Quarterly report pursuant to Section 13 or 15(d)

PENSION AND OTHER POSTRETIREMENT BENEFITS (Tables)

v2.4.0.8
PENSION AND OTHER POSTRETIREMENT BENEFITS (Tables)
 6 Months Ended
Jun. 30, 2013
PENSION AND OTHER POSTRETIREMENT BENEFITS  
Cash contributions to pension and other postretirement benefit plans

 

 

 

Three months ended

 

Six months ended

 

 

 

June 30,

 

July 1,

 

June 30,

 

July 1,

 

In millions

 

2013

 

2012

 

2013

 

2012

 

Defined benefit pension and other postretirement plans

 

 

 

 

 

 

 

 

 

Voluntary contribution

 

$

38

 

$

35

 

$

77

 

$

73

 

Mandatory contribution

 

7

 

6

 

44

 

11

 

Defined benefit pension contributions

 

45

 

41

 

121

 

84

 

Other postretirement plans

 

12

 

8

 

26

 

17

 

Total defined benefit plans

 

$

57

 

$

49

 

$

147

 

$

101

 

 

 

 

 

 

 

 

 

 

 

Defined contribution pension plans

 

$

14

 

$

17

 

$

36

 

$

44

 
Components of net periodic pension and other postretirement benefit cost

 

 

 

 

Pension

 

 

 

 

 

 

 

U.S. Plans

 

U.K. Plans

 

Other Postretirement Benefits

 

 

 

Three months ended

 

 

 

June 30,

 

July 1,

 

June 30,

 

July 1,

 

June 30,

 

July 1,

 

In millions

 

2013

 

2012

 

2013

 

2012

 

2013

 

2012

 

Service cost

 

$

18

 

$

15

 

$

5

 

$

5

 

$

—

 

$

—

 

Interest cost

 

23

 

26

 

14

 

15

 

4

 

5

 

Expected return on plan assets

 

(42

)

(39

)

(18

)

(21

)

—

 

—

 

Amortization of prior service credit

 

—

 

—

 

—

 

—

 

—

 

(1

)

Recognized net actuarial loss

 

15

 

11

 

6

 

4

 

1

 

1

 

Net periodic benefit cost

 

$

14

 

$

13

 

$

7

 

$

3

 

$

5

 

$

5

 

 

 

 

Pension

 

 

 

 

 

 

 

U.S. Plans

 

U.K. Plans

 

Other Postretirement Benefits

 

 

 

Six months ended

 

 

 

June 30,

 

July 1,

 

June 30,

 

July 1,

 

June 30,

 

July 1,

 

In millions

 

2013

 

2012

 

2013

 

2012

 

2013

 

2012

 

Service cost

 

$

35

 

$

29

 

$

10

 

$

11

 

$

—

 

$

—

 

Interest cost

 

47

 

52

 

28

 

29

 

8

 

10

 

Expected return on plan assets

 

(84

)

(78

)

(36

)

(41

)

—

 

—

 

Amortization of prior service credit

 

—

 

—

 

—

 

—

 

—

 

(2

)

Recognized net actuarial loss

 

31

 

23

 

12

 

7

 

3

 

2

 

Net periodic benefit cost

 

$

29

 

$

26

 

$

14

 

$

6

 

$

11

 

$

10