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Retirement-Related Benefits: (Tables)
6 Months Ended
Jun. 30, 2012
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block  
Retirement-related benefits net periodic (income)/cost in the Consolidated Statement of Earnings

 

 

 

 

 

 

 

 

Yr. to Yr.

 

(Dollars in millions)

 

 

 

 

 

Percent

 

For the three months ended June 30:

 

2012

 

2011

 

Change

 

Retirement-related plans — cost

 

 

 

 

 

 

 

Defined benefit and contribution pension plans — cost

 

$

459

 

$

370

 

24.0

%

Nonpension postretirement plans — cost

 

89

 

88

 

2.1

 

Total

 

$

548

 

$

458

 

19.8

%

 

 

 

 

 

 

 

Yr. to Yr.

 

(Dollars in millions)

 

 

 

 

 

Percent

 

For the six months ended June 30:

 

2012

 

2011

 

Change

 

Retirement-related plans — cost

 

 

 

 

 

 

 

Defined benefit and contribution pension plans — cost

 

$

991

 

$

802

 

23.6

%

Nonpension postretirement plans — cost

 

174

 

173

 

0.2

 

Total

 

$

1,164

 

$

975

 

19.4

%

 

Defined Benefit Pension Plans
 
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block  
Retirement-related benefits net periodic (income)/cost in the Consolidated Statement of Earnings

 

 

(Dollars in millions)

 

U.S. Plans

 

Non-U.S. Plans

 

For the three months ended June 30:

 

2012

 

2011

 

2012

 

2011

 

Service cost

 

$

 

$

 

$

111

 

$

126

 

Interest cost

 

548

 

609

 

444

 

471

 

Expected return on plan assets

 

(1,011

)

(1,007

)

(573

)

(643

)

Amortization of prior service costs/(credits)

 

3

 

3

 

(38

)

(40

)

Recognized actuarial losses

 

330

 

198

 

256

 

242

 

Curtailments and settlements

 

 

 

0

 

1

 

Multi-employer plans/other costs

 

 

 

23

 

40

 

Total net periodic pension (income)/cost of defined benefit plans

 

(131

)

(197

)

222

 

195

 

Cost of defined contribution plans

 

212

 

216

 

156

 

156

 

Total defined benefit and contribution plans cost recognized in the Consolidated Statement of Earnings

 

$

81

 

$

19

 

$

378

 

$

351

 

 

(Dollars in millions)

 

U.S. Plans

 

Non-U.S. Plans

 

For the six months ended June 30:

 

2012

 

2011

 

2012

 

2011

 

Service cost

 

$

 

$

 

$

224

 

$

256

 

Interest cost

 

1,098

 

1,228

 

894

 

925

 

Expected return on plan assets

 

(2,022

)

(2,022

)

(1,153

)

(1,263

)

Amortization of prior service cost/(credits)

 

5

 

5

 

(77

)

(80

)

Recognized actuarial losses

 

665

 

409

 

515

 

487

 

Curtailments and settlements

 

 

 

1

 

1

 

Multi-employer plan/other costs

 

 

 

46

 

74

 

Total net periodic pension (income)/cost of defined benefit plans

 

(254

)

(379

)

449

 

399

 

Cost of defined contribution plans

 

477

 

481

 

319

 

302

 

Total defined benefit and contribution plans cost recognized in the Consolidated Statement of Earnings

 

$

223

 

$

101

 

$

768

 

$

700

 

 

Nonpension Postretirement Plans
 
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block  
Retirement-related benefits net periodic (income)/cost in the Consolidated Statement of Earnings

 

 

(Dollars in millions)

 

U.S. Plan

 

Non-U.S. Plans

 

For the three months ended June 30:

 

2012

 

2011

 

2012

 

2011

 

Service cost

 

$

9

 

$

9

 

$

2

 

$

3

 

Interest cost

 

51

 

59

 

16

 

17

 

Expected return on plan assets

 

 

 

(2

)

(3

)

Amortization of prior service costs/(credits)

 

 

 

(1

)

(1

)

Recognized actuarial losses

 

10

 

 

4

 

4

 

Total nonpension postretirement plan cost recognized in Consolidated Statement of Earnings

 

$

70

 

$

68

 

$

19

 

$

20

 

 

(Dollars in millions)

 

U.S. Plan

 

Non-U.S. Plans

 

For the six months ended June 30:

 

2012

 

2011

 

2012

 

2011

 

Service cost

 

$

18

 

$

17

 

$

5

 

$

5

 

Interest cost

 

100

 

118

 

33

 

34

 

Expected return on plan assets

 

 

 

(5

)

(5

)

Amortization of prior service credits

 

 

 

(2

)

(2

)

Recognized actuarial losses

 

16

 

 

9

 

7

 

Total nonpension postretirement plan cost recognized in Consolidated Statement of Earnings

 

$

134

 

$

134

 

$

39

 

$

39