Retirement and Other Benefit Programs

9 Months Ended

Sep. 30, 2013

9. RETIREMENT AND OTHER BENEFIT PROGRAMS

The following is a summary of net periodic benefit cost relating to the company’s pension and other postemployment benefit (OPEB) plans.


	Three months ended September 30,						Nine months ended September 30,
(in millions)	2013			2012			2013			2012
Pension benefits
Service cost		$34			$28			$101			$ 83
Interest cost		52			58			154			176
Expected return on plan assets		(63	)		(72	)		(190	)		(216	)
Amortization of net losses and other deferred amounts		61			52			184			156
Net periodic pension benefit cost		$84			$66			$249			$199


OPEB
Service cost		$ 2			$ 2			$ 7			$ 5
Interest cost		6			8			19			22
Amortization of net loss and prior service credit		3			1			7			5
Net periodic OPEB cost		$11			$11			$ 33			$ 32

- Definition

The entire disclosure for pension and other postretirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

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-Name Accounting Standards Codification

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+ Details