Quarterly report pursuant to Section 13 or 15(d)

PENSION AND OTHER POSTRETIREMENT BENEFITS

v3.19.1
PENSION AND OTHER POSTRETIREMENT BENEFITS
 3 Months Ended
Mar. 31, 2019
Retirement Benefits [Abstract]  
PENSION AND OTHER POSTRETIREMENT BENEFITS NOTE 4. PENSIONS AND OTHER POSTRETIREMENT BENEFITS
We sponsor funded and unfunded domestic and foreign defined benefit pension and other postretirement benefit plans. Contributions to these plans were as follows:
 
 
 
Three months ended
In millions
 
March 31,
2019
 
April 1,
2018
Defined benefit pension plans
 
 

 
 

Voluntary contribution
 
$
26

 
$
3

Mandatory contribution
 
7

 
6

Defined benefit pension contributions
 
$
33

 
$
9

 
 
 
 
 
Other postretirement benefit plans
 
 
 
 
Benefit payments, net
 
$
14

 
$
7

 
 
 
 
 
Defined contribution pension plans
 
$
39

 
$
40


We anticipate making additional defined benefit pension contributions during the remainder of 2019 of $90 million for our U.S. and U.K. pension plans. Approximately $91 million of the estimated $123 million of pension contributions for the full year are voluntary. These contributions may be made from trusts or company funds either to increase pension assets or to make direct benefit payments to plan participants. We expect our 2019 net periodic pension cost to approximate $64 million.
The components of net periodic pension and other postretirement benefit costs under our plans were as follows:
 
 
Pension
 
 
 
 
 
 
U.S. Plans
 
U.K. Plans
 
Other Postretirement Benefits
 
 
Three months ended
In millions
 
March 31,
2019
 
April 1,
2018
 
March 31,
2019
 
April 1,
2018
 
March 31,
2019
 
April 1,
2018
Service cost
 
$
29

 
$
30

 
$
7

 
$
8

 
$
—

 
$
—

Interest cost
 
27

 
25

 
11

 
11

 
2

 
2

Expected return on plan assets
 
(47
)
 
(49
)
 
(18
)
 
(18
)
 
—

 
—

Recognized net actuarial loss
 
4

 
8

 
3

 
7

 
—

 
—

Net periodic benefit cost
 
$
13

 
$
14

 
$
3

 
$
8

 
$
2

 
$
2