Pensions and Other Postretirement Benefits (Notes)

3 Months Ended

Mar. 30, 2014

Pensions and Other Postretirement Benefits [Abstract]

Pension and Other Postretirement Benefits Disclosure

PENSIONS AND OTHER POSTRETIREMENT BENEFITS

Components of Net Periodic Benefit Cost

Net periodic benefit cost for the Company’s defined benefit retirement plans and other benefit plans for the fiscal first quarters of 2014 and 2013 include the following components:

	Retirement Plans					Other Benefit Plans
	Fiscal First Quarters Ended
(Dollars in Millions)	March 30, 2014			March 31, 2013		March 30, 2014		March 31, 2013
Service cost	$	197		206		53		48
Interest cost	257			228		50		37
Expected return on plan assets	(402		)	(363	)	(2	)	(1	)
Amortization of prior service cost/(credit)	1			4		(9	)	(1	)
Recognized actuarial losses	113			168		34		28
Net periodic benefit cost	$	166		243		126		111

Company Contributions

For the fiscal first quarter March 30, 2014, the Company contributed $13 million and $9 million to its U.S. and international retirement plans, respectively. The Company plans to continue to fund its U.S. defined benefit plans to comply with the Pension Protection Act of 2006. International plans are funded in accordance with local regulations.