Quarterly report pursuant to Section 13 or 15(d)

PENSION AND OTHER POSTRETIREMENT BENEFITS

v2.4.0.8
PENSION AND OTHER POSTRETIREMENT BENEFITS
 3 Months Ended
Mar. 30, 2014
Compensation and Retirement Disclosure [Abstract]  
PENSION AND OTHER POSTRETIREMENT BENEFITS
NOTE 4. PENSION AND OTHER POSTRETIREMENT BENEFITS
 
We sponsor funded and unfunded domestic and foreign defined benefit pension and other postretirement plans. Contributions to these plans were as follows:
 
 
 
Three months ended
In millions
 
March 30, 2014
 
March 31, 2013
Defined benefit pension and other postretirement plans
 
 

 
 

Voluntary contribution
 
$
39

 
$
39

Mandatory contribution
 
75

 
37

Defined benefit pension contributions
 
114

 
76

Other postretirement plans
 
12

 
14

Total defined benefit plans
 
$
126

 
$
90

 
 
 
 
 
Defined contribution pension plans
 
$
26

 
$
22


We anticipate making additional defined benefit pension contributions and other postretirement benefit payments during the remainder of 2014 of $91 million and $31 million, respectively.  The $205 million of pension contributions for the full year include voluntary contributions of approximately $111 million.  These contributions and payments may be made from trusts or company funds either to increase pension assets or to make direct benefit payments to plan participants. 

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 30,
2014
 
March 31,
2013
 
March 30,
2014
 
March 31,
2013
 
March 30,
2014
 
March 31,
2013
Service cost
 
$
17

 
$
17

 
$
6

 
$
5

 
$
—

 
$
—

Interest cost
 
26

 
24

 
16

 
14

 
4

 
4

Expected return on plan assets
 
(44
)
 
(42
)
 
(22
)
 
(18
)
 
—

 
—

Recognized net actuarial loss
 
8

 
16

 
7

 
6

 
—

 
2

Net periodic benefit cost
 
$
7

 
$
15

 
$
7

 
$
7

 
$
4

 
$
6