Employee Retirement Benefits

9 Months Ended

Sep. 30, 2011

NOTE 8 – Employee Retirement Benefits

The following summarizes the components of net periodic costs for our qualified and supplemental pension plans:

(In millions)	Three months ended September 30,						Nine months ended September 30,
	2011			2010			2011			2010
Service cost	$	3		$	2		$	8		$	7
Interest cost		4			3			11			10
Expected return on plan assets		(4	)		(3	)		(12	)		(10	)
Amortization of actuarial loss and prior service cost		1			1			3			2
Net periodic benefit cost	$	4		$	3		$	10		$	9

See our 2010 Annual Report on Form 10-K, Item 8, Note 13, Employee Retirement Benefits, Page 121 for information on our retirement benefits. We made matching contributions of $2 million to our 401(k) savings plan during the third quarter of 2011 and 2010 and contributions of $6 million for the first nine months of 2011 and 2010.

We contributed $35 million to our qualified pension plan during the first quarter of 2011. We do not anticipate further contributions to our qualified pension plan during the remainder of 2011.

- Definition

The entire disclosure for pension and other postretirement benefits.

+ References

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+ Details