Employee Benefit Plans (Tables)

12 Months Ended

Dec. 28, 2013

North America

Changes in Pension and Other Postretirement Benefit Obligations, Plan Assets and Funded Status

The following table provides a reconciliation of changes in the projected benefit obligation and the fair value of plan assets from the Merger date through year-end, as well as the funded status of the plan to amounts recognized on the Company’s Consolidated Balance Sheet:

(In millions)	Pension Benefits			Other Benefits
Changes in projected benefit obligation:
Obligation at beginning of period	$	1,135		$	17
Service cost		—			—
Interest cost		7			—
Actuarial gain		(12	)		—
Benefits paid		(8	)		—
Obligation at end of period	$	1,122		$	17
Change in plan assets:
Fair value of plan assets at beginning of period	$	972		$	—
Actual return on plan assets		22			—
Benefits paid		(8	)		—
Fair value of plan assets at end of period		986			—
Net liability recognized at end of period	$	(136	)	$	(17	)

Amount recognized in Consolidated Balance Sheets Related to Defined Benefit Pension and Other Postretirement Benefit Plans

The following table shows the amounts recognized in the Consolidated Balance Sheets related to the Company’s North America defined benefit pension and other postretirement benefit plans as of year-end:

(In millions)	Pension Benefits			Other Benefits
Noncurrent assets	$	10		$	—
Current liabilities		(3	)		(1	)
Noncurrent liabilities		(143	)		(16	)
Net amount recognized	$	(136	)	$	(17	)

Amounts Recognized in Accumulated Other Comprehensive Loss

Amounts recognized in accumulated other comprehensive gain consist of:

(In millions)	Pension Benefits			Other Benefits
Net gain	$	(26	)	$	—
Prior service cost (credit)		—			—
Total	$	(26	)	$	—

Information for Pension Plans With an Accumulated Benefit Obligation in Excess of Plan Assets

Information for pension plans with an accumulated benefit obligation in excess of plan assets is as follows:

(In millions)	2013
Projected benefit obligation	$	(785)
Accumulated benefit obligation		(785	)
Fair value of plan assets		639

Components of net periodic cost (benefit)

The components of net periodic benefit are as follows:

(In millions)	Pension Benefits			Other Benefits
Service cost	$	—		$	—
Interest cost		7			—
Expected return on plan assets		(8	)		—
Net periodic benefit	$	(1	)	$	—

Other Changes In Plan Assets And Benefit Obligations Recognized In Other Comprehensive Income

Other changes in plan assets and benefit obligations recognized in other comprehensive income are as follows:

(In millions)	Pension Benefits			Other Benefits
Accumulated other comprehensive gain at beginning of the period	$	—		$	—
Net gain		(26	)		—
Accumulated other comprehensive gain at end of the period	$	(26	)	$	—

Weighted Average Assumptions Used in the Measurement of Benefit Obligations

The following table presents the key weighted average assumptions used in the measurement of the Company’s benefit obligations as of year-end:

				Other Benefits
	Pension Benefits			United States			Canada
Discount rate		4.84	%		4.00	%		4.80	%

The following table presents the weighted average assumptions used in the measurement of net periodic benefit for the period from Merger date through year-end:

				Other Benefits
	Pension Benefits			United States			Canada
Discount rate		4.76	%		3.80	%		4.60	%
Expected long-term rate of return on plan assets		6.60	%		—	%		—	%

Assumed Healthcare Cost Trend Rates

The following table presents the assumed healthcare cost trend rates used in measuring the Company’s postretirement benefit obligations at year-end:

	2013
Weighted average assumptions as of year-end:
Healthcare cost trend rate assumed for next year		6.70	%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)		4.50	%
Year that the rate reaches the ultimate trend rate		2022

Allocation of Plan Assets Table

The allocation of pension plan assets by category at year-end is as follows:

	2013
Money market funds		3	%
Equity securities		8	%
Fixed-income securities		53	%
Equity mutual funds		36	%
		100	%

Schedule Of Fair Value Of Plan Assets By Assets Category

The following table presents the pension plan assets by level within the fair value hierarchy at year-end.

