Note 6: Employee Benefit Plans

6 Months Ended

Jun. 30, 2011

Notes to Condensed Consolidated Financial Statements [Abstract]

Note 6: Employee Benefit Plans

Note 6: Employee Benefit Plans

Pension and Postretirement Plans. We sponsor both funded and unfunded domestic and foreign defined pension and other postretirement benefit plans, and defined contribution plans. Contributions to these plans were as follows:

	Quarter Ended June 30,				Six Months Ended June 30,
(Dollars in millions)		2011		2010		2011		2010
Defined Benefit Plans	$	41	$	469	$	70	$	511
Defined Contribution Plans	$	56	$	46	$	113	$	96

There were no contributions to our domestic defined benefit pension plans in the first six months of 2011. In the first six months of 2010, we made contributions of $451 million to our domestic defined benefit pension plans, almost entirely in the second quarter, including a $250 million contribution of UTC common stock.

The following tables illustrate the components of net periodic benefit cost for our defined pension and other postretirement benefit plans:

	Pension Benefits				Other Postretirement Benefits
	Quarter Ended June 30,				Quarter Ended June 30,
(Dollars in millions)	2011		2010		2011		2010
Service cost	$	111	$	99	$	1	$	-
Interest cost		326		320		10		12
Expected return on plan assets		(458)		(428)		-		-
Amortization		(3)		(4)		(1)		-
Recognized actuarial net loss (gain)		116		71		(2)		(1)
Net settlement and curtailment loss		13		11		-		-
Total net periodic benefit cost	$	105	$	69	$	8	$	11
	Pension Benefits				Other Postretirement Benefits
	Six Months Ended June 30,				Six Months Ended June 30,
(Dollars in millions)	2011		2010		2011		2010
Service cost	$	222	$	198	$	2	$	1
Interest cost		650		642		20		23
Expected return on plan assets		(914)		(859)		-		-
Amortization		(6)		(8)		(2)		(1)
Recognized actuarial net loss (gain)		231		142		(4)		(1)
Net settlement and curtailment loss		13		17		-		-
Total net periodic benefit cost	$	196	$	132	$	16	$	22