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Pension and Postretirement Benefit Plans (Tables)
9 Months Ended
Sep. 29, 2013
Compensation and Retirement Disclosure [Abstract]  
Schedule of Net Periodic Benefit Costs
The following table provides the components of net periodic benefit cost:
 
 
Pension Plans
 
 
 
 
U.S.
Qualified(a)
 
U.S.
Supplemental
(Non-Qualified)(b)
 
International(c)
 
Postretirement
Plans
(MILLIONS OF DOLLARS)
 
Sep 29,
2013

 
Sep 30,
2012

 
Sep 29,
2013

 
Sep 30,
2012

 
Sep 29,
2013

 
Sep 30,
2012

 
Sep 29,
2013

 
Sep 30,
2012

Three Months Ended
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net periodic benefit cost:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Service cost
 
$
75

 
$
86

 
$
7

 
$
8

 
$
50

 
$
50

 
$
15

 
$
16

Interest cost
 
166

 
170

 
26

 
15

 
92

 
97

 
42

 
46

Expected return on plan assets
 
(248
)
 
(247
)
 

 

 
(99
)
 
(103
)
 
(14
)
 
(12
)
Amortization of:
 


 


 
 
 
 
 


 


 


 


Actuarial losses
 
88

 
75

 
11

 
10

 
27

 
29

 
11

 
8

Prior service credits
 
(2
)
 
(2
)
 
(1
)
 
(2
)
 
(2
)
 
(3
)
 
(11
)
 
(13
)
Curtailments
 

 

 

 

 
(6
)
 

 

 
(3
)
Settlements
 
29

 
31

 
7

 
3

 
9

 
2

 

 

Special termination benefits
 

 
1

 

 
8

 
1

 

 

 
1

 
 
$
108

 
$
114

 
$
50

 
$
42

 
$
72

 
$
72

 
$
43

 
$
43

Nine Months Ended
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Net periodic benefit cost:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Service cost
 
$
227

 
$
272

 
$
20

 
$
27

 
$
155

 
$
151

 
$
46

 
$
51

Interest cost
 
501

 
528

 
53

 
47

 
279

 
297

 
125

 
137

Expected return on plan assets
 
(752
)
 
(738
)
 

 

 
(301
)
 
(314
)
 
(41
)
 
(35
)
Amortization of:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Actuarial losses
 
267

 
232

 
38

 
31

 
99

 
63

 
34

 
25

Prior service credits
 
(5
)
 
(8
)
 
(2
)
 
(3
)
 
(5
)
 
(6
)
 
(33
)
 
(37
)
Curtailments
 
(1
)
 
(56
)
 

 
(8
)
 
(6
)
 
(9
)
 
(9
)
 
(26
)
Settlements
 
92

 
113

 
35

 
21

 
14

 
4

 

 

Special termination benefits
 

 
8

 

 
23

 
3

 
3

 

 
5

 
 
$
329

 
$
351

 
$
144

 
$
138

 
$
238

 
$
189

 
$
122

 
$
120

(a) 
The decrease in net periodic benefit costs for the nine months ended September 29, 2013, compared to the nine months ended September 30, 2012, for our U.S. qualified plans was primarily driven by lower service cost resulting from the decision in 2012 to freeze the defined benefit plans in the U.S. and Puerto Rico, lower settlement activity and greater expected return on plan assets resulting from a higher plan asset base, partially offset by the curtailment gain in the second quarter of 2012 resulting from the decision to freeze the defined benefit plans in the U.S. and Puerto Rico. Also, the decrease in the discount rate resulted in lower interest costs, as well as an increase in the amounts amortized for actuarial losses.
(b) 
The increase in net periodic benefit costs for the nine months ended September 29, 2013, compared to the nine months ended September 30, 2012, for our U.S. supplemental (non-qualified) pension plans was primarily driven by higher settlement activity, an increase in the amounts amortized for actuarial losses resulting from the decrease in the discount rate and the curtailment gain in the second quarter of 2012 resulting from the decision to freeze the defined benefit plans in the U.S. and Puerto Rico, partially offset by special termination benefits in 2012.
(c) 
The increase in net periodic benefit costs for the nine months ended September 29, 2013, compared to the nine months ended September 30, 2012, for our international pension plans was primarily driven by an increase in the amounts amortized for actuarial losses resulting from decreases in discount rates and higher settlement activity.