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Pension and Postretirement Benefit Plans (Tables)
 9 Months Ended
Oct. 01, 2017
Retirement Benefits [Abstract]  
Schedule of Net Periodic Benefit Costs
The following table provides the components of net periodic benefit cost/(income):
 
 
Three Months Ended
 
 
Pension Plans
 
 
 
 
U.S.
Qualified
 
U.S.
Supplemental
(Non-Qualified)
 
International
 
Postretirement
Plans
(MILLIONS OF DOLLARS)
 
Oct 1, 2017

 
Oct 2, 2016

 
Oct 1, 2017

 
Oct 2, 2016

 
Oct 1, 2017

 
Oct 2, 2016

 
Oct 1, 2017

 
Oct 2, 2016

Net periodic benefit cost/(credit):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Service cost
 
$
67

 
$
69

 
$
6

 
$
5

 
$
44

 
$
41

 
$
10

 
$
11

Interest cost
 
157

 
218

 
13

 
18

 
52

 
58

 
23

 
33

Expected return on plan assets
 
(248
)
 
(239
)
 
—

 
—

 
(87
)
 
(95
)
 
(9
)
 
(8
)
Amortization of:
 
 

 
 

 
 

 
 

 
 
 
 

 
 

 
 

Actuarial losses
 
91

 
99

 
12

 
9

 
29

 
23

 
8

 
9

Prior service costs (credits)
 
—

 
1

 
—

 
—

 
(1
)
 
(1
)
 
(45
)
 
(45
)
Curtailments
 
1

 
2

 
—

 
1

 
(2
)
 
—

 
(3
)
 
(8
)
Settlements
 
30

 
21

 
7

 
7

 
—

 
1

 
—

 
—

 
 
$
99

 
$
170

 
$
39

 
$
39

 
$
35

 
$
27

 
$
(17
)
 
$
(9
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended
 
 
Pension Plans
 
 
 
 
U.S.
Qualified(a)
 
U.S.
Supplemental
(Non-Qualified)
 
International
 
Postretirement
Plans
(MILLIONS OF DOLLARS)
 
Oct 1, 2017

 
Oct 2, 2016

 
Oct 1, 2017

 
Oct 2, 2016

 
Oct 1, 2017

 
Oct 2, 2016

 
Oct 1, 2017

 
Oct 2, 2016

Net periodic benefit cost/(credit):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Service cost
 
$
202

 
$
193

 
$
18

 
$
14

 
$
127

 
$
126

 
$
32

 
$
31

Interest cost
 
478

 
486

 
41

 
40

 
152

 
178

 
68

 
77

Expected return on plan assets
 
(759
)
 
(721
)
 
—

 
—

 
(256
)
 
(291
)
 
(27
)
 
(25
)
Amortization of:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Actuarial losses
 
302

 
297

 
37

 
27

 
86

 
70

 
23

 
23

Prior service costs (credits)
 
3

 
4

 
(1
)
 
(1
)
 
(3
)
 
(2
)
 
(137
)
 
(127
)
Curtailments
 
10

 
5

 
—

 
1

 
(2
)
 
(1
)
 
(15
)
 
(14
)
Settlements
 
54

 
52

 
32

 
23

 
3

 
2

 
—

 
—

 
 
$
292

 
$
316

 
$
127

 
$
105

 
$
106

 
$
81

 
$
(57
)
 
$
(36
)

(a) 
In April 2017, we settled the remaining obligation associated with the Hospira U.S. qualified defined benefit pension plan. We purchased a group annuity contract on behalf of the remaining plan participants with a third-party insurance provider. As a result, we were relieved of the $156 million net pension benefit obligation and recorded a pretax settlement gain of $41 million, partially offset by the recognition of actuarial losses and prior service costs upon plan settlement of approximately $30 million in Restructuring charges and certain acquisition-related costs during the second quarter of 2017 (see Note 3).
Schedule of Employer Contributions to Pension and Postretirement Plans As of and for the nine months ended October 1, 2017, we contributed and expect to contribute in 2017 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 nine months ended October 1, 2017
 
$
1,095

 
$
121

 
$
134

 
$
158

Expected contributions from our general assets during 2017(a)
 
$
1,095

 
$
146

 
$
170

 
$
204

(a) 
Contributions expected to be made for 2017 are inclusive of amounts contributed during the nine months ended October 1, 2017, including the $1.0 billion voluntary contribution that was made in January 2017 for the U.S. qualified plans, which was considered pre-funding for future anticipated mandatory contributions and is also expected to reduce Pension Benefit Guaranty Corporation variable rate premiums. 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.