PENSION AND OTHER POSTRETIREMENT BENEFITS

6 Months Ended

Apr. 30, 2011

PENSION AND OTHER POSTRETIREMENT BENEFITS

PENSION AND OTHER POSTRETIREMENT BENEFITS

(7)	The Company has several defined benefit pension plans covering its U.S. employees and employees in certain foreign countries.  The Company also has several defined benefit postretirement health care and life insurance plans for retired employees in the U.S. and Canada.
	The worldwide components of net periodic pension cost consisted of the following in millions of dollars:
		Three Months Ended April 30						Six Months Ended April 30
		2011			2010			2011			2010
	Service cost	$	50		$	43		$	99		$	87
	Interest cost	124			125			248			256
	Expected return on plan assets	(199		)	(191		)	(398		)	(381		)
	Amortization of actuarial loss	35			30			73			59
	Amortization of prior service cost	11			11			21			21
	Settlements/curtailments				2						3
	Net cost	$	21		$	20		$	43		$	45

The worldwide components of net periodic postretirement benefits cost (health care and life insurance) consisted of the following in millions of dollars:
	Three Months Ended April 30						Six Months Ended April 30
	2011			2010			2011			2010
Service cost	$	11		$	10		$	22		$	22
Interest cost	82			83			163			168
Expected return on plan assets	(29		)	(31		)	(57		)	(61		)
Amortization of actuarial loss	68			71			135			155
Amortization of prior service credit	(3		)	(3		)	(7		)	(7		)
Net cost	$	129		$	130		$	256		$	277
During the first six months of 2011, the Company contributed approximately $35 million to its pension plans and $24 million to its other postretirement benefit plans.  The Company presently anticipates contributing an additional $47 million to its pension plans and $9 million to its other postretirement benefit plans in the remainder of fiscal year 2011.  These contributions include payments from Company funds to either increase plan assets or make direct payments to plan participants.