XML 34 R42.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 12: Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2012
Notes to Consolidated Financial Statements [Abstract]  
Schedule of Defined Benefit Plans Disclosures [Text Block]
(Dollars in millions)  2012  2011
Change in Benefit Obligation:      
Beginning balance $ 27,167 $ 24,445
Service cost   500   444
Interest cost   1,331   1,298
Actuarial loss   2,855   2,185
Total benefits paid   (1,357)   (1,233)
Net settlement and curtailment (gain) loss    (90)   1
Plan amendments    (195)   21
Business combinations   5,235   -
Other   262   6
Ending balance $ 35,708 $ 27,167
Change in Plan Assets:      
Beginning balance $ 23,542 $ 22,384
Actual return on plan assets   3,306   1,320
Employer contributions   516   1,060
Benefits paid from plan assets   (1,357)   (1,233)
Business combinations   3,800   -
Other   121   11
Ending balance $ 29,928 $ 23,542
Funded Status:      
Fair value of plan assets $ 29,928 $ 23,542
Benefit obligations   (35,708)   (27,167)
Funded status of plan $ (5,780) $ (3,625)
Amounts Recognized in the Consolidated Balance Sheet Consist of:      
Noncurrent assets $ 643 $ 552
Current liability   (105)   (64)
Noncurrent liability   (6,318)   (4,113)
Net amount recognized $ (5,780) $ (3,625)
Amounts Recognized in Accumulated Other Comprehensive Loss Consist of:      
Net actuarial loss $ 10,215 $ 9,436
Prior service credit   (322)   (152)
Transition obligation   -   6
Net amount recognized $ 9,893 $ 9,290

(Dollars in millions) 2012 2011
Projected benefit obligation $ 32,278 $ 24,091
Accumulated benefit obligation   31,147   23,198
Fair value of plan assets   25,889   19,949

(Dollars in millions) 2012 2011 2010
Pension Benefits:         
 Service cost $ 500 $ 444 $ 396
 Interest cost   1,331   1,298   1,287
 Expected return on plan assets   (1,944)   (1,834)   (1,735)
 Amortization of prior service credits   (24)   (12)   (18)
 Amortization of unrecognized net transition obligation   1   1   1
 Recognized actuarial net loss   722   462   285
 Net settlement and curtailment loss    77   16   2
Net periodic pension cost – employer $ 663 $ 375 $ 218

(Dollars in millions)   
 Current year actuarial loss $ 1,493
 Amortization of actuarial loss   (722)
 Current year prior service credit   (195)
 Amortization of prior service credit   24
 Amortization of transition obligation   (1)
 Other   4
Total recognized in other comprehensive loss $ 603
Net recognized in net periodic pension cost and other comprehensive loss $ 1,266

(Dollars in millions)   
Net actuarial loss $ 964
Prior service credit   (42)
  $ 922

  Benefit Obligation Net Cost
  2012 2011 2012 2011 2010
Discount rate 4.0%  4.7%  4.6%  5.4%  5.9%
Salary scale 4.2%  4.3%  4.3%  4.4%  4.4%
Expected return on plan assets -  -  7.7%  7.9%  8.0%

   Quoted Prices in Active Markets For Identical Assets Significant Observable Inputs Significant Unobservable Inputs   
(Dollars in millions) (Level 1) (Level 2)  (Level 3)  Total
Asset Category:            
Public Equities            
 Global Equities $ 6,413 $ - $ - $6,413
 Global Equity Commingled Funds (a)   -   4,114   -  4,114
 Enhanced Global Equities (b)   169   1,959   447  2,575
Private Equities (c)   -   -   1,202  1,202
Fixed Income Securities            
 Governments   1,003   1,421   -  2,424
 Corporate Bonds    -   7,699   276  7,975
 Structured Products (d)   -   21   -  21
Real Estate (e)   -   19   1,785  1,804
Other (f)   -   2,182   -  2,182
Cash & Cash Equivalents (g)   1   364   -   365
 Subtotal $7,586 $17,779 $3,710  29,075
 Other Assets & Liabilities (h)           853
 Total at December 31, 2012          $29,928
              
Public Equities            
 Global Equities $ 5,210 $ 4 $ - $5,214
 Global Equity Commingled Funds (a)   -   2,981   -  2,981
 Enhanced Global Equities (b)   44   1,590   239  1,873
Private Equities (c)   -   -   1,159  1,159
Fixed Income Securities            
 Governments   1,564   1,199   -  2,763
 Corporate Bonds    -   5,167   110  5,277
 Structured Products (d)   -   67   -  67
Real Estate (e)   -   16   1,364  1,380
Other (f)   -   1,869   -  1,869
Cash & Cash Equivalents (g)   -   359   -   359
 Subtotal $6,818 $13,252 $2,872  22,942
 Other Assets & Liabilities (h)           600
 Total at December 31, 2011          $23,542
            
(a)Represents commingled funds that invest primarily in common stocks.      
(b)Represents enhanced equity separate account and commingled fund portfolios. A portion of the portfolio may include long-short
 market neutral and relative value strategies that invest in publicly traded, equity and fixed income securities, as well as derivatives of equity
 and fixed income securities and foreign currency.
(c)Represents limited partner investments with general partners that primarily invest in debt and equity.
(d)Represents mortgage and asset-backed securities.
(e)Represents investments in real estate including commingled funds and directly held properties.
(f)Represents insurance contracts and global balanced risk commingled funds consisting mainly of equity, bonds and some commodities.
(g)Represents short-term commercial paper, bonds and other cash or cash-like instruments.
(h)Represents trust receivables and payables that are not leveled.

