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Pensions and Other Postretirement Benefits
 6 Months Ended
Jul. 03, 2011
Pensions and Other Benefit Plans [Abstract]  
PENSIONS AND OTHER POSTRETIREMENT BENEFITS
NOTE 6 — PENSIONS AND OTHER POSTRETIREMENT BENEFITS
Components of Net Periodic Benefit Cost Net periodic benefit cost for the Company’s defined benefit retirement plans and other benefit plans for the fiscal second quarters of 2011 and 2010 include the following components:
                                 
    Retirement Plans   Other Benefit Plans
            Fiscal Quarters Ended    
    July 3,   July 4,   July 3,   July 4,
(Dollars in Millions)   2011   2010   2011   2010
Service cost
  $ 144       121       37       33  
Interest cost
    214       194       46       50  
Expected return on plan assets
    (277 )     (248 )     (1 )     (1 )
Amortization of prior service cost/(credit)
    1       3       —       (1 )
Amortization of net transition obligation
    1       1       —       —  
Recognized actuarial losses
    98       59       12       13  
Net periodic benefit cost
  $ 181       130       94       94  
Net periodic benefit cost for the Company’s defined benefit retirement plans and other benefit plans for the first fiscal six months of 2011 and 2010 include the following components:
                                 
    Retirement Plans   Other Benefit Plans
            Fiscal Six Months Ended    
    July 3,   July 4,   July 3,   July 4,
(Dollars in Millions)   2011   2010   2011   2010
Service cost
  $ 287       247       74       67  
Interest cost
    427       394       94       100  
Expected return on plan assets
    (555 )     (500 )     (1 )     (1 )
Amortization of prior service cost/(credit)
    4       6       (1 )     (2 )
Amortization of net transition obligation
    1       1       —       —  
Recognized actuarial losses
    194       117       23       25  
Net periodic benefit cost
  $ 358       265       189       189  
Company Contributions
For the fiscal six months ended July 3, 2011, the Company contributed $119 million and $16 million to its U.S. and international retirement plans, respectively. The Company plans to continue to fund its U.S. defined benefit plans to comply with the Pension Protection Act of 2006. International plans are funded in accordance with local regulations.