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Pension and Postretirement Benefit Plans (Tables)
3 Months Ended
Mar. 29, 2015
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(d)
(MILLIONS OF DOLLARS)
 
March 29,
2015

 
March 30,
2014

 
March 29,
2015

 
March 30,
2014

 
March 29,
2015

 
March 30,
2014

 
March 29,
2015

 
March 30,
2014

Three Months Ended
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net periodic benefit cost:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Service cost
 
$
72

 
$
64

 
$
6

 
$
5

 
$
48

 
$
52

 
$
14

 
$
14

Interest cost
 
169

 
175

 
14

 
15

 
79

 
100

 
32

 
42

Expected return on plan assets
 
(272
)
 
(263
)
 

 

 
(106
)
 
(114
)
 
(13
)
 
(16
)
Amortization of:
 
 

 
 

 
 

 
 

 
 
 
 

 
 

 
 

Actuarial losses
 
83

 
16

 
12

 
7

 
32

 
25

 
9

 
1

Prior service credits
 
(2
)
 
(2
)
 

 

 
(2
)
 
(2
)
 
(31
)
 
(14
)
Curtailments
 
2

 
2

 

 

 

 
(1
)
 
(10
)
 
(3
)
Settlements
 
26

 
9

 
15

 
11

 

 
1

 

 

Special termination benefits
 

 

 

 

 

 
2

 

 

 
 
$
78

 
$
1

 
$
45

 
$
38

 
$
51

 
$
63

 
$
1

 
$
24

(a)
The increase in net periodic benefit costs for the three months ended March 29, 2015, compared to the three months ended March 30, 2014, for our U.S. qualified pension plans was primarily driven by (i) the increase in the amounts amortized for actuarial losses resulting from the decrease, in 2014, in the discount rate used to determine the benefit obligation (which increased the amount of deferred actuarial losses) and, to a lesser extent, a 2014 change in mortality assumptions (reflecting a longer life expectancy for plan participants), and (ii) higher settlement activity. The aforementioned increases were partially offset by (i) a greater expected return on plan assets resulting from an increased plan asset base due to a voluntary contribution of $1.0 billion made at the beginning of January 2015, which in turn was partially offset by a decrease in the expected rate of return on plan assets from 8.5% to 8.25%, and (ii) lower interest costs resulting from the decrease, in 2014, in the discount rate used to determine the benefit obligation.
(b)
The increase in net periodic benefit costs for the three months ended March 29, 2015, compared to the three months ended March 30, 2014, for our U.S. supplemental (non-qualified) pension plans was primarily driven by (i) the increase in the amounts amortized for actuarial losses resulting from the decrease, in 2014, in the discount rate used to determine the benefit obligation and, to a lesser extent, a 2014 change in mortality assumptions (reflecting a longer life expectancy for plan participants), and (ii) higher settlement activity.
(c)
The decrease in net periodic benefit costs for the three months ended March 29, 2015, compared to the three months ended March 30, 2014, for our international pension plans was primarily driven by (i) the decrease in interest cost resulting from the decrease, in 2014, in the discount rate used to determine the benefit obligation, (ii) a decrease in service cost related to changes in actuarial assumptions (lower inflation and lower rate of wage increases) and the U.K. pension plan freeze in 2014, which offset the impact of the decrease in 2014, in the discount rate used to determine the benefit obligation (the effect of which is an increase in service costs). The aforementioned decreases to net periodic benefit costs were partially offset by (i) a decrease in the expected return on plan assets due to a lower expected rate of return on plan assets and (ii) an increase in the amounts amortized for actuarial losses resulting from the decrease, in 2014, in the discount rate used to determine the benefit obligation.
(d) 
The decrease in net periodic benefit costs for the three months ended March 29, 2015, compared to the three months ended March 30, 2014, for our postretirement plans was primarily driven by (i) the increase in the amounts amortized for prior service credits and (ii) an increase in curtailment gain resulting from the implementation of changes related to the employer group waiver plan, which went into effect on January 1, 2015, as well as (iii) a decrease in interest cost resulting from the decrease, in 2014, in the discount rate used to determine the benefit obligation. The aforementioned decreases were partially offset by an increase in actuarial losses resulting from the decrease, in 2014, in the discount rate used to determine the benefit obligation.

Schedule of Employer Contributions to Pension and Postretirement Plans
As of and for the three months ended March 29, 2015, 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 three months ended March 29, 2015(a)
 
$
1,000

 
$
72

 
$
58

 
$
(81
)
Expected contributions from our general assets during 2015(b)
 
$
1,000

 
$
136

 
$
240

 
$
86

(a) 
Contributions to the postretirement plans were offset by reimbursements of approximately $133 million received for eligible 2014 prescription expenses for certain retirees.
(b) 
Contributions expected to be made for 2015 are inclusive of amounts contributed during the three months ended March 29, 2015, including the $1.0 billion voluntary contribution that was made in January 2015 for the U.S. Qualified plan. 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.