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Employee Benefits
3 Months Ended
Mar. 28, 2020
Retirement Benefits [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 2019 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)
March 28, 2020
March 30, 2019
Service cost
$
9

$
9

Interest cost
35

45

Expected return on plan assets
(85
)
(85
)
Amortization of unrecognized prior service cost
2

2

Recognized net (gain) loss
14

1

Total pension (income) expense
$
(25
)
$
(28
)

Other nonpension postretirement
 
Quarter ended
(millions)
March 28, 2020
March 30, 2019
Service cost
$
3

$
3

Interest cost
8

10

Expected return on plan assets
(23
)
(21
)
Amortization of unrecognized prior service cost
(2
)
(2
)
Total postretirement benefit (income) expense
$
(14
)
$
(10
)

Postemployment
 
Quarter ended
(millions)
March 28, 2020
March 30, 2019
Service cost
$
1

$
1

Interest cost


Recognized net (gain) loss
(1
)
(1
)
Total postemployment benefit expense
$

$



For the quarter ended March 28, 2020, the Company recognized a loss of $14 million, related to the remeasurement of a U.S. pension plan as current year distributions are expected to exceed service and interest costs resulting in settlement accounting for that particular plan. The amount of the remeasurement loss recognized was due primarily to a lower discount rate relative to the previous measurement.

Company contributions to employee benefit plans are summarized as follows:
(millions)
Pension
Nonpension postretirement
Total
Quarter ended:
 
 
 
March 28, 2020
$
3

$
3

$
6

March 30, 2019
$
1

$
4

$
5

Full year:
 
 
 
Fiscal year 2020 (projected)
$
7

$
19

$
26

Fiscal year 2019 (actual)
$
10

$
18

$
28



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