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PENSION AND OTHER POSTRETIREMENT BENEFITS (Tables)

3 Months Ended

Mar. 29, 2020

Retirement Benefits [Abstract]

Schedule Benefit Plans Disclosures Cash Contributions

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

Components of net periodic pension and other postretirement benefit cost

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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Tabular disclosure of one or more of the entity's defined benefit pension plans or one or more other defined benefit postretirement plans, separately for pension plans and other postretirement benefit plans including the entity's schedule of fair value of plan assets for defined benefit or other postretirement plans.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 55
-Paragraph 17
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Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments.

+ References

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-Section 50
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