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Pensions and Other Postretirement Benefits | 6 Months Ended
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Jul. 02, 2017
Retirement Benefits [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 second quarters of 2017 and 2016 include the following components:
|  | Fiscal Second Quarters Ended
|  | Retirement Plans |  | Other Benefit Plans
(Dollars in Millions) |  | July 2, 2017 |  | July 3, 2016 |  | July 2, 2017 |  | July 3, 2016
Service cost |  | $ | 255 |  |  | 226 |  |  | 62 |  |  | 55 |
Interest cost |  | 231 |  |  | 233 |  |  | 40 |  |  | 39 |
Expected return on plan assets |  | (509 | ) |  | (493 | ) |  | (1 | ) |  | (1 | )
Amortization of prior service cost/(credit) |  | 1 |  |  | (1 | ) |  | (8 | ) |  | (8 | )
Recognized actuarial losses |  | 150 |  |  | 124 |  |  | 35 |  |  | 34 |
Curtailments and settlements |  | (1 | ) |  | 4 |  |  | — |  |  | — |
Net periodic benefit cost |  | $ | 127 |  |  | 93 |  |  | 128 |  |  | 119 |
Net periodic benefit cost for the Company’s defined benefit retirement plans and other benefit plans for the fiscal six months of 2017 and 2016 include the following components:
|  | Fiscal Six Months Ended
|  | Retirement Plans |  | Other Benefit Plans
(Dollars in Millions) |  | July 2, 2017 |  | July 3, 2016 |  | July 2, 2017 |  | July 3, 2016
Service cost |  | $ | 506 |  |  | 452 |  |  | 123 |  |  | 110 |
Interest cost |  | 461 |  |  | 466 |  |  | 79 |  |  | 79 |
Expected return on plan assets |  | (1,014 | ) |  | (985 | ) |  | (3 | ) |  | (3 | )
Amortization of prior service cost/(credit) |  | 1 |  |  | — |  |  | (15 | ) |  | (16 | )
Recognized actuarial losses |  | 302 |  |  | 248 |  |  | 69 |  |  | 68 |
Curtailments and settlements |  | (1 | ) |  | 5 |  |  | — |  |  | — |
Net periodic benefit cost |  | $ | 255 |  |  | 186 |  |  | 253 |  |  | 238 |
Company Contributions For the fiscal six months ended July 2, 2017, the Company contributed $34 million and $20 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.

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- Definition The entire disclosure for pension and other postretirement benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 + Details
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