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PENSION AND POSTRETIREMENT BENEFIT PLANS
6 Months Ended
Jun. 30, 2012
Compensation And Retirement Disclosure [Abstract]  
Pension and Other Postretirement Benefits [Text Block]

Note 14. PENSION AND POSTRETIREMENT BENEFIT PLANS

 

The net periodic benefit cost of defined benefit pension and postretirement benefit plans includes:

 Three Months Ended June 30, Six Months Ended June 30,
 Pension Benefits Other Benefits Pension Benefits Other Benefits
Dollars in Millions2012 2011 2012 2011 2012 2011 2012 2011
Service cost — benefits earned during the year$ 7 $ 11 $ 2 $ 2 $ 17 $ 21 $ 4 $ 4
Interest cost on projected benefit obligation  79   86   5   6   158   170   11   13
Expected return on plan assets  (126)   (118)   (6)   (6)   (252)   (233)   (13)   (13)
Amortization of prior service cost/(benefit)  (1)   -   -   -   (1)   -   (1)   (1)
Amortization of net actuarial loss  32   29   2   1   65   57   6   3
Curtailments  -   -   -   -   -   (1)   -   -
Settlements  -   -   -   -   -   (2)   -   -
Total net periodic benefit cost$ (9) $ 8 $ 3 $ 3 $ (13) $ 12 $ 7 $ 6

Contributions to the U.S. pension plans are expected to be approximately $340 million during 2012, of which $319 million was contributed in the six months ended June 30, 2012. Contributions to the international plans are expected to range from $75 million to $90 million in 2012, of which $40 million was contributed in the six months ended June 30, 2012.

 

The expense attributed to defined contribution plans in the U.S. was $48 million and $47 million for the three months ended June 30, 2012 and 2011, respectively and $96 million and $86 million for the six months ended June 30, 2012 and 2011, respectively.