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Pensions and Other Postretirement Benefits (Tables)
 12 Months Ended
Dec. 29, 2013
Compensation and Retirement Disclosure [Abstract]  
Components of net periodic benefit cost
Net periodic benefit costs for the Company’s defined benefit retirement plans and other benefit plans for 2013, 2012 and 2011 include the following components:
 
 
Retirement Plans
 
Other Benefit Plans
(Dollars in Millions)
 
2013
 
2012
 
2011
 
2013
 
2012
 
2011
Service cost
 
$
906

 
722

 
638

 
196

 
175

 
149

Interest cost
 
908

 
878

 
853

 
151

 
165

 
188

Expected return on plan assets
 
(1,447
)
 
(1,236
)
 
(1,108
)
 
(6
)
 
(4
)
 
(1
)
Amortization of prior service cost (credit)
 
6

 
6

 
9

 
(2
)
 
(3
)
 
(3
)
Amortization of net transition obligation
 
1

 
1

 
1

 
—

 
—

 
—

Recognized actuarial losses
 
681

 
494

 
388

 
111

 
76

 
45

Curtailments and settlements
 
—

 
—

 
—

 
2

 
—

 
—

Net periodic benefit cost
 
$
1,055

 
865

 
781

 
452

 
409

 
378
Amounts expected to be recognized in net periodic benefit cost
Amounts expected to be recognized in net periodic benefit cost in the coming year for the Company’s defined benefit retirement plans and other post-retirement plans:
(Dollars in Millions)
 
Amortization of net transition obligation
$
—

Amortization of net actuarial losses
553

Amortization of prior service cost
3
Rates Used to Develop Actuarial Present Value of Projected Benefit Obligation
The weighted-average assumptions in the following table represent the rates used to develop the actuarial present value of projected benefit obligation for the year listed and also the net periodic benefit cost for the following year.
 
 
Retirement Plans
 
Other Benefit Plans
 
 
2013
 
2012
 
2011
 
2013
 
2012
 
2011
Worldwide Benefit Plans
 
 
 
 
 
 
 
 
 
 
 
 
Discount rate
 
4.78
%
 
4.25
%
 
5.13
%
 
5.25
%
 
4.55
%
 
5.25
%
Expected long-term rate of return on plan assets
 
8.46
%
 
8.45
%
 
8.62
%
 
 
 
 
 
 
Rate of increase in compensation levels
 
4.08
%
 
4.08
%
 
4.19
%
 
4.29
%
 
4.28
%
 
4.28
%
Assumed health care cost trend rates
The following table displays the assumed health care cost trend rates, for all individuals:
Health Care Plans
 
2013
 
2012
Health care cost trend rate assumed for next year
 
6.50
%
 
6.50
%
Rate to which the cost trend rate is assumed to decline (ultimate trend)
 
4.50
%
 
4.50
%
Year the rate reaches the ultimate trend rate
 
2032

 
2032
Effect of one percentage point change in assumed health care cost trend rates
A one-percentage-point change in assumed health care cost trend rates would have the following effect:
 
 
One-Percentage-
 
One-Percentage-
(Dollars in Millions)
 
Point Increase
 
Point Decrease
Health Care Plans
 
 

 
 

Total interest and service cost
 
$
45

 
$
(34
)
Post-retirement benefit obligation
 
432

 
(347
)
Schedule of Net Funded Status
The following table sets forth information related to the benefit obligation and the fair value of plan assets at year-end 2013 and 2012 for the Company’s defined benefit retirement plans and other post-retirement plans:
 
 
Retirement Plans
 
Other Benefit Plans
(Dollars in Millions)
 
2013
 
2012
 
2013
 
2012
Change in Benefit Obligation
 
 
 
 
 
 
 
 
Projected benefit obligation — beginning of year
 
$
21,829

 
17,424

 
4,159

 
3,790

Service cost
 
906

 
722

 
196

 
175

Interest cost
 
908

 
878

 
151

 
165

Plan participant contributions
 
54

 
35

 
—

 
—

Amendments
 
35

 
12

 
7

 
—

Actuarial (gains) losses
 
(1,432
)
 
2,662

 
296

 
459

Divestitures & acquisitions
 
8

 
629

 
—

 
—

Curtailments, settlements & restructuring
 
(15
)
 
