Quarterly report pursuant to Section 13 or 15(d)

PENSION AND OTHER POSTRETIREMENT BENEFITS (Tables)

v3.7.0.1
PENSION AND OTHER POSTRETIREMENT BENEFITS (Tables)
 6 Months Ended
Jul. 02, 2017
Compensation and Retirement Disclosure [Abstract]  
Schedule of Defined Benefit Plans Disclosures Cash Contributions
Contributions to these plans were as follows:
 
 
 
Three months ended
 
Six months ended
In millions
 
July 2,
2017
 
July 3,
2016
 
July 2,
2017
 
July 3,
2016
Defined benefit pension plans
 
 

 
 

 
 

 
 

Voluntary contribution
 
$
41

 
$
37

 
$
84

 
$
85

Mandatory contribution
 
—

 
6

 
—

 
18

Defined benefit pension contributions
 
$
41

 
$
43

 
$
84

 
$
103

 
 
 
 
 
 
 
 
 
Other postretirement plans
 
$
3

 
$
15

 
$
18

 
$
28

 
 
 
 
 
 
 
 
 
Defined contribution pension plans
 
$
19

 
$
14

 
$
48

 
$
35

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
 
July 2,
2017
 
July 3,
2016
 
July 2,
2017
 
July 3,
2016
 
July 2,
2017
 
July 3,
2016
Service cost
 
$
26

 
$
23

 
$
7

 
$
6

 
$
—

 
$
—

Interest cost
 
27

 
28

 
10

 
13

 
4

 
4

Expected return on plan assets
 
(52
)
 
(51
)
 
(17
)
 
(19
)
 
—

 
—

Recognized net actuarial loss
 
9

 
7

 
10

 
4

 
1

 
2

Net periodic benefit cost
 
$
10

 
$
7

 
$
10

 
$
4

 
$
5

 
$
6

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pension
 
 
 
 
 
 
U.S. Plans
 
U.K. Plans
 
Other Postretirement Benefits
 
 
Six months ended
In millions
 
July 2,
2017
 
July 3,
2016
 
July 2,
2017
 
July 3,
2016
 
July 2,
2017
 
July 3,
2016
Service cost
 
$
53

 
$
46

 
$
13

 
$
11

 
$
—

 
$
—

Interest cost
 
53

 
56

 
20

 
26

 
7

 
8

Expected return on plan assets
 
(103
)
 
(102
)
 
(34
)
 
(38
)
 
—

 
—

Recognized net actuarial loss
 
18

 
14

 
20

 
8

 
3

 
3

Net periodic benefit cost
 
$
21

 
$
14

 
$
19

 
$
7

 
$
10

 
$
11