Pensions and Other Postretirement Benefits

9 Months Ended

Oct. 02, 2011

Pensions and Other Benefit Plans [Abstract]

PENSIONS AND OTHER POSTRETIREMENT BENEFITS

NOTE 6 — 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 2011 and 2010 include the following components:

	Retirement Plans									Other Benefit Plans
	Fiscal Third Quarters Ended
	October 2,			October 3,			October 2,			October 3,
(Dollars in Millions)	2011			2010			2011			2010
Service cost	$	146			125			38			33
Interest cost		214			198			47			52
Expected return on plan assets		(279	)		(251	)		—			—
Amortization of prior service cost/(credit)		3			1			(1	)		(2	)
Amortization of net transition obligation		—			—			—			—
Recognized actuarial losses		97			59			11			12
Net periodic benefit cost	$	181			132			95			95

Net periodic benefit cost for the Company’s defined benefit retirement plans and other benefit plans for the fiscal nine months of 2011 and 2010 include the following components:

	Retirement Plans									Other Benefit Plans
	Fiscal Nine Months Ended
	October 2,			October 3,			October 2,			October 3,
(Dollars in Millions)	2011			2010			2011			2010
Service cost	$	433			372			112			100
Interest cost		641			592			141			152
Expected return on plan assets		(834	)		(751	)		(1	)		(1	)
Amortization of prior service cost/(credit)		7			7			(2	)		(4	)
Amortization of net transition obligation		1			1			—			—
Recognized actuarial losses		291			176			34			37
Net periodic benefit cost	$	539			397			284			284

Company Contributions

For the fiscal nine months ended October 2, 2011, the Company contributed $129 million and $24 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.