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Employee Benefits (Tables)
3 Months Ended
Mar. 31, 2017
Compensation and Retirement Disclosure [Abstract]  
Components of Net Periodic Benefit Cost

The components of net periodic benefit cost for the Company’s retirement plans were:

 

    Three Months Ended March 31,  
    Pension Plans            Postretirement
Welfare Plan
 
(Dollars in Millions)       2017         2016                2017         2016  

Service cost

  $ 47     $ 44         $     $  

Interest cost

    55       52           1       1  

Expected return on plan assets

    (71     (66         (1      

Prior service cost (credit) amortization

    (1     (1         (1     (1

Actuarial loss (gain) amortization

    32       44               (1     (1

Net periodic benefit cost

  $ 62     $ 73             $ (2   $ (1