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

Note 15. PENSION AND POSTRETIREMENT BENEFIT PLANS

 

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

 Three Months Ended September 30, Nine Months Ended September 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 $ 1 $ 2 $ 24 $ 32 $ 5 $ 6
Interest cost on projected benefit obligation  79   83   5   7   237   253   16   20
Expected return on plan assets  (125)   (116)   (6)   (7)   (377)   (349)   (19)   (20)
Amortization of prior service cost/(benefit)  (1)   -   -   (1)   (2)   -   (1)   (2)
Amortization of net actuarial loss  32   28   2   2   97   85   8   5
Curtailments  -   -   -   -   -   (1)   -   -
Settlements  3   2   -   -   3   -   -   -
Total net periodic benefit cost$ (5) $ 8 $ 2 $ 3 $ (18) $ 20 $ 9 $ 9

Contributions to the U.S. pension plans are expected to be approximately $340 million during 2012, of which $323 million was contributed in the nine months ended September 30, 2012. Contributions to the international plans are expected to range from $65 million to $80 million in 2012, of which $49 million was contributed in the nine months ended September 30, 2012.

 

The expense attributed to defined contribution plans in the U.S. was $47 million for both the three months ended September 30, 2012 and 2011, and $143 million and $133 million for the nine months ended September 30, 2012 and 2011, respectively.