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Retirement Benefits (Tables)
3 Months Ended
Mar. 31, 2012
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]  
Schedule Of Net Benefit Costs
The components of the net periodic benefit cost for defined benefit and other post-retirement plans are as follows:
 
Combined U.S. and significant non-U.S. Plans
Pension
 
Postretirement
For the Three Months Ended March 31,
Benefits
 
Benefits
(In millions of dollars)
2012

 
2011

 
2012

 
2011

Service cost
$
61

 
$
56

 
$
2

 
$
2

Interest cost
148

 
152

 
3

 
3

Expected return on plan assets
(226
)
 
(221
)
 

 

Amortization of prior service credit
(5
)
 
(5
)
 
(3
)
 
(3
)
Recognized actuarial loss
66

 
55

 

 

Net periodic benefit cost
$
44

 
$
37

 
$
2

 
$
2


U.S. Plans only
Pension
 
Postretirement
For the Three Months Ended March 31,
Benefits
 
Benefits
(In millions of dollars)
2012

 
2011

 
2012

 
2011

Service cost
$
24

 
$
21

 
$
1

 
$
1

Interest cost
57

 
58

 
2

 
2

Expected return on plan assets
(81
)
 
(79
)
 

 

Amortization of prior service credit
(4
)
 
(4
)
 
(3
)
 
(3
)
Recognized actuarial loss
37

 
26

 

 

Net periodic benefit cost
$
33

 
$
22

 
$

 
$

 
 
 
 
 
 
 
 
Significant non-U.S. Plans only
Pension
 
Postretirement
For the Three Months Ended March 31,
Benefits
 
Benefits
(In millions of dollars)
2012

 
2011

 
2012

 
2011

Service cost
$
37

 
$
35

 
$
1

 
$
1

Interest cost
91

 
94

 
1

 
1

Expected return on plan assets
(145
)
 
(142
)
 

 

Amortization of prior service cost
(1
)
 
(1
)
 

 

Recognized actuarial loss
29

 
29

 

 

Net periodic benefit cost
$
11

 
$
15

 
$
2

 
$
2

Schedule of Assumptions Used
The weighted average actuarial assumptions utilized to calculate the net periodic benefit costs for the U.S. and significant non-U.S. defined benefit plans are as follows:
 
Combined U.S. and significant non-U.S. Plans
Pension
Benefits
 
Postretirement
Benefits
March 31,
2012

 
2011

 
2012

 
2011

Weighted average assumptions:
 
 
 
 
 
 
 
Expected return on plan assets
8.04
%
 
8.18
%
 
%
 
%
Discount rate
4.91
%
 
5.59
%
 
5.05
%
 
5.84
%
Rate of compensation increase
3.09
%
 
4.09
%
 
%
 
%