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Postretirement Benefit Plans | 9 Months Ended
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Mar. 30, 2018
Retirement Benefits [Abstract] |
Postretirement Benefit Plans | Note K — Postretirement Benefit Plans Defined Contribution Plan We sponsor a defined contribution savings plan, which allows our eligible employees to contribute a portion of their pre-tax and/or after-tax income in accordance with specified guidelines. The plan includes several match contribution formulas which require us to match a percentage of the employee contributions up to certain limits, generally totaling between 2 percent and 6 percent of employee eligible pay. Matching contributions charged to expense were $62 million in the three quarters ended March 30, 2018 and included the issuance of 81,329 shares of our common stock in the quarter ended March 30, 2018. Defined Benefit Plans The following tables provide the components of our net periodic benefit income for our defined benefit plans, including defined benefit pension plans and other postretirement defined benefit plans:
|  | Quarter Ended March 30, 2018 |  | Three Quarters Ended March 30, 2018
|  | Pension |  | Other Benefits |  | Total |  | Pension |  | Other Benefits |  | Total
|  | (In millions)
Net periodic benefit income |  |  |  |  |  |  |  |  |  |  |
Service cost | $ | 10 |  |  | $ | — |  |  | $ | 10 |  |  | $ | 29 |  |  | $ | 1 |  |  | $ | 30 |
Interest cost | 49 |  |  | 1 |  |  | 50 |  |  | 146 |  |  | 5 |  |  | 151 |
Expected return on plan assets | (92 | ) |  | (4 | ) |  | (96 | ) |  | (276 | ) |  | (12 | ) |  | (288 | )
Amortization of net actuarial gain | — |  |  | — |  |  | — |  |  | — |  |  | (1 | ) |  | (1 | )
Total net periodic benefit income | $ | (33 | ) |  | $ | (3 | ) |  | $ | (36 | ) |  | $ | (101 | ) |  | $ | (7 | ) |  | $ | (108 | )
|  | Quarter Ended March 31, 2017 |  | Three Quarters Ended March 31, 2017
|  | Pension |  | Other Benefits |  | Total |  | Pension |  | Other Benefits |  | Total
| (In millions)
Net periodic benefit income |  |  |  |  |  |  |  |  |  |  |
Service cost(1) | $ | 15 |  |  | $ | 1 |  |  | $ | 16 |  |  | $ | 44 |  |  | $ | 1 |  |  | $ | 45 |
Interest cost | 46 |  |  | 2 |  |  | 48 |  |  | 138 |  |  | 6 |  |  | 144 |
Expected return on plan assets | (85 | ) |  | (5 | ) |  | (90 | ) |  | (255 | ) |  | (13 | ) |  | (268 | )
Total net periodic benefit income | $ | (24 | ) |  | $ | (2 | ) |  | $ | (26 | ) |  | $ | (73 | ) |  | $ | (6 | ) |  | $ | (79 | )
(1) | $1 million and $2 million of the service cost component of net periodic benefit income are included as a component of the “Discontinued operations, net of income taxes” line item in our Condensed Consolidated Statement of Income (Unaudited) for the quarter and three quarters ended March 31, 2017, respectively.
We contributed $301 million to our qualified defined benefit pension plans during the quarter and three quarters ended March 30, 2018, including a $300 million voluntary contribution to our U.S. qualified pension plans. As a result of this voluntary contribution as well as the $400 million voluntary contribution made during the quarter ended June 30, 2017, we currently anticipate making no contributions to our U.S. qualified defined benefit pension plans and minor contributions to our non-U.S. pension plan during the remainder of fiscal 2018. We contributed $40 million and $143 million to our qualified defined benefit pension plans during the quarter and three quarters ended March 31, 2017, respectively. The U.S. Salaried Retirement Plan (“U.S. SRP”), a U.S. qualified pension plan, is our largest defined benefit pension plan, with assets valued at $4.4 billion and a projected benefit obligation of $5.6 billion as of June 30, 2017. Effective December 31, 2016, future benefit accruals under the U.S. SRP benefit formula were frozen for all employees and replaced with a 1% cash balance defined benefit formula for certain non-highly compensated employees.

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- Definition The entire disclosure for pension and other postretirement benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 + Details
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