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Pensions and Other Benefit Plans
9 Months Ended
Sep. 30, 2018
Retirement Benefits [Abstract]  
Pensions and Other Benefit Plans
PENSIONS AND OTHER BENEFIT PLANS

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 and fiscal nine months of 2018 and 2017 include the following components:
 
 
Fiscal Third Quarters Ended
 
Fiscal Nine Months Ended
 
 
Retirement Plans
 
Other Benefit Plans
 
Retirement Plans
 
Other Benefit Plans
(Dollars in Millions)
 
September 30, 2018
 
October 1, 2017
 
September 30, 2018
 
October 1, 2017
 
September 30, 2018
 
October 1, 2017
 
September 30, 2018
 
October 1, 2017
Service cost
 
$
307

 
266

 
67

 
62

 
925

 
772

 
202

 
185

Interest cost
 
247

 
232

 
37

 
40

 
748

 
693

 
112

 
119

Expected return on plan assets
 
(550
)
 
(514
)
 
(1
)
 
(2
)
 
(1,664
)
 
(1,528
)
 
(5
)
 
(5
)
Amortization of prior service cost/(credit)
 
1

 
1

 
(7
)
 
(8
)
 
2

 
2

 
(23
)
 
(23
)
Recognized actuarial losses
 
213

 
154

 
31

 
34

 
641

 
456

 
92

 
103

Curtailments and settlements
 

 
2

 

 

 
(2
)
 
1

 

 

Net periodic benefit cost
 
$
218

 
141

 
127

 
126

 
650

 
396

 
378

 
379

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


As per the adoption of ASU 2017-07, the service cost component of net periodic benefit cost was presented in the same line items on the Consolidated Statement of Earnings where other employee compensation costs are reported. All other components of net periodic benefit cost are presented as part of Other (income) expense, net on the Consolidated Statement of Earnings.

Company Contributions
For the fiscal nine months ended September 30, 2018, the Company contributed $656 million and $28 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.