(Dollars in millions)Global Equities Enhanced Global Equities Private Equities Corporate Bonds Real Estate Total
Balance, December 31, 2010$ 1 $ 245 $ 1,134 $ - $944 $2,324
 Realized gains (losses)  -   (1)   108   -  (6)  101
 Unrealized gains (losses) relating to                 
  instruments still held in the reporting period  -   (1)   17   6  137  159
 Purchases, sales, and settlements, net  (1)   (4)   (100)   104  289  288
Balance, December 31, 2011  -   239   1,159   110   1,364  2,872
 Plan assets acquired    -   63   -   -   79  142
 Realized gains  -   1   174   3  6  184
 Unrealized (losses) gains relating to                 
  instruments still held in the reporting period  -   31   (14)   51  115  183
 Purchases, sales, and settlements, net  -   113   (117)   112  221  329
Balance, December 31, 2012$ - $447 $ 1,202 $ 276 $1,785 $3,710
                     

(Dollars in millions) 2012 2011
Change in Benefit Obligation:      
Beginning balance $ 784 $ 832
Service cost   3   3
Interest cost   37   39
Actuarial loss (gain)   45   (7)
Total benefits paid   (107)   (104)
Business combinations   328   -
Other   16   21
Ending balance $ 1,106 $ 784
Change in Plan Assets:      
Beginning balance $ - $ 10
Actual return on plan assets   -   2
Employer contributions   85   76
Benefits paid from plan assets   (107)   (104)
Other   22   16
Ending balance $ - $ -
Funded Status:      
Fair value of plan assets $ - $ -
Benefit obligations   (1,106)   (784)
Funded status of plan $ (1,106) $ (784)
Amounts Recognized in the Consolidated Balance Sheet Consist of:      
Current liability $ (91) $ (74)
Noncurrent liability   (1,015)   (710)
Net amount recognized $ (1,106) $ (784)
Amounts Recognized in Accumulated Other Comprehensive Loss Consist of:      
Net actuarial gain $ (65) $ (120)
Prior service (credit) cost    (11)   2
Net amount recognized $ (76) $ (118)

(Dollars in millions) 2012 2011 2010
Other Postretirement Benefits:         
 Service cost $ 3 $ 3 $ 2
 Interest cost   37   39   46
 Expected return on plan assets   -   (1)   (1)
 Amortization of prior service credit   (4)   (2)   (2)
 Recognized actuarial net gain   (6)   (8)   (1)
 Net settlement and curtailment gain   (2)   (8)   -
           
Net periodic other postretirement benefit cost $ 28 $ 23 $ 44
           

(Dollars in millions)   
 Current year actuarial loss $ 49
 Current year prior service credit   (16)
 Amortization of prior service credit   4
 Amortization of actuarial net gain   6
 Net settlements and curtailments    (1)
Total recognized in other comprehensive loss $ 42
Net recognized in net periodic other postretirement benefit cost and other comprehensive loss $ 70

  Benefit Obligation Net Cost
  2012 2011 2012 2011 2010
Discount rate 3.6%  4.3%  4.2%  4.9%  5.5%
Expected return on plan assets -  -  -  5.0%  5.0%

  2012 2011
Health care cost trend rate assumed for next year 8.0% 8.5%
Rate that the cost trend rate gradually declines to 5.0% 5.0%
Year that the rate reaches the rate it is assumed to remain at 2019 2019

  2012 One-Percentage-Point
(Dollars in millions) Increase Decrease
Effect on total service and interest cost $ 2 $ (2)
Effect on postretirement benefit obligation   71   (60)
Disclosure Of Share Based Compensation Arrangements By Share Based Payment Award Text Block
   Stock Options  Stock Appreciation Rights  Performance Share Units   
(shares and units in thousands) Shares  Average Price* Shares  Average Price* Units Average Price** Other Incentive Shares / Units
Outstanding at:                 
December 31, 2011  21,029 $47.63  34,038 $66.70  2,962 $67.31  1,109
 Granted  428  75.47  7,909  74.88  1,159  74.71  467
 Exercised/earned  (7,546)  40.36  (2,645)  60.70  (607)  55.82  (207)
 Cancelled  (105)  50.93  (881)  70.88  (723)  60.03  (85)
December 31, 2012  13,806 $52.45  38,421 $68.70  2,791 $74.77  1,284

  Equity Awards Vested and Expected to Vest Equity Awards That Are Exercisable
(shares in thousands, aggregate intrinsic value in millions) Awards Average Price* Aggregate Intrinsic Value Remaining Term** Awards Average Price* Aggregate Intrinsic Value Remaining Term**
Stock Options/Stock Appreciation Rights  51,737 $63.90 $ 937 5.2  35,142 $58.44 $ 828 3.7
Performance Share Units/Restricted Stock  3,645   -   299 1.2          

  2012 2011 2010
Expected volatility 30% - 35% 26% - 32% 24% - 28%
Weighted-average volatility 30% 26% 25%
Expected term (in years) 7.4 - 7.7 7.5 - 8.0 7.4 - 7.9
Expected dividends 2.3% 2.4% 2.7%
Risk-free rate 0.0% - 2.0% 0.1% - 3.5% 0.1% - 4.0%
Schedule Of Multiemployer Plans Table [Text Block]
(Dollars in millions)   Pension Protection Act Zone Status FIP/RP Status  Contributions   Expiration Date of Collective-Bargaining Agreement
Pension Fund EIN/Pension Plan Number 2012 2011 Pending/ Implemented 2012 2011 2010 Surcharge Imposed 
National Elevator Industry Pension Plan 23-2694291 Green Green No $ 63 $ 56 $ 55 No July 8, 2017
Other funds           36   38   35    
                      
          $ 99 $ 94 $ 90