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Employee Benefits
 3 Months Ended
Apr. 01, 2017
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 2016 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 1, 2017
April 2, 2016
Service cost
$
25

$
24

Interest cost
41

44

Expected return on plan assets
(90
)
(89
)
Amortization of unrecognized prior service cost
2

3

Recognized net loss
3

—

Curtailment loss
1

—

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

Other nonpension postretirement
 
Quarter ended
(millions)
April 1, 2017
April 2, 2016
Service cost
$
5

$
5

Interest cost
9

10

Expected return on plan assets
(24
)
(22
)
Amortization of unrecognized prior service cost (credit)
(2
)
(3
)
Recognized net (gain) loss
(29
)
—

Curtailment loss
3

—

Total postretirement benefit (income) expense
$
(38
)
$
(10
)

Postemployment
 
Quarter ended
(millions)
April 1, 2017
April 2, 2016
Service cost
$
1

$
2

Interest cost
1

1

Recognized net loss
1

1

Total postemployment benefit expense
$
3

$
4


During the quarter ended April 1, 2017, the Company recognized curtailment losses of $1 million and $3 million within pension and nonpension postretirement plans, respectively, in conjunction with Project K restructuring activity. In addition, the Company remeasured the benefit obligation for impacted pension and nonpension postretirement plans. The remeasurement resulted in a mark-to-market loss of $3 million on a pension plan due primarily to a lower discount rate and a $29 million gain on a nonpension postretirement plan primarily due to plan asset investment returns slightly mitigated by the impact of a lower discount rate.
Company contributions to employee benefit plans are summarized as follows:
(millions)
Pension
Nonpension postretirement
Total
Quarter ended:
 
 
 
April 1, 2017
$
21

$
3

$
24

April 2, 2016
$
13

$
4

$
17

Full year:
 
 
 
Fiscal year 2017 (projected)
$
26

$
16

$
42

Fiscal year 2016 (actual)
$
18

$
15

$
33


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

Additionally, during the quarter ended April 1, 2017, the Company recognized expense totaling $26 million related to the exit of several multi-employer plans associated with Project K restructuring activity. This amount represents management's best estimate, actual results could differ. The cash obligation is payable over a maximum 20-year period; management has not determined the actual period over which the payments will be made.