Pension and Other Postretirement Benefit Plans

6 Months Ended

Apr. 02, 2016

Compensation and Retirement Disclosure [Abstract]

Pension and Other Postretirement Benefits Disclosure [Text Block]

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS

The components of the net periodic cost for the pension and postretirement benefit plans for the three and six months ended April 2, 2016, and March 28, 2015, are as follows (in millions):



	Pension Plans
	Three Months Ended						Six Months Ended
	April 2, 2016			March 28, 2015			April 2, 2016			March 28, 2015

Service cost	$	3		$	4		$	7		$	8
Interest cost	18			21			38			42
Expected return on plan assets	(16		)	(25		)	(33		)	(50		)
Amortization of:
Net actuarial loss	2			2			3			3
Settlement (gain) loss (a)	—			—			(12		)	8
Net periodic cost	$	7		$	2		$	3		$	11



	Postretirement Benefit Plans
	Three Months Ended					Six Months Ended
	April 2, 2016			March 28, 2015		April 2, 2016			March 28, 2015

Service cost	$	—		$	1	$	—		$	2
Interest cost	1			1		2			3
Amortization of:
Net actuarial gain	(9		)	—		(9		)	—
Prior service credit	(5		)	—		(9		)	—
Net periodic cost (credit)	$	(13	)	$	2	$	(16	)	$	5

(a) We made lump-sum settlement payments using plan assets of $265 million and $18 million for the six months ended April 2, 2016, and March 28, 2015, respectively, to certain deferred vested participants within our qualified pension plans.

We contributed $21 million and $6 million to our pension plans for the three months ended April 2, 2016, and March 28, 2015, respectively. We contributed $53 million and $9 million to our pension plans for the six months ended April 2, 2016, and March 28, 2015, respectively. We expect to contribute an additional $10 million during the remainder of fiscal 2016. The amount of contributions made to pension plans in any year is dependent upon a number of factors including minimum funding requirements in the jurisdictions in which we operate. As a result, the actual funding in fiscal 2016 may differ from the current estimate.