Pension and Postretirement Benefit Plans | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | The following summarizes the components of net periodic benefit cost/(credit): | | | Three Months Ended | | | | Pension Plans | | | | | | U.S.
Qualified | | U.S. Supplemental
(Non-Qualified) | | International | | Postretirement
Plans | | (MILLIONS OF DOLLARS) | | Sept. 27, 2020 | | Sept. 29, 2019 | | Sept. 27, 2020 | | Sept. 29, 2019 | | Sept. 27, 2020 | | Sept. 29, 2019 | | Sept. 27, 2020 | | Sept. 29, 2019 | Service cost | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 36 | | | $ | 31 | | | $ | 10 | | | $ | 9 | | Interest cost | | 131 | | | 157 | | | 9 | | | 12 | | | 40 | | | 53 | | | 13 | | | 19 | | Expected return on plan assets | | (251) | | | (222) | | | — | | | — | | | (75) | | | (79) | | | (9) | | | (8) | | Amortization of: | | | | | | | | | | | | | | | | | Actuarial losses | | 32 | | | 37 | | | 4 | | | 2 | | | 31 | | | 20 | | | — | | | — | | Prior service credits | | (1) | | | (1) | | | — | | | — | | | (1) | | | (1) | | | (43) | | | (43) | | | | | | | | | | | | | | | | | | | | Curtailments | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | (47) | | | Settlements | | 171 | | | 1 | | | 3 | | | 22 | | | 1 | | | 12 | | | — | | | (10) | | Special termination benefits | | — | | | 3 | | | — | | | 5 | | | — | | | — | | | — | | | 1 | | Net periodic benefit cost/(credit) reported in income | | $ | 82 | | | $ | (25) | | | $ | 15 | | | $ | 41 | | | $ | 32 | | | $ | 37 | | | $ | (30) | | | $ | (78) | | | | | Nine Months Ended | | | | Pension Plans | | | | | | U.S.
Qualified | | U.S. Supplemental
(Non-Qualified) | | International | | Postretirement
Plans | | (MILLIONS OF DOLLARS) | | Sept. 27, 2020 | | Sept. 29, 2019 | | Sept. 27, 2020 | | Sept. 29, 2019 | | Sept. 27, 2020 | | Sept. 29, 2019 | | Sept. 27, 2020 | | Sept. 29, 2019 | Service cost | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 108 | | | $ | 94 | | | $ | 29 | | | $ | 28 | | Interest cost | | 393 | | | 472 | | | 26 | | | 37 | | | 122 | | | 162 | | | 38 | | | 57 | | Expected return on plan assets | | (754) | | | (667) | | | — | | | — | | | (228) | | | (239) | | | (27) | | | (25) | | Amortization of: | | | | | | | | | | | | | | | | | Actuarial losses | | 96 | | | 110 | | | 11 | | | 7 | | | 93 | | | 61 | | | — | | | 2 | | Prior service credits | | (2) | | | (2) | | | — | | | (1) | | | (2) | | | (3) | | | (129) | | | (132) | | | | | | | | | | | | | | | | | | | | Curtailments | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | (47) | | | Settlements | | 191 | | | 3 | | | 47 | | | 21 | | | 2 | | | 12 | | | — | | | (10) | | Special termination benefits | | — | | | 4 | | | 2 | | | 14 | | | — | | | — | | | — | | | 2 | | Net periodic benefit cost/(credit) reported in income | | $ | (77) | | | $ | (80) | | | $ | 85 | | | $ | 78 | | | $ | 96 | | | $ | 88 | | | $ | (89) | | | $ | (124) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | The following summarizes the amounts we contributed, and the amounts we expect to contribute during 2020, to our pension and postretirement plans from our general assets for the periods indicated: | | | Pension Plans | | | | (MILLIONS OF DOLLARS) | | U.S. Qualified | | U.S. Supplemental (Non-Qualified) | | International | | Postretirement Plans | | Contributions from our general assets for the nine months ended September 27, 2020 | | $ | 1,253 | | | $ | 169 | | | $ | 151 | | | $ | 84 | | Expected contributions from our general assets during 2020(a) | | 1,253 | | | 188 | | | 186 | | | 122 | |
(a)Contributions expected to be made for 2020 are inclusive of amounts contributed during the nine months ended September 27, 2020. The U.S. supplemental (non-qualified) pension plan, international pension plan and the postretirement plan contributions from our general assets include direct employer benefit payments. For the U.S. qualified plans, we made a $1.25 billion voluntary contribution in September 2020.
|