(6
)
 
(11
)
 
—

Benefits paid from plan
 
(751
)
 
(697
)
 
(373
)
 
(432
)
Effect of exchange rates
 
(54
)
 
170

 
(18
)
 
2

Projected benefit obligation — end of year
 
$
21,488

 
21,829

 
4,407

 
4,159

Change in Plan Assets
 
 
 
 
 
 
 
 
Plan assets at fair value — beginning of year
 
$
17,536

 
13,736

 
122

 
8

Actual return on plan assets
 
3,573

 
1,926

 
15

 
3

Company contributions
 
565

 
1,838

 
323

 
543

Plan participant contributions
 
54

 
35

 
—

 
—

Settlements
 
(4
)
 
(2
)
 
—

 
—

Divestitures & acquisitions
 
9

 
593

 
—

 
—

Benefits paid from plan assets
 
(751
)
 
(697
)
 
(373
)
 
(432
)
Effect of exchange rates
 
(81
)
 
107

 
—

 
—

Plan assets at fair value — end of year
 
$
20,901

 
17,536

 
87

 
122

Funded status — end of year
 
$
(587
)
 
(4,293
)
 
(4,320
)
 
(4,037
)
Amounts Recognized in the Company’s Balance Sheet consist of the following:
 
 
 
 
 
 
 
 
Non-current assets
 
$
2,363

 
194

 
$
—

 
—

Current liabilities
 
(71
)
 
(65
)
 
(302
)
 
(307
)
Non-current liabilities
 
(2,879
)
 
(4,422
)
 
(4,018
)
 
(3,730
)
Total recognized in the consolidated balance sheet — end of year
 
$
(587
)
 
(4,293
)
 
$
(4,320
)
 
(4,037
)
Amounts Recognized in Accumulated Other Comprehensive Income consist of the following:
 
 
 
 
 
 
 
 
Net actuarial loss
 
$
3,344

 
7,586

 
$
1,732

 
1,601

Prior service cost (credit)
 
26

 
9

 
(6
)
 
(14
)
Unrecognized net transition obligation
 
2

 
2

 
—

 
—

Total before tax effects
 
$
3,372

 
7,597

 
$
1,726

 
1,587

 
 
 
 
 
 
 
 
 
Accumulated Benefit Obligations — end of year
 
$
19,203

 
19,267

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Retirement Plans
 
Other Benefit Plans
(Dollars in Millions)
 
2013
 
2012
 
2013
 
2012
Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income
 
 
 
 
 
 
 
 
Net periodic benefit cost
 
$
1,055

 
865

 
$
452

 
409

Net actuarial (gain) loss
 
(3,559
)
 
2,007

 
248

 
458

Amortization of net actuarial loss
 
(681
)
 
(494
)
 
(111
)
 
(76
)
Prior service cost
 
34

 
12

 
8

 
—

Amortization of prior service (cost) credit
 
(13
)
 
(6
)
 
—

 
3

Effect of exchange rates
 
(6
)
 
79

 
(6
)
 
1

Total recognized in other comprehensive income, before tax
 
$
(4,225
)
 
1,598

 
$
139

 
386

Total recognized in net periodic benefit cost and other comprehensive income
 
$
(3,170
)
 
2,463

 
$
591

 
795
Information related to the benefit obligation and the fair value of plan assets
The following table displays the funded status of the Company's U.S. Qualified & Non-Qualified pension plans and international funded and unfunded pension plans at December 29, 2013 and December 30, 2012, respectively:

 
U.S. Plans
International Plans
 
Qualified Plans
Non-Qualified Plans
Funded Plans
Unfunded Plans
(Dollars in Millions)
2013
2012
2013
2012
2013
2012
2013
2012
Plan Assets
$
13,990

11,464

—

—

6,911

6,072

—

—

Projected Benefit Obligation
11,921

12,420

1,296

1,343

7,797

7,586

474

480

Accumulated Benefit Obligation
10,745

11,001

1,065

1,070

6,974

6,774

419

422

Over (Under) Funded Status
 
 
 
 
 
 
 
 
Projected Benefit Obligation
$
2,069

(956
)
(1,296
)
(1,343
)
(886
)
(1,514
)
(474
)
(480
)
Accumulated Benefit Obligation
3,245

