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Pension and Other Benefit Plans
 9 Months Ended
Dec. 30, 2016
Compensation and Retirement Disclosure [Abstract]  
Pension and Other Benefit Plans
Pension and Other Benefit Plans

The Company sponsors a number of defined benefit plans for the benefit of eligible employees. The defined benefit plans comprise primarily pension plans and post-retirement medical benefit plans.

Subsequent to the Separation, U.S. pension and other U.S. benefit plans represent an insignificant portion of the Company's pension and other post-retirement benefits. As a result, the disclosures below include the Company's U.S. and non-U.S. pension plans on a global consolidated basis. The net periodic pension benefit included the following components:
 
 
Three months ended
 
Nine months ended
(in millions)
 
December 30, 2016
 
January 1, 2016
 
December 30, 2016
 
January 1, 2016
Service cost
 
6

 
6

 
$
17

 
$
19

Interest cost
 
20

 
24

 
62

 
71

Expected return on assets
 
(40
)
 
(46
)
 
(123
)
 
(137
)
Amortization of prior service costs
 
(4
)
 
(4
)
 
(13
)
 
(14
)
Recognition of actuarial (gain) loss
 
—

 
(8
)
 
—

 
(8
)
Contractual termination benefit
 
—

 
7

 
—

 
7

Net periodic pension benefit
 
$
(18
)
 
$
(21
)
 
$
(57
)
 
$
(62
)

The weighted-average rates used to determine net periodic pension cost for the three and nine months ended December 30, 2016 and January 1, 2016 were as follows:
 
 
December 30, 2016

January 1, 2016
Discount or settlement rates
 
3.1
%
 
3.0
%
Expected long-term rates of return on assets
 
6.3
%
 
6.3
%
Rates of increase in compensation levels
 
2.6
%
 
2.8
%


The Company contributed $21 million and $31 million to the defined benefit pension plans during the three and nine months ended December 30, 2016, respectively. The Company expects to contribute an additional $29 million during the remainder of fiscal 2017.