Pension and Postretirement Benefit Plans

3 Months Ended

Mar. 31, 2012

Pension and Postretirement Benefit Plans

Note 7. Pension and Postretirement Benefit Plans

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

Components of net periodic benefit costs —

	Pension
	2012					2011						OPEB - Non-U.S.
Three Months Ended March 31,	U.S.			Non-U.S.		U.S.			Non-U.S.			2012		2011
Interest cost	$	21		$	3	$	24		$	4		$	1	$	2
Expected return on plan assets		(27	)				(26	)		(1	)
Service cost					1					1
Amortization of net actuarial loss		3					5
Settlement loss										1
Net periodic benefit cost	$	(3	)	$	4	$	3		$	5		$	1	$	2

In January 2012, we made a voluntary contribution of $150 to the U.S. pension plans which we presently expect to be incremental to the minimum required contribution.

In 2012, in accordance with our policy, we changed the amortization period related to deferred losses accumulated in other comprehensive income, following the corridor approach, from the average remaining service period of active participants to the average remaining life expectancy of inactive participants for one of our U.S. plans as a result of almost all of the plan’s participants being inactive.