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PENSION AND OTHER POSTRETIREMENT BENEFITS | 3 Months Ended
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Mar. 29, 2020
Retirement Benefits [Abstract] |
PENSION AND OTHER POSTRETIREMENT BENEFITS | NOTE 4. PENSIONS AND OTHER POSTRETIREMENT BENEFITS We sponsor funded and unfunded domestic and foreign defined benefit pension and other postretirement benefit (OPEB) plans. Contributions to these plans were as follows:
|  | Three months ended |  |  |  |  |  |
In millions |  | March 29, 2020 |  | March 31, 2019 |  |  |  |
Defined benefit pension contributions |  | $ | 56 |  |  | $ | 33 |  |  |  |  |
OPEB payments, net |  | 4 |  |  | 14 |  |  |  |  |
Defined contribution pension plans |  | 34 |  |  | 39 |  |  |  |  |
During the remainder of 2020, we anticipate making additional defined benefit pension contributions of $35 million in cash to our global pension plans. These contributions may be made from trusts or company funds either to increase pension assets or to make direct benefit payments to plan participants. Our 2020 annual net periodic pension cost is $102 million. The components of net periodic pension and other postretirement benefit costs under our plans were as follows:
|  | Pension |  |  |  |  |  |  |  |  |  |
|  | U.S. Plans |  |  |  | U.K. Plans |  |  |  | Other Postretirement Benefits |  |
|  | Three months ended |  |  |  |  |  |  |  |  |  |
In millions |  | March 29, 2020 |  | March 31, 2019 |  | March 29, 2020 |  | March 31, 2019 |  | March 29, 2020 |  | March 31, 2019
Service cost |  | $ | 34 |  |  | $ | 29 |  |  | $ | 7 |  |  | $ | 7 |  |  | $ | — |  |  | $ | — |
Interest cost |  | 24 |  |  | 27 |  |  | 9 |  |  | 11 |  |  | 2 |  |  | 2 |
Expected return on plan assets |  | (49) |  |  | (47) |  |  | (19) |  |  | (18) |  |  | — |  |  | — |
Amortization of prior service cost |  | — |  |  | — |  |  | 1 |  |  | — |  |  | — |  |  | — |
Recognized net actuarial loss |  | 10 |  |  | 4 |  |  | 8 |  |  | 3 |  |  | — |  |  | — |
Net periodic benefit cost |  | $ | 19 |  |  | $ | 13 |  |  | $ | 6 |  |  | $ | 3 |  |  | $ | 2 |  |  | $ | 2 |

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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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