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Retirement Benefit Plans
6 Months Ended
Oct. 28, 2011
Compensation and Retirement Disclosure [Abstract]  
Retirement Benefit Plans

Note 18 – Retirement Benefit Plans

 

The Company sponsors various retirement benefit plans, including defined benefit pension plans (pension benefits), post-retirement medical plans (post-retirement benefits), defined contribution savings plans, and termination indemnity plans, covering substantially all U.S. employees and many employees outside the U.S. The net periodic benefit cost of the plans include the following components for the three and six months ended October 28, 2011 and October 29, 2010:

   U.S. Pension Benefits Non-U.S. Pension Benefits Post-Retirement Benefits
   Three months ended Three months ended Three months ended
   October 28,  October 29,  October 28,  October 29,  October 28,  October 29,
(in millions) 2011 2010 2011 2010 2011 2010
Service cost  $ 23 $ 22 $ 11 $ 9 $ 5 $ 5
Interest cost    22   19   7   6   4   4
Expected return on plan assets    (30)   (26)   (9)   (6)   (4)   (3)
Amortization of net actuarial loss    11   8   1   1   1   1
Net periodic benefit cost  $ 26 $ 23 $ 10 $ 10 $ 6 $ 7
                    
   U.S. Pension Benefits Non-U.S. Pension Benefits Post-Retirement Benefits
   Six months ended Six months ended Six months ended
   October 28,  October 29,  October 28,  October 29,  October 28,  October 29,
(in millions) 2011 2010 2011 2010 2011 2010
Service cost  $ 46 $ 44 $ 22 $ 18 $ 10 $ 10
Interest cost    44   38   14   12   8   8
Expected return on plan assets    (60)   (52)   (18)   (12)   (8)   (6)
Amortization of net actuarial loss    22   16   2   2   2   2
Net periodic benefit cost  $ 52 $ 46 $ 20 $ 20$  12 $ 14