Benefit Plans (Tables)

9 Months Ended

Sep. 30, 2013

Pension Plans

Components of Net Costs

Net periodic pension cost for the three and nine months ended September 30, 2013 and 2012 consisted of:

	U.S. Plans						Non-U.S. Plans
	For the Three Months Ended						For the Three Months Ended
	September 30,						September 30,
	2013			2012			2013			2012
	(in millions)
Service cost	$	17		$	42		$	44		$	41
Interest cost		15			85			88			108
Expected return on plan assets		(16	)		(113	)		(108	)		(126	)
Amortization:
Net loss from experience differences		14			83			34			31
Prior service cost		1			1			—			1
Settlement (gains) / losses(1)		(3	)		53			1			—
Net pension costs related to discontinued operations		—			(97	)		—			(11	)
Net periodic pension cost	$	28		$	54		$	59		$	44

	U.S. Plans						Non-U.S. Plans
	For the Nine Months Ended						For the Nine Months Ended
	September 30,						September 30,
	2013			2012			2013			2012
	(in millions)
Service cost	$	53		$	123		$	130		$	131
Interest cost		45			261			265			327
Expected return on plan assets		(50	)		(341	)		(323	)		(383	)
Amortization:
Net loss from experience differences		41			237			102			99
Prior service cost		2			5			1			2
Settlement losses(1)		2			113			1			—
Net pension costs related to discontinued operations		—			(263	)		—			(29	)
Net periodic pension cost	$	93		$	135		$	176		$	147

(1) Includes settlement losses of $3 million in the three and $12 million in the nine months ended September 30, 2013 and $19 million in the three and $38 million in the nine months ended September 30, 2012 related to employees who elected to take lump-sum payments in connection with our 2012-2014 Restructuring Program. These costs are reflected within asset impairments and exit costs on the condensed consolidated statement of earnings and within the charges for severance and related costs in Note 6, 2012-2014 Restructuring Program. In the nine months ended September 30, 2013, these were partially offset by $21 million of gains due to improvements in current market rates for routine settlement losses. 

Postretirement Benefit Plans

Components of Net Costs

Net postretirement health care costs during the three and nine months ended September 30, 2013 and 2012 consisted of:

	For the Three Months Ended						For the Nine Months Ended
	September 30,						September 30,
	2013			2012			2013			2012
	(in millions)
Service cost	$	4		$	11		$	12		$	30
Interest cost		5			38			14			117
Amortization:
Net loss from experience differences		2			22			8			62
Prior service credit		(3	)		(10	)		(9	)		(28	)
Other(1)		—			23			—			23
Net postretirement health care costs related to discontinued operation		—			(49	)		—			(135	)
Net postretirement health care costs	$	8		$	35		$	25		$	69

(1) In August 2012, we recorded a $23 million unfunded U.S. postretirement plan obligation related to long-term disability benefits.

Postemployment Benefit Plans

Components of Net Costs

Net postemployment costs during the three and nine months ended September 30, 2013 and 2012 consisted of:

	For the Three Months Ended					For the Nine Months Ended
	September 30,					September 30,
	2013		2012			2013		2012
	(in millions)
Service cost	$	2	$	3		$	6	$	10
Interest cost		1		2			4		6
Other		—		(3	)		—		(3	)
Net postemployment costs related to discontinued operation		—		(1	)		—		(5	)
Net postemployment costs	$	3	$	1		$	10	$	8