Note 7: Employee Benefit Plans

3 Months Ended

Mar. 31, 2012

Notes to Condensed Consolidated Financial Statements [Abstract]

Note 7: Employee Benefit Plans

Note 7: 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 March 31,
(Dollars in millions)		2012		2011
Defined Benefit Plans	$	13	$	29
Defined Contribution Plans	$	62	$	57

There were no contributions to our domestic defined benefit pension plans in the first quarters of 2012 and 2011.

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 March 31,				Quarter Ended March 31,
(Dollars in millions)	2012		2011		2012		2011
Service cost	$	115	$	111	$	1	$	1
Interest cost		313		324		8		10
Expected return on plan assets		(456)		(456)		-		-
Amortization		(3)		(3)		-		(1)
Recognized actuarial net loss (gain)		181		115		(2)		(2)
Net settlement and curtailment loss		28		-		-		-
Total net periodic benefit cost	$	178	$	91	$	7	$	8

Net settlements and curtailment losses for pension benefits includes a curtailment loss of $21 million related to,and recorded in discontinued operations as of March 31, 2012.