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Pensions and Other Postretirement Benefits
 3 Months Ended
Apr. 02, 2017
Compensation and Retirement Disclosure [Abstract]  
Pension and Other Postretirement Benefits
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 first quarters of 2017 and 2016 include the following components:
 
 
Fiscal First Quarters Ended
 
 
Retirement Plans
 
Other Benefit Plans
(Dollars in Millions)
 
April 2, 2017
 
April 3, 2016
 
April 2, 2017
 
April 3, 2016
Service cost
 
$
251

 
226

 
61

 
55

Interest cost
 
230

 
233

 
39

 
40

Expected return on plan assets
 
(505
)
 
(492
)
 
(2
)
 
(2
)
Amortization of prior service cost/(credit)
 
—

 
1

 
(7
)
 
(8
)
Recognized actuarial losses
 
152

 
124

 
34

 
34

Curtailments and settlements
 
—

 
1

 
—

 
—

Net periodic benefit cost
 
$
128

 
93

 
125

 
119


 
 
 
 
 
 
 
 
 

Company Contributions
For the fiscal three months ended April 2, 2017, the Company contributed $17 million and $10 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.