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PENSION AND OTHER POSTRETIREMENT BENEFITS | 6 Months Ended
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Apr. 28, 2019
PENSION AND OTHER POSTRETIREMENT BENEFITS |
PENSION AND OTHER POSTRETIREMENT BENEFITS | (8) Pension and Other Postretirement Benefits The Company has several defined benefit pension plans and postretirement benefit (OPEB) plans, primarily health care and life insurance plans, covering its U.S. employees and employees in certain foreign countries. The worldwide components of net periodic pension cost consisted of the following in millions of dollars:
|  | Three Months Ended |  | Six Months Ended |
|  | April 28 |  | April 29 |  | April 28 |  | April 29 |
|  | 2019 |  | 2018 |  | 2019 |  | 2018 |
Service cost |  | $ | 66 |  | $ | 76 |  | $ | 132 |  | $ | 148 |
Interest cost |  |  | 111 |  |  | 97 |  |  | 222 |  |  | 195 |
Expected return on plan assets |  |  | (200) |  |  | (194) |  |  | (400) |  |  | (388) |
Amortization of actuarial loss |  |  | 36 |  |  | 54 |  |  | 71 |  |  | 115 |
Amortization of prior service cost |  |  | 3 |  |  | 3 |  |  | 6 |  |  | 6 |
Settlements/curtailments |  |  |  |  |  | 6 |  |  |  |  |  | 6 |
Net cost |  | $ | 16 |  | $ | 42 |  | $ | 31 |  | $ | 82 |
The worldwide components of net periodic OPEB cost consisted of the following in millions of dollars:
|  | Three Months Ended |  | Six Months Ended |
|  | April 28 |  | April 29 |  | April 28 |  | April 29 |
|  | 2019 |  | 2018 |  | 2019 |  | 2018 |
Service cost |  | $ | 10 |  | $ | 11 |  | $ | 20 |  | $ | 22 |
Interest cost |  |  | 53 |  |  | 48 |  |  | 107 |  |  | 96 |
Expected return on plan assets |  |  | (9) |  |  | (6) |  |  | (18) |  |  | (11) |
Amortization of actuarial loss |  |  | 3 |  |  | 15 |  |  | 8 |  |  | 31 |
Amortization of prior service credit |  |  | (18) |  |  | (19) |  |  | (36) |  |  | (38) |
Net cost |  | $ | 39 |  | $ | 49 |  | $ | 81 |  | $ | 100 |
The components of net periodic pension and OPEB costs excluding the service cost component are included in the line item other operating expenses in the statement of consolidated income. During the first six months of 2019, the Company contributed approximately $32 million to its pension plans and $72 million to its OPEB plans. The Company presently anticipates contributing an additional $36 million to its pension plans and $64 million to its OPEB plans during the remainder of fiscal year 2019. These contributions primarily include direct benefit payments from Company funds.

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