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Pensions and Other Benefit Plans
 3 Months Ended
Mar. 29, 2020
Retirement Benefits [Abstract]  
Pensions and Other Benefit Plans PENSIONS AND OTHER BENEFIT PLANS

Components of Net Periodic Benefit Cost
Net periodic benefit costs for the Company’s defined benefit retirement plans and other benefit plans for the fiscal first quarters of 2020 and 2019 include the following components:
 
 
Retirement Plans
 
Other Benefit Plans
(Dollars in Millions)
 
March 29, 2020
 
March 31, 2019
 
March 29, 2020
 
March 31, 2019
Service cost
 
$
326

 
276

 
72

 
68

Interest cost
 
240

 
275

 
33

 
46

Expected return on plan assets
 
(614
)
 
(583
)
 
(2
)
 
(2
)
Amortization of prior service cost/(credit)
 
—

 
1

 
(8
)
 
(8
)
Recognized actuarial losses
 
223

 
144

 
36

 
32

Curtailments and settlements
 
19

 
(1
)
 
—

 
—

Net periodic benefit cost
 
$
194

 
112

 
131

 
136

 
 
 
 
 
 
 
 
 


The service cost component of net periodic benefit cost is 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 first quarter ended March 29, 2020, the Company contributed $23 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.