Pension and Other Postretirement Benefit Plans

9 Months Ended

Jul. 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 nine months ended July 2, 2016, and June 27, 2015, are as follows (in millions):



	Pension Plans
	Three Months Ended						Nine Months Ended
	July 2, 2016			June 27, 2015			July 2, 2016			June 27, 2015

Service cost	$	4		$	5		$	11		$	13
Interest cost	18			21			56			63
Expected return on plan assets	(16		)	(25		)	(49		)	(75		)
Amortization of:
Net actuarial loss	2			1			5			4
Settlement (gain) loss (a)	—			—			(12		)	8
Net periodic cost	$	8		$	2		$	11		$	13



	Postretirement Benefit Plans
	Three Months Ended					Nine Months Ended
	July 2, 2016			June 27, 2015		July 2, 2016			June 27, 2015

Service cost	$	—		$	2	$	—		$	4
Interest cost	1			2		3			5
Amortization of:
Net actuarial (gain) loss	(5		)	6		(14		)	6
Prior service credit	(4		)	—		(13		)	—
Net periodic cost (credit)	$	(8	)	$	10	$	(24	)	$	15

(a) We made lump-sum settlement payments using plan assets of $265 million and $18 million for the nine months ended July 2, 2016, and June 27, 2015, respectively, to certain deferred vested participants within our qualified pension plans.

We contributed $1 million and $3 million to our pension plans for the three months ended July 2, 2016, and June 27, 2015, respectively. We contributed $54 million and $12 million to our pension plans for the nine months ended July 2, 2016, and June 27, 2015, respectively. We expect to contribute an additional $9 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.