PENSIONS AND OTHER BENEFIT PLANS

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 2018 and 2017 include the following components:



	Fiscal First Quarters Ended
	Retirement Plans					Other Benefit Plans
(Dollars in Millions)	April 1, 2018			April 2, 2017		April 1, 2018		April 2, 2017
Service cost	$	309		251		67		61
Interest cost	252			230		37		39
Expected return on plan assets	(560		)	(505	)	(2	)	(2	)
Amortization of prior service cost/(credit)	1			—		(8	)	(7	)
Recognized actuarial losses	215			152		30		34
Curtailments and settlements	(2		)	—		—		—
Net periodic benefit cost	$	215		128		124		125

As per the adoption of ASU 2017-07, the service cost component of net periodic benefit cost was presented in the same line items on the Consolidated Statement of Earnings where other employee compensation costs are reported. All other components of net periodic benefit cost are presented as part of Other (income) expense, net on the Consolidated Statement of Earnings.

Company Contributions

For the fiscal three months ended April 1, 2018, the Company contributed $18 million and $9 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.