GIS » Topics » (11) Retirement and Other Postretirement Benefit Plans

This excerpt taken from the GIS 10-Q filed Oct 3, 2005.

(11)   Retirement and Other Postretirement Benefit Plans

Components of net pension and postretirement (income) expense for each fiscal period are as follows:

Pension Plans
Postretirement Benefit Plans
13 Weeks Ended
13 Weeks Ended
In Millions Aug. 28,
2005
Aug. 29,
2004
Aug. 28,
2005
Aug. 29,
2004

Service cost     $ 19   $ 15   $ 4   $ 4  
Interest cost     42    42     13    13  
Expected return on plan assets     (81 )  (75 )   (6 )  (6 )
Amortization of losses     9    3     5    4  
Amortization of prior service
   costs     1    1          
Settlement or curtailment losses        2        2  

  Net (income) expense   $ (10 ) $ (12 ) $ 16   $ 17  


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