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PENSION AND OTHER POSTRETIREMENT BENEFITS

3 Months Ended

Mar. 29, 2020

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