Employee Related Obligations

12 Months Ended

Jan. 03, 2016

At the end of 2015 and 2014, employee related obligations recorded on the Consolidated Balance Sheets were:



(Dollars in Millions)	2015		2014
Pension benefits	$	3,857	4,547
Postretirement benefits	2,738		3,161
Postemployment benefits	2,092		2,062
Deferred compensation	584		599
Total employee obligations	9,271		10,369
Less current benefits payable	417		397
Employee related obligations — non-current	$	8,854	9,972

Prepaid employee related obligations of $256 million and $233 million for 2015 and 2014, respectively, are included in Other assets on the Consolidated Balance Sheets.

- Definition

The entire disclosure for compensation costs, including compensated absences accruals, compensated absences liability, deferred compensation arrangements and income statement compensation items. Deferred compensation arrangements may include a description of an arrangement with an individual employee, which is generally an employment contract between the entity and a selected officer or key employee containing a promise by the employer to pay certain amounts at designated future dates, usually including a period after retirement, upon compliance with stipulated requirements. This type of arrangement is distinguished from broader based employee benefit plans as it is usually tailored to the employee. Disclosure also typically includes the amount of related compensation expense recognized during the reporting period, the number of shares (units) issued during the period under such arrangements, and the carrying amount as of the balance sheet date of the related liability.

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