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EMPLOYEE BENEFIT PLANS
9 Months Ended
Sep. 28, 2019
Compensation And Retirement Disclosure [Abstract]  
EMPLOYEE BENEFIT PLANS

NOTE 11. EMPLOYEE BENEFIT PLANS

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS – NORTH AMERICA

The components of net periodic pension expense (benefit) for the Company’s North America pension plans are as follows:

 

 

 

Third Quarter

 

 

Year-to-Date

 

(In millions)

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Service cost

 

$

2

 

 

$

1

 

 

$

6

 

 

$

3

 

Interest cost

 

 

9

 

 

 

8

 

 

 

27

 

 

 

26

 

Expected return on plan assets

 

 

(11

)

 

 

(11

)

 

 

(32

)

 

 

(32

)

Net periodic pension expense (benefit)

 

$

 

 

$

(2

)

 

$

1

 

 

$

(3

)

 

During year-to-date 2019, $2 million of cash contributions were made to the North American pension plans. The Company expects the additional cash contributions to the North America pension plans during the remainder of 2019 to not be significant.

PENSION PLAN – UNITED KINGDOM

The components of net periodic pension benefit for the Company’s UK pension plan are as follows:

 

 

 

Third Quarter

 

 

Year-to-Date

 

(In millions)

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Service cost

 

$

 

 

$

 

 

$

 

 

$

 

Interest cost

 

 

1

 

 

 

2

 

 

 

4

 

 

 

5

 

Expected return on plan assets

 

 

(1

)

 

 

(2

)

 

 

(5

)

 

 

(6

)

Net periodic pension benefit

 

$

 

 

$

 

 

$

(1

)

 

$

(1

)

 

The UK pension plan is in a net asset position. During year-to-date 2019, cash contributions of $2 million were made to the UK pension plan.

Net periodic pension benefits for the North America and UK pension and other postretirement benefit plans (the “Plans”) are recorded at the Corporate level. The service cost for the Plans are reflected in Selling, general and administrative expenses, and the other components of net periodic pension benefits are reflected in Other income, net, in the Condensed Consolidated Statements of Operations.