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Postretirement Benefit Plans
3 Months Ended
Sep. 29, 2017
Retirement Benefits [Abstract]  
Postretirement Benefit Plans
Postretirement Benefit Plans
The following tables provide the components of our net periodic benefit income for our defined benefit plans, including defined benefit pension plans and other postretirement defined benefit plans:
 
 
Quarter Ended September 29, 2017
 
 
Pension
 
Other
Benefits
 
Total
 
 
 
 
 
 
 
 
 
(In millions)
Net periodic benefit income
 
 
 
 
 
Service cost
$
10

 
$

 
$
10

Interest cost
48

 
2

 
50

Expected return on plan assets
(92
)
 
(4
)
 
(96
)
Total net periodic benefit income
$
(34
)
 
$
(2
)
 
$
(36
)
 
 
 
 
 
 
 
 
 
Quarter Ended September 30, 2016
 
 
Pension
 
Other
Benefits
 
Total
 
 
 
 
 
 
 
 
(In millions)
Net periodic benefit income
 
 
 
 
 
Service cost(1)
$
15

 
$

 
$
15

Interest cost
46

 
2

 
48

Expected return on plan assets
(85
)
 
(4
)
 
(89
)
Total net periodic benefit income
$
(24
)
 
$
(2
)
 
$
(26
)
 
 
 
 
 
 
 

(1) $1 million of the service cost component of net periodic benefit income is included as a component of the “Discontinued operations, net of income taxes” line item in our Condensed Consolidated Statement of Income (Unaudited) for the quarter ended September 30, 2016
We made a $400 million voluntary contribution to our U.S. qualified pension plans during fiscal 2017. As a result, we made no contributions to our U.S. qualified defined benefit pension plans during the quarter ended September 29, 2017 and minor contributions to a non-U.S. pension plan. We currently anticipate making no contributions to our U.S. qualified defined benefit pension plans and contributions of approximately $1 million to a non-U.S. pension plan during the remainder of fiscal 2018. We contributed $64 million to our qualified pension plans during the quarter ended September 30, 2016.
The U.S. Salaried Retirement Plan (“U.S. SRP”), a U.S. qualified pension plan, is our largest defined benefit pension plan, with assets valued at $4.4 billion and a projected benefit obligation of $5.6 billion as of June 30, 2017. Effective December 31, 2016, future benefit accruals under the U.S. SRP benefit formula were frozen for all employees and replaced with a 1% cash balance defined benefit formula for certain non-highly compensated employees.