Employee Benefits

6 Months Ended

Jun. 28, 2014

Employee Benefits [Abstract]

Employee Benefits [Text Block]

Note 7 Employee benefits

The Company sponsors a number of U.S. and foreign pension plans, as well as other nonpension postretirement and postemployment plans to provide various benefits for its employees. These plans are described within the footnotes to the Consolidated Financial Statements included in the Company's 2013 Annual Report on Form 10-K. Components of Company plan benefit expense for the periods presented are included in the tables below.

Pension
		Quarter ended				Year-to-date period ended
(millions)		June 28, 2014		June 29, 2013		June 28, 2014		June 29, 2013
Service cost	$	27	$	34	$	53	$	68
Interest cost		56		50		113		100
Expected return on plan assets		(105)		(89)		(209)		(179)
Amortization of unrecognized prior service cost		4		4		7		8
Total pension expense (income)	$	(18)	$	(1)	$	(36)	$	(3)
Other nonpension postretirement
		Quarter ended				Year-to-date period ended
(millions)		June 28, 2014		June 29, 2013		June 28, 2014		June 29, 2013
Service cost	$	7	$	8	$	14	$	17
Interest cost		13		12		27		24
Expected return on plan assets		(25)		(22)		(49)		(44)
Amortization of unrecognized prior service cost		-		(1)		(1)		(2)
Total postretirement benefit expense (income)	$	(5)	$	(3)	$	(9)	$	(5)
Postemployment
		Quarter ended				Year-to-date period ended
(millions)		June 28, 2014		June 29, 2013		June 28, 2014		June 29, 2013
Service cost	$	2	$	1	$	4	$	3
Interest cost		1		1		2		2
Recognized net loss		1		1		2		3
Total postemployment benefit expense	$	4	$	3	$	8	$	8

Company contributions to employee benefit plans are summarized as follows:
					Nonpension
(millions)			Pension		postretirement		Total
Quarter ended:
	June 28, 2014	$	5	$	4	$	9
	June 29, 2013	$	1	$	4	$	5
Year-to-date period ended:
	June 28, 2014	$	29	$	8	$	37
	June 29, 2013	$	28	$	8	$	36
Full year:
	Fiscal year 2014 (projected)	$	43	$	14	$	57
	Fiscal year 2013 (actual)	$	34	$	14	$	48

Plan funding strategies may be modified in response to management's evaluation of tax deductibility, market conditions, and competing investment alternatives.