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RETIREMENT PLANS AND OTHER POSTRETIREMENT BENEFITS (Tables)
6 Months Ended
Jun. 30, 2011
RETIREMENT PLANS AND OTHER POSTRETIREMENT BENEFITS [Abstract]  
Net Periodic Benefit Cost for Defined Benefit Plans and Postretirement Plans
Components of the net periodic benefit cost for all major funded and unfunded U.S. and Non-U.S. defined benefit plans for the three and six months ended June 30 are as follows:


   
Three Months Ended June 30,
  
Six Months Ended June 30,
 
(in millions)
 
2011
  
2010
  
2011
  
2010
 
   
U.S.
  
Non-U.S.
  
U.S.
  
Non-U.S.
  
U.S.
  
Non-U.S.
  
U.S.
  
Non-U.S.
 
Major defined benefit plans:
                        
  Service cost
 $12  $4  $12  $4  $25  $8  $24  $8 
  Interest cost
  64   46   66   43   127   91   132   88 
  Expected return on plan
  assets
  (109)  (53)  (118)  (51)  (218)  (105)  (238)  (104)
  Amortization of:
                                
     Recognized prior service
     cost
  1   1   -   -   1   2   -   - 
     Recognized net actuarial
     loss    
  17   13   1   9   34   26   2   17 
  Pension (income) expense
  before special termination
  benefits, curtailments, and
  settlements
  (15)  11   (39)  5   (31)  22   (80)  9 
  Special termination
  benefits
  6   -   6   -   17   1   6   1 
  Curtailment gain
  -   -   -   -   -   -   -   (1)
  Settlement loss
  -   -   -   1   -   -   -   1 
Net pension (income) expense
  (9)  11   (33)  6   (14)  23   (74)  10 
Other plans including unfunded plans
  -   3   -   3   -   6   -   6 
Total net pension (income) expense from continuing operations
 $(9) $14  $(33) $9  $(14) $29  $(74) $16 
                                  

 
Postretirement benefit costs for the Company's U.S., United Kingdom and Canada postretirement benefit plans, which represent the Company's major postretirement plans, includes:
 

 
   
Three Months Ended
  
Six Months Ended
 
   
June 30,
  
June 30,
 
(in millions)
 
2011
  
2010
  
2011
  
2010
 
              
Service cost
 $1  $-  $1  $- 
Interest cost
  16   18   33   36 
Amortization of:
                
   Prior service credit
  (20)  (19)  (39)  (38)
   Recognized net actuarial loss    
  8   7   16   14 
Total net postretirement benefit expense
 $5  $6  $11  $12