Quarterly report pursuant to Section 13 or 15(d)

PENSION AND OTHER POSTRETIREMENT BENEFITS

v2.4.0.8
PENSION AND OTHER POSTRETIREMENT BENEFITS
 6 Months Ended
Jun. 29, 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
 
Six months ended
In millions
 
June 29, 2014
 
June 30, 2013
 
June 29, 2014
 
June 30, 2013
Defined benefit pension and other postretirement plans
 
 

 
 

 
 

 
 

Voluntary contribution
 
$
36

 
$
38

 
$
75

 
$
77

Mandatory contribution
 
6

 
7

 
81

 
44

Defined benefit pension contributions
 
42

 
45

 
156

 
121

Other postretirement plans
 
11

 
12

 
23

 
26

Total defined benefit plans
 
$
53

 
$
57

 
$
179

 
$
147

 
 
 
 
 
 
 
 
 
Defined contribution pension plans
 
$
15

 
$
14

 
$
41

 
$
36


We anticipate making additional defined benefit pension contributions and other postretirement benefit payments during the remainder of 2014 of $49 million and $20 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
 
June 29, 2014
 
June 30, 2013
 
June 29, 2014
 
June 30, 2013
 
June 29, 2014
 
June 30, 2013
Service cost
 
$
17

 
$
18

 
$
6

 
$
5

 
$
—

 
$
—

Interest cost
 
27

 
23

 
17

 
14

 
5

 
4

Expected return on plan assets
 
(44
)
 
(42
)
 
(21
)
 
(18
)
 
—

 
—

Recognized net actuarial loss
 
7

 
15

 
6

 
6

 
—

 
1

Net periodic benefit cost
 
$
7

 
$
14

 
$
8

 
$
7

 
$
5

 
$
5

 
 
 
Pension
 
 
 
 
 
 
U.S. Plans
 
U.K. Plans
 
Other Postretirement Benefits
 
 
Six months ended
In millions
 
June 29, 2014
 
June 30, 2013
 
June 29, 2014
 
June 30, 2013
 
June 29, 2014
 
June 30, 2013
Service cost
 
$
34

 
$
35

 
$
12

 
$
10

 
$
—

 
$
—

Interest cost
 
53

 
47

 
33

 
28

 
9

 
8

Expected return on plan assets
 
(88
)
 
(84
)
 
(43
)
 
(36
)
 
—

 
—

Recognized net actuarial loss
 
15

 
31

 
13

 
12

 
—

 
3

Net periodic benefit cost
 
$
14

 
$
29

 
$
15

 
$
14

 
$
9

 
$
11