Employee Benefits

3 Months Ended

Mar. 31, 2012

Employee Benefits [Abstract]

Employee Benefits [Text Block]

Note 7 Employee benefits

The Company sponsors a number of U.S. and foreign pension, other nonpension postretirement and postemployment plans to provide various benefits for its employees. These plans are described within the footnotes to the Consolidated Financial Statements included in the Company's 2011 Annual Report on Form 10-K. Components of Company plan benefit expense for the periods presented are included in the tables below.

Pension
		Quarter ended
(millions)		March 31, 2012		April 2, 2011
Service cost	$	28	$	26
Interest cost		51		52
Expected return on plan assets		(92)		(92)
Amortization of unrecognized prior service cost		4		4
Recognized net loss		36		26
Settlement cost		-		1
Total pension expense	$	27	$	17
Other nonpension postretirement
		Quarter ended
(millions)		March 31, 2012		April 2, 2011
Service cost	$	6	$	6
Interest cost		13		16
Expected return on plan assets		(22)		(22)
Amortization of unrecognized prior service cost (credit)		-		(1)
Recognized net loss		4		5
Total postretirement benefit expense	$	1	$	4
Postemployment
		Quarter ended
(millions)		March 31, 2012		April 2, 2011
Service cost	$	2	$	2
Interest cost		1		1
Recognized net loss		1		1
Total postemployment benefit expense	$	4	$	4

Company contributions to employee benefit plans are summarized as follows:
					Nonpension
(millions)			Pension		postretirement		Total
Quarter ended:
	March 31, 2012	$	21	$	4	$	25
	April 2, 2011	$	174	$	4	$	178
Full year:
	Fiscal year 2012 (projected)	$	34	$	17	$	51
	Fiscal year 2011 (actual)	$	180	$	12	$	192

Plan funding strategies may be modified in response to management's evaluation of tax deductibility, market conditions, and competing investment alternatives.