EMPLOYEE BENEFIT PLANS (Tables)

6 Months Ended

Jun. 25, 2016

North America

Components of Net Periodic Pension Benefit

The components of net periodic pension benefit for the Company’s North American pension plans are as follows:

	Second Quarter						First Half
(In millions)	2016			2015			2016			2015
Service cost	$	2		$	1		$	4		$	2
Interest cost		12			11			23			23
Expected return on plan assets		(14	)		(14	)		(28	)		(28	)
Net periodic pension benefit	$	—		$	(2	)	$	(1	)	$	(3	)

Europe

Components of Net Periodic Pension Benefit

The components of net periodic pension benefit for the Company’s European pension plan are as follows:

	Second Quarter						First Half
(In millions)	2016			2015			2016			2015
Service cost	$	—		$	—		$	—		$	—
Interest cost		2			2			4			4
Expected return on plan assets		(3	)		(3	)		(6	)		(7	)
Net periodic pension benefit	$	(1	)	$	(1	)	$	(2	)	$	(3	)