463

(1,065
)
(1,070
)
(63
)
(702
)
(419
)
(422
)
Projected future benefit payments from company's retirement and other benefit plans
The following table displays the projected future benefit payments from the Company’s retirement and other benefit plans:
(Dollars in Millions)
 
2014
 
2015
 
2016
 
2017
 
2018
 
2019-2023
Projected future benefit payments
 
 
 
 
 
 
 
 
 
 
 
 
Retirement plans
 
$
778

 
794

 
840

 
890

 
933

 
6,071

Other benefit plans 
 
$
313

 
309

 
305

 
302

 
299

 
1,469
Projected future minimum contributions to the Company's U.S. and international unfunded retirement plans
The following table displays the projected future minimum contributions to the unfunded retirement plans. These amounts do not include any discretionary contributions that the Company may elect to make in the future.
(Dollars in Millions)
 
2014
 
2015
 
2016
 
2017
 
2018
 
2019-2023
Projected future contributions
 
$
74

 
73

 
78

 
95

 
89

 
524
Company' retirement plan asset allocation and target allocations
The Company’s retirement plan asset allocation at the end of 2013 and 2012 and target allocations for 2014 are as follows:
 
 
Percent of
Plan Assets
 
Target
Allocation
 
 
2013
 
2012
 
2014
Worldwide Retirement Plans
 
 
 
 
 
 
Equity securities
 
76
%
 
75
%
 
71
%
Debt securities
 
24

 
25

 
29

Total plan assets
 
100
%
 
100
%
 
100
%
Schedule of Defined Benefit Plans Disclosures
The following table sets forth the Retirement Plans' trust investments measured at fair value as of December 29, 2013 and December 30, 2012:
 
 
Quoted Prices
in Active
Markets for
Identical Assets
 
Significant
Other
Observable
Inputs
 
Significant
Unobservable
Inputs
 
 
 
 
 
 
(Level 1)
 
(Level 2)
 
(Level 3)
 
Total Assets
(Dollars in Millions)
 
2013
 
2012
 
2013
 
2012
 
2013
 
2012
 
2013
 
2012
Short-term investment funds
 
$
304

 
155

 
561

 
627

 
—

 
—

 
865

 
782

Government and agency securities
 
—

 
53

 
1,965

 
1,706

 
—

 
—

 
1,965

 
1,759

Debt instruments
 
—

 
2

 
1,215

 
1,641

 
1

 
3

 
1,216

 
1,646

Equity securities
 
10,526

 
8,104

 
23

 
1

 
4

 
4

 
10,553

 
8,109

Commingled funds
 
—

 
11

 
5,846

 
4,985

 
44

 
50

 
5,890

 
5,046

Insurance contracts
 
—

 
—

 
2

 
—

 
23

 
24

 
25

 
24

Other assets
 
4

 
—

 
314

 
101

 
69

 
69

 
387

 
170

Trust investments at fair value
 
$
10,834

 
8,325

 
9,926

 
9,061

 
141

 
150

 
20,901

 
17,536
Summary of changes in the fair value of the Plan's Level 3 assets
The table below sets forth a summary of changes in the fair value of the Plan’s Level 3 assets for the years ended December 29, 2013 and December 30, 2012:
(Dollars in Millions)
 
Debt Instruments
 
Equity Securities
 
Commingled Funds
 
Insurance Contracts
 
Other Assets
 
Total Level 3
Balance January 1, 2012
 
$
9

 
16

 
33

 
25

 
65

 
148

Realized gains (losses)
 
—

 
(1
)
 
—

 
—

 
(5
)
 
(6
)
Unrealized gains (losses)
 
—

 
—

 
—

 
—

 
—

 
—

Purchases, sales, issuances and settlements, net
 
(6
)
 
(11
)
 
17

 
(1
)
 
9

 
8

Balance December 30, 2012
 
3

 
4

 
50

 
24

 
69

 
150

Realized gains (losses)
 
—

 
—

 
—

 
—

 
(5
)
 
(5
)
Unrealized gains (losses)
 
—

 
(1
)
 
—

 
(1
)
 
—

 
(2
)
Purchases, sales, issuances and settlements, net
 
(2
)
 
1

 
(6
)
 
—

 
5

 
(2
)
Balance December 29, 2013
 
$
1

 
4

 
44

 
23

 
69

 
141