XML 75 R34.htm IDEA: XBRL DOCUMENT v2.4.0.6
Retirement Benefits (Tables)
6 Months Ended
Jun. 30, 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 June 30,
Benefits
 
Benefits
(In millions of dollars)
2012

 
2011

 
2012

 
2011

Service cost
$
60

 
$
58

 
$

 
$
1

Interest cost
149

 
153

 
3

 
4

Expected return on plan assets
(225
)
 
(224
)
 

 

Amortization of prior service credit
(5
)
 
(4
)
 
(3
)
 
(4
)
Recognized actuarial loss
68

 
53

 

 

Net periodic benefit cost