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Pension and Postretirement Benefit Plans (Tables)
 6 Months Ended
Jun. 29, 2014
Compensation and Retirement Disclosure [Abstract]  
Schedule of Net Periodic Benefit Costs
The following table provides the components of net periodic benefit cost (including, in 2013, costs reported as part of discontinued operations):
 
 
Pension Plans
 
 
 
 
 
 
U.S.
Qualified(a)
 
U.S.
Supplemental
(Non-Qualified)(b)
 
International(c)
 
Postretirement
Plans
(MILLIONS OF DOLLARS)
 
June 29,
2014

 
June 30,
2013

 
June 29,
2014

 
June 30,
2013

 
June 29,
2014

 
June 30,
2013

 
June 29,
2014

 
June 30,
2013

Three Months Ended
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net periodic benefit cost:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Service cost
 
$
63

 
$
75

 
$
5

 
$
6

 
$
52

 
$
54

 
$
14

 
$
15

Interest cost
 
175

 
167

 
14

 
13

 
101

 
93

 
42

 
41

Expected return on plan assets
 
(262
)
 
(251
)
 
—

 
—

 
(116
)
 
(100
)
 
(15
)
 
(13
)
Amortization of:
 
 

 
 

 
 

 
 

 
 
 
 

 
 

 
 

Actuarial losses
 
15

 
89

 
8

 
14

 
24

 
35

 
2

 
12

Prior service credits
 
(1
)
 
(1
)
 
(1
)
 
—

 
(1
)
 
(1
)
 
(15
)
 
(11
)
Curtailments
 
—

 
—

 
—

 
—

 
16

 
(21
)
 
(1
)
 
(2
)
Settlements
 
12

 
33

 
5

 
6

 
1

 
1

 
—

 
—

Special termination benefits
 
—

 
—

 
—

 
—

 
3

 
2

 
—

 
—

 
 
$
2

 
$
112

 
$
31

 
$
39

 
$
80

 
$
63

 
$
27

 
$
42

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Net periodic benefit cost:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Service cost
 
$
127

 
$
152

 
$
10

 
$
13

 
$
104

 
$
110

 
$
28

 
$
31

Interest cost
 
350

 
335

 
29

 
27

 
201

 
190

 
84

 
83

Expected return on plan assets
 
(525
)
 
(504
)
 
—

 
—

 
(230
)
 
(204
)
 
(31
)
 
(27
)
Amortization of:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Actuarial losses
 
31

 
179

 
15

 
27

 
49

 
72

 
3

 
23

Prior service credits
 
(3
)
 
(3
)
 
(1
)
 
(1
)
 
(3
)
 
(3
)
 
(29
)
 
(22
)
Curtailments
 
2

 
(1
)
 
—

 
—

 
15

 
(22
)
 
(4
)
 
(9
)
Settlements
 
21

 
63

 
16

 
28

 
2

 
5

 
—

 
—

Special termination benefits
 
—

 
—

 
—

 
—

 
5

 
2

 
—

 
—

 
 
$
3

 
$
221

 
$
69

 
$
94

 
$
143

 
$
150

 
$
51

 
$
79

(a)
The decrease in net periodic benefit costs for the three and six months ended June 29, 2014, compared to the three and six months ended June 30, 2013, for our U.S. qualified pension plans was primarily driven by the decrease in the amounts amortized for actuarial losses resulting from the increase, in 2013, in the discount rate used to determine the benefit obligation (which reduced the amount of deferred actuarial losses), lower service cost resulting from cost-reduction initiatives, lower settlement activity and greater expected return on plan assets resulting from an increased plan asset base, partially offset by higher interest costs resulting from the increase, in 2013, in the discount rate used to determine the benefit obligation.
(b)
The decrease in net periodic benefit costs for the three and six months ended June 29, 2014, compared to the three and six months ended June 30, 2013, for our U.S. supplemental (non-qualified) pension plans was primarily driven by lower settlement activity and the decrease in the amounts amortized for actuarial losses resulting from the increase, in 2013, in the discount rate used to determine the benefit obligation.
(c)
The decrease in net periodic benefit costs for the six months ended June 29, 2014, compared to the six months ended June 30, 2013, for our international pension plans was primarily driven by the decrease in the amounts amortized for actuarial losses resulting from increases, in 2013, in the discount rates used to determine the benefit obligations, greater expected return on plan assets resulting from an increased plan asset base, partially offset by the change in the impact of curtailments associated with restructuring initiatives. The increase in net periodic benefit costs for the three months ended June 29, 2014 for our international pension plans was primarily driven by the decrease in the amounts amortized for actuarial losses resulting from increases, in 2013, in the discount rates used to determine the benefit obligations, greater expected return on plan assets resulting from an increased plan asset base, more than offset by the change in the impact of curtailments associated with restructuring initiatives.
Schedule of Employer Contributions to Pension and Postretirement Plans
As of and for the six months ended June 29, 2014, we contributed and expect to contribute from our general assets as follows:
 
 
Pension Plans
 
 
(MILLIONS OF DOLLARS)
 
U.S. Qualified
 
U.S. Supplemental (Non-Qualified)
 
International
 
Postretirement Plans
Contributions from our general assets for the six months ended June 29, 2014
 
$
1

 
$
112

 
$
159

 
$
118

Expected contributions from our general assets during 2014(a)
 
$
6

 
$
181

 
$
312

 
$
241

(a) 
Contributions expected to be made for 2014 are inclusive of amounts contributed during the six months ended June 29, 2014. The U.S. supplemental (non-qualified) pension plan, international pension plan and the postretirement plan contributions from our general assets include direct employer benefit payments.