Pension and Postretirement Benefit Plans

6 Months Ended

Jun. 30, 2011

Pension and Postretirement Benefit Plans

Note 8.  Pension and Postretirement Benefit Plans

We have a number of defined contribution and defined benefit, qualified and nonqualified, pension plans for certain employees.  Other postretirement benefits (OPEB), including medical and life insurance, are provided for certain employees upon retirement.

Components of net periodic benefit costs —

	Pension
	2011						2010						OPEB - Non-U.S.
Three Months Ended June 30,	U.S.			Non-U.S.			U.S.			Non-U.S.			2011		2010
Interest cost	$	22		$	3		$	26		$	5		$	2	$	2
Expected return on plan assets		(26	)		(1	)		(24	)		(2	)
Service cost					2						1
Amortization of net actuarial loss		5						3
Net periodic benefit cost before curtailments and settlements		1			4			5			4			2		2
Settlement loss					4						1
Net periodic benefit cost	$	1		$	8		$	5		$	5		$	2	$	2
Six Months Ended June 30,
Interest cost	$	46		$	7		$	52		$	9		$	4	$	4
Expected return on plan assets		(52	)		(2	)		(48	)		(3	)
Service cost					3						2
Amortization of net actuarial loss		10						6
Net periodic benefit cost before curtailments and settlements		4			8			10			8			4		4
Curtailment gain																(1	)
Settlement loss					5						1
Net periodic benefit cost	$	4		$	13		$	10		$	9		$	4	$	3

During the first half of 2011, we continued to settle portions of our Canadian retiree pension benefit obligations by making lump-sum payments and by purchasing non-participating annuity contracts to cover vested benefits.  As a result of these actions, we reduced the benefit obligations by $75 and also reduced the fair value of plan assets by $75.  The related settlement loss of $5 was included in restructuring charges.