XML 53 R18.htm IDEA: XBRL DOCUMENT v3.19.3
Pension and Postretirement Benefit Plans
 9 Months Ended
Sep. 29, 2019
Retirement Benefits [Abstract]  
Pension and Postretirement Benefit Plans Pension and Postretirement Benefit Plans
The following tables provide the components of net periodic benefit cost/(credit):
 
 
Three Months Ended
 
 
Pension Plans
 
 
 
 
U.S.
Qualified
 
U.S. Supplemental
(Non-Qualified)
 
International
 
Postretirement
Plans
(MILLIONS OF DOLLARS)
 
Sept. 29,
2019

 
Sept. 30,
2018

 
Sept. 29,
2019

 
Sept. 30,
2018

 
Sept. 29,
2019

 
Sept. 30,
2018

 
Sept. 29,
2019

 
Sept. 30,
2018

Net periodic benefit cost/(credit):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Service cost
 
$
—

 
$
—

 
$
—

 
$
—

 
$
31

 
$
33

 
$
9

 
$
10

Interest cost
 
157

 
149

 
12

 
14

 
53

 
52

 
19

 
18

Expected return on plan assets
 
(222
)
 
(259
)
 
—

 
—

 
(79
)
 
(89
)
 
(8
)
 
(9
)
Amortization of:
 
 

 
 

 
 

 
 

 
 
 
 

 
 

 
 

Actuarial losses
 
37

 
30

 
2

 
3

 
20

 
25

 
—

 
2

Prior service credits
 
(1
)
 
—

 
—

 
—

 
(1
)
 
(1
)
 
(43
)
 
(45
)
Curtailments
 
—

 
1

 
—

 
1

 
—

 
(4
)
 
(47
)
 
(1
)
Settlements
 
1

 
38

 
22

 
3

 
12

 
—

 
(10
)
 
—

Special termination benefits
 
3

 
—

 
5

 
—

 
—

 
—

 
1

 
—

 
 
$
(25
)
 
$
(40
)
 
$
41

 
$
20

 
$
37

 
$
17

 
$
(78
)
 
$
(26
)
 
 
Nine Months Ended
 
 
Pension Plans
 
 
 
 
U.S.
Qualified
 
U.S. Supplemental
(Non-Qualified)
 
International
 
Postretirement
Plans
(MILLIONS OF DOLLARS)
 
Sept. 29,
2019

 
Sept. 30,
2018

 
Sept. 29,
2019

 
Sept. 30,
2018

 
Sept. 29,
2019

 
Sept. 30,
2018

 
Sept. 29,
2019

 
Sept. 30,
2018

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

 
$
—

 
$
—

 
$
—

 
$
94

 
$
104

 
$
28

 
$
29

Interest cost
 
472

 
450

 
37

 
40

 
162

 
160

 
57

 
54

Expected return on plan assets
 
(667
)
 
(783
)
 
—

 
—

 
(239
)
 
(274
)
 
(25
)
 
(28
)
Amortization of:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Actuarial losses
 
110

 
90

 
7

 
10

 
61

 
77

 
2

 
5

Prior service costs/(credits)
 
(2
)
 
1

 
(1
)
 
(1
)
 
(3
)
 
(3
)
 
(132
)
 
(135
)
Curtailments
 
—

 
11

 
—

 
1

 
—

 
(4
)
 
(47
)
 
(15
)
Settlements
 
3

 
84

 
21

 
24

 
12

 
—

 
(10
)
 
—

Special termination benefits
 
4

 
—

 
14

 
—

 
—

 
1

 
2

 
—

 
 
$
(80
)
 
$
(147
)
 
$
78

 
$
75

 
$
88

 
$
61

 
$
(124
)
 
$
(89
)

The following table provides the amounts we contributed, and the amounts we expect to contribute during 2019, to our pension and postretirement plans from our general assets for the periods indicated:
 
 
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 September 29, 2019
 
$
8

 
$
122

 
$
158

 
$
103

Expected contributions from our general assets during 2019(a)
 
11

 
147

 
191

 
143


(a) 
Contributions expected to be made for 2019 are inclusive of amounts contributed during the nine months ended September 29, 2019. 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.