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Postretirement Benefit Plans | 9 Months Ended
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Mar. 29, 2019
Retirement Benefits [Abstract] |
Postretirement Benefit Plans | Note J — Postretirement 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 29, 2019 |  | Three Quarters Ended March 29, 2019
| Pension |  | Other Benefits |  | Pension |  | Other Benefits
| (In millions)
Net periodic benefit income |  |  |  |  |  |  |
Service cost | $ | 9 |  |  | $ | 1 |  |  | $ | 27 |  |  | $ | 1 |
Interest cost | 52 |  |  | 2 |  |  | 157 |  |  | 6 |
Expected return on plan assets | (95 | ) |  | (4 | ) |  | (286 | ) |  | (12 | )
Amortization of net actuarial gain | — |  |  | (2 | ) |  | — |  |  | (5 | )
Total net periodic benefit income | $ | (34 | ) |  | $ | (3 | ) |  | $ | (102 | ) |  | $ | (10 | )
| Quarter Ended March 30, 2018 |  | Three Quarters Ended March 30, 2018
| Pension |  | Other Benefits |  | Pension |  | Other Benefits
| (In millions)
Net periodic benefit income |  |  |  |  |  |  |
Service cost | $ | 10 |  |  | $ | — |  |  | $ | 29 |  |  | $ | 1 |
Interest cost | 49 |  |  | 1 |  |  | 146 |  |  | 5 |
Expected return on plan assets | (92 | ) |  | (4 | ) |  | (276 | ) |  | (12 | )
Amortization of net actuarial gain | — |  |  | — |  |  | — |  |  | (1 | )
Total net periodic benefit income | $ | (33 | ) |  | $ | (3 | ) |  | $ | (101 | ) |  | $ | (7 | )
The service cost component of net periodic benefit income is included in the “Cost of product sales and services” and “Engineering, selling and administrative expenses” line items in our Condensed Consolidated Statement of Income (Unaudited). The non-service cost components of net periodic pension income are included in the “Non-operating income” line item in our Condensed Consolidated Statement of Income (Unaudited). We contributed $301 million to our qualified defined benefit pensions plans during the quarter and three quarters ended March 30, 2018, including a $300 million voluntary contribution to our U.S. qualified defined benefit pension plans in the quarter ended March 30, 2018. As a result of this voluntary contribution as well as a $400 million voluntary contribution made during fiscal 2017, we made no contributions to our U.S. qualified defined benefit pension plans during the quarter and three quarters ended March 29, 2019, and we currently anticipate making no c ontributions to our U.S. qualified defined benefit pension plans and minor contributions to a non-U.S. pension plan during the remainder of fiscal 2019. 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 $4.6 billion and a projected benefit obligation of $5.2 billion as of June 29, 2018. Effective December 31, 2016, accruals under the U.S. SRP benefit formula were frozen for all employees and replaced with a 1% cash balance benefit formula for certain employees who were not highly compensated on December 31, 2016.

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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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