Quarterly report pursuant to Section 13 or 15(d)

PENSION AND OTHER POSTRETIREMENT BENEFITS (Tables)

v3.19.2
PENSION AND OTHER POSTRETIREMENT BENEFITS (Tables)
 6 Months Ended
Jun. 30, 2019
Retirement Benefits [Abstract]  
Schedule Benefit Plans Disclosures Cash Contributions Contributions to these plans were as follows:
 
 
 
Three months ended
 
Six months ended
In millions
 
June 30,
2019
 
July 1,
2018
 
June 30,
2019
 
July 1,
2018
Defined benefit pension plans
 
 

 
 

 
 

 
 

Voluntary contribution
 
$
36

 
$
4

 
$
62

 
$
7

Mandatory contribution
 
8

 
5

 
15

 
11

Defined benefit pension contributions
 
$
44

 
$
9

 
$
77

 
$
18

 
 
 
 
 
 
 
 
 
Other postretirement benefit plans
 
 
 
 
 
 
 
 
Benefit payments (rebates), net
 
$
1

 
$
(2
)
 
$
15

 
$
5

 
 
 
 
 
 
 
 
 
Defined contribution pension plans
 
$
18

 
$
21

 
$
57

 
$
61


Components of net periodic pension and other postretirement benefit cost
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
 
June 30,
2019
 
July 1,
2018
 
June 30,
2019
 
July 1,
2018
 
June 30,
2019
 
July 1,
2018
Service cost
 
$
29

 
$
30

 
$
6

 
$
7

 
$
—

 
$
—

Interest cost
 
27

 
24

 
11

 
10

 
3

 
3

Expected return on plan assets
 
(48
)
 
(49
)
 
(18
)
 
(18
)
 
—

 
—

Amortization of prior service cost
 
1

 
—

 
1

 
—

 
—

 
—

Recognized net actuarial loss
 
4

 
9

 
3

 
8

 
—

 
—

Net periodic benefit cost
 
$
13

 
$
14

 
$
3

 
$
7

 
$
3

 
$
3

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pension
 
 
 
 
 
 
U.S. Plans
 
U.K. Plans
 
Other Postretirement Benefits
 
 
Six months ended
In millions
 
June 30,
2019
 
July 1,
2018
 
June 30,
2019
 
July 1,
2018
 
June 30,
2019
 
July 1,
2018
Service cost
 
$
58

 
$
60

 
$
13

 
$
15

 
$
—

 
$
—

Interest cost
 
54

 
49

 
22

 
21

 
5

 
5

Expected return on plan assets
 
(95
)
 
(98
)
 
(36
)
 
(36
)
 
—

 
—

Amortization of prior service cost
 
1

 
—

 
1

 
—

 
—

 
—

Recognized net actuarial loss
 
8

 
17

 
6

 
15

 
—

 
—

Net periodic benefit cost
 
$
26

 
$
28

 
$
6

 
$
15

 
$
5

 
$
5