(In millions)			Fair Value Measurements at December 28, 2013
Asset Category	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Money market funds	$	25	$	25	$	—	$	—
Equity securities
U.S. large-cap		18		18		—		—
U.S. small and mid-cap		4		4		—		—
International		56		56		—		—
Total equity securities		78		78		—		—
Fixed-income securities
Corporate bonds		459		—		459		—
Government securities		18		—		18		—
Other fixed-income		41		—		41		—
Total fixed-income securities		518		—		518
Other
Equity mutual funds		353		—		353		—
Other, including plan receivables and payables		12		12		—		—
	$	986	$	115	$	871	$	—

Anticipated Benefit Payments

Company. Anticipated benefit payments by year are as follows:

(In millions)	Pension Benefits		Other Benefits
2014	$	95	$	1
2015		93		1
2016		91		1
2017		88		1
2018		86		1
Next five years	$	398	$	5

Europe

Changes in Pension and Other Postretirement Benefit Obligations, Plan Assets and Funded Status

The following table provides a reconciliation of changes in the projected benefit obligation, the fair value of plan assets and the funded status of the plan to amounts recognized on the Company’s Consolidated Balance Sheets.

(In millions)	December 28, 2013			December 29, 2012
Changes in projected benefit obligation:
Obligation at beginning of period	$	208		$	182
Service cost		—			—
Interest cost		9			9
Benefits paid		(4	)		(5	)
Actuarial loss		6			14
Currency translation		5			8
Obligation at end of period		224			208
Changes in plan assets:
Fair value of plan assets at beginning of period		216			133
Actual return on plan assets		14			22
Company contributions		—			59
Benefits paid		(4	)		(5	)
Currency translation		6			7
Fair value of plan assets at end of period		232			216
Net asset recognized at end of period	$	8		$	8

Components of net periodic cost (benefit)

The components of net periodic cost (benefit) are presented below:

(In millions)	2013			2012			2011
Service cost	$	—		$	—		$	—
Interest cost		9			9			10
Expected return on plan assets		(13	)		(11	)		(9	)
Net periodic pension cost (benefit)	$	(4	)	$	(2	)	$	1

Weighted Average Assumptions Used in the Measurement of Benefit Obligations

Assumptions used in calculating the funded status included:

	2013			2012			2011
Expected long-term rate of return on plan assets		6.33	%		6.00	%		6.00%
Discount rate		4.60	%		4.40	%		4.70%
Salary increases		—			—			—
Inflation		3.40	%		3.00	%		3.00%

Allocation of Plan Assets Table

The allocation of Plan assets is as follows:

	2013			2012
Cash		1	%		—
Equity securities		54	%		64%
Fixed-income securities		45	%		36%
Total		100	%		100%

Schedule Of Fair Value Of Plan Assets By Assets Category

The fair value of plan assets by asset category is as follows:

(In millions)			Fair Value Measurements at December 28, 2013
Asset Category	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Cash	$	1	$	1	$	—	$	—
Equity securities
Developed market equity funds		77		69		8		—
Emerging market equity funds		16		14		2		—
Mutual funds real estate		8		—		1		7
Mutual funds		22		—		22		—
Total equity securities		123		83		33		7
Fixed-income securities
UK debt funds		19		—		19		—
Liability term matching debt funds		73		—		73		—
Emerging market debt fund		9		—		9		—
High yield debt		7		—		7		—
Total fixed-income securities		108		—		108		—
Total	$	232	$	84	$	141	$	7

(In millions)			Fair Value Measurements at December 29, 2012
Asset Category	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Equity securities
Developed market equity funds	$	72	$	72	$	—	$	—
Emerging market equity funds		67		—		67		—
Total equity securities		139		72		67		—
Debt securities
UK debt funds		12		—		12		—
Liability term matching debt funds		65		—		65		—
Total debt securities		77		—		77		—
Total	$	216	$	72	$	144	$	—

Anticipated Benefit Payments

Anticipated benefit payments for the European pension plan, at December 28, 2013 exchange rates, are as follows:

(In millions)	Benefit Payments
2014	$	5
2015		5
2016		5
2017		5
2018		5
Next five years	$	28

Reconciliation of the Change in Fair Value of the Pension Plan Assets Calculated based on Level 3 Inputs

The following is a reconciliation of the change in fair value of the pension plan assets calculated based on Level 3 inputs; there were no transfers out of assets valued based on Level 3 inputs:

(In millions)	Total
Balance at December 29, 2012	$	—
Purchases, sales, and settlements		7
Balance at December 28, 2013	$	7