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Employee Benefits
3 Months Ended
Apr. 02, 2016
Compensation and Retirement Disclosure [Abstract]  
Employee Benefits
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 2015 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
(millions)
April 2, 2016
April 4, 2015
Service cost
$
24

$
28

Interest cost
44

53

Expected return on plan assets
(89
)
(100
)
Amortization of unrecognized prior service cost
3

3

Total pension (income) expense
$
(18
)
$
(16
)

Other nonpension postretirement
 
Quarter ended
(millions)
April 2, 2016
April 4, 2015
Service cost
$
5

$
8

Interest cost
10

12

Expected return on plan assets
(22
)
(25
)
Amortization of unrecognized prior service cost (credit)
(3
)

Total postretirement benefit (income) expense
$
(10
)
$
(5
)

Postemployment
 
Quarter ended
(millions)
April 2, 2016
April 4, 2015
Service cost
$
2

$
2

Interest cost
1

1

Recognized net loss
1

1

Total postemployment benefit expense
$
4

$
4


Company contributions to employee benefit plans are summarized as follows:
(millions)
Pension
Nonpension postretirement
Total
Quarter ended:
 
 
 
April 2, 2016
$
13

$
4

$
17

April 4, 2015
$
9

$
3

$
12

Full year:
 
 
 
Fiscal year 2016 (projected)
$
28

$
15

$
43

Fiscal year 2015 (actual)
$
19

$
14

$
33


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