 
In millions
2014
 
2013
 
2012
Components of defined benefit net periodic cost (income)
 
 
 
 
 
Service cost
$
2

 
$
2

 
$
2

Interest cost
4

 
4

 
3

Net amortization and deferral
(7
)
 
(9
)
 
(8
)
Curtailment gain
$
(1
)
 
$
—

 
$
—

Net periodic benefit income
$
(2
)
 
$
(3
)
 
$
(3
)
Funded Status Of Postretirement Health-Care And Life-Insurance Plans
The funded status of postretirement health-care and life-insurance plans related to continuing operations at the respective year-ends were:
In millions
2014
 
2013
Accumulated postretirement benefit obligation
 
 
 
Beginning of year
$
90

 
$
101

Service cost
2

 
3

Interest cost
4

 
4

Net benefits paid
(6
)
 
(5
)
Plan participant contributions
1

 
1

Curtailment gain
(1
)
 
—

Actuarial gain
(1
)
 
(14
)
End of year
89

 
90

Fair value of plan assets
—

 
1

Funded status
$
(89
)
 
$
(89
)
Amounts recognized on the consolidated balance sheets
 
 
 
Accrued liabilities
$
(6
)
 
$
(6
)
Other liabilities
(83
)
 
(83
)
Total liability recognized
$
(89
)
 
$
(89
)
Amounts recognized in accumulated other comprehensive loss
 
 
 
Unamortized prior service credit
$
(12
)
 
$
(20
)
Unamortized net actuarial loss
8

 
10

Total
$
(4
)
 
$
(10
)