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Pension and Postretirement Benefit Plans - Net Periodic Benefit Cost (Detail) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jul. 01, 2018
Jul. 02, 2017
Jul. 01, 2018
Jul. 02, 2017
Pension Plan [Member] | U.S. [Member] | Qualified [Member]        
Defined Benefit Plan Disclosure [Line Items]        
Service cost [1],[2],[3] $ 0 $ 67 $ 0 $ 135
Interest cost [1],[3] 150 159 301 321
Expected return on plan assets [1],[3] (261) (252) (524) (511)
Amortization of:        
Actuarial losses [1],[2],[3] 30 97 60 212
Prior service costs (credits) [1],[3] 0 1 1 3
Curtailments [1],[3] 7 4 9 9
Settlements [1],[3] 25 (7) 45 24
Defined benefit plan, net periodic benefit cost [1],[3] (49) 69 (107) 193
Pension Plan [Member] | International [Member]        
Defined Benefit Plan Disclosure [Line Items]        
Service cost [2],[3] 34 42 71 83
Interest cost [3] 55 50 109 100
Expected return on plan assets [3] (93) (85) (185) (169)
Amortization of:        
Actuarial losses [2],[3] 26 28 52 56
Prior service costs (credits) [3] (1) (1) (2) (2)
Curtailments [3] 0 0 0 0
Settlements [3] 0 2 0 3
Defined benefit plan, net periodic benefit cost [3] 21 37 44 71
Supplemental Employee Retirement Plan [Member] | U.S. [Member] | Non-Qualified [Member]        
Defined Benefit Plan Disclosure [Line Items]        
Service cost [2],[3] 0 6 0 12
Interest cost [3] 14 13 26 28
Expected return on plan assets [3] 0 0 0 0
Amortization of:        
Actuarial losses [2],[3] 3 12 7 25
Prior service costs (credits) [3] 0 0 0 0
Curtailments [3] 0 0 0 0
Settlements [3] 5 4 21 24
Defined benefit plan, net periodic benefit cost [3] 21 35 55 88
Postretirement Plans [Member]        
Defined Benefit Plan Disclosure [Line Items]        
Service cost [2],[3] 10 11 20 21
Interest cost [3] 18 23 36 45
Expected return on plan assets [3] (9) (9) (18) (18)
Amortization of:        
Actuarial losses [2],[3] 2 8 4 15
Prior service costs (credits) [3] (45) (46) (90) (92)
Curtailments [3] (7) (5) (14) (12)
Settlements [3] 0 0 0 0
Defined benefit plan, net periodic benefit cost [3] $ (32) $ (19) $ (63) $ (40)
[1] (a) In the second quarter of 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 pre-tax 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 Other (income)/deductions––net (see Note 3).
[2] Effective January 1, 2018, we froze two significant defined benefit pension plans to future benefit accruals in the U.S. and U.K. and as a result, service costs for those plans are eliminated. In addition, due to the plan freeze, the average amortization period for the U.S. qualified plans and U.S. supplemental (non-qualified) plans was extended to the expected life expectancy of the plan participants, whereas the average amortization period in prior years utilized the expected future service period of plan participants.
[3] We adopted a new accounting standard on January 1, 2018 that requires the net periodic pension and postretirement benefit costs other than service costs be presented in Other (income)/deductions––net on the condensed consolidated statements of income. For additional information, see Note 1B and Note 4.