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Pensions and Other Postretirement Benefits (Notes)
9 Months Ended
Sep. 28, 2014
Compensation and Retirement Disclosure [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 third quarters of 2014 and 2013 include the following components:
 
 
Fiscal Third Quarters Ended
 
 
Retirement Plans
 
Other Benefit Plans
(Dollars in Millions)
 
September 28, 2014
 
September 29, 2013
 
September 28, 2014
 
September 29, 2013
Service cost
 
$
197

 
204

 
52

 
49

Interest cost
 
255

 
226

 
50

 
37

Expected return on plan assets
 
(403
)
 
(360
)
 
(2
)
 
(1
)
Amortization of prior service cost/(credit)
 
1

 
1

 
(8
)
 
(1
)
Recognized actuarial losses
 
115

 
169

 
33

 
29

Curtailments and settlements
 
(11
)
 

 

 

Net periodic benefit cost
 
$
154

 
240

 
125

 
113


Net periodic benefit cost for the Company’s defined benefit retirement plans and other benefit plans for the fiscal nine months of 2014 and 2013 include the following components:
 
 
Fiscal Nine Months Ended
 
 
Retirement Plans
 
Other Benefit Plans
(Dollars in Millions)
 
September 28, 2014
 
September 29, 2013
 
September 28, 2014
 
September 29, 2013
Service cost
 
$
594

 
615

 
158

 
147

Interest cost
 
768

 
681

 
149

 
112

Expected return on plan assets
 
(1,212
)
 
(1,084
)
 
(5
)
 
(4
)
Amortization of prior service cost/(credit)
 
4

 
4

 
(25
)
 
(2
)
Recognized actuarial losses
 
346

 
509

 
101

 
84

Curtailments and settlements
 
(11
)
 

 

 

Net periodic benefit cost
 
$
489

 
725

 
378

 
337

 
 
 
 
 
 
 
 
 


Company Contributions

For the fiscal nine months ended September 28, 2014, the Company contributed $36 million and $27 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.