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Pensions and Other Benefit Plans
 6 Months Ended
Jul. 04, 2021
Retirement Benefits [Abstract]  
Pensions and Other Benefit Plans PENSIONS AND OTHER BENEFIT PLANS
Components of Net Periodic Benefit Cost
Net periodic benefit costs for the Company’s defined benefit retirement plans and other benefit plans include the following components:
Fiscal Second Quarter EndedFiscal Six Months Ended
 Retirement PlansOther Benefit PlansRetirement PlansOther Benefit Plans
(Dollars in Millions)July 4, 2021June 28, 2020July 4, 2021June 28, 2020July 4, 2021June 28, 2020July 4, 2021June 28, 2020
Service cost$327 323 77 72 680 649 154 144 
Interest cost193 237 21 33 386 477 41 66 
Expected return on plan assets(647)(608)(2)(1)(1,327)(1,222)(4)(3)
Amortization of prior service cost/(credit)(45)1 (7)(8)(90)1 (15)(16)
Recognized actuarial losses316 222 37 35 630 445 75 71 
Curtailments and settlements— — — — 1 19 — — 
Net periodic benefit cost$144 175 126 131 280 369 251 262 

The service cost component of net periodic benefit cost is 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 six months ended July 4, 2021, the Company contributed $46 million and $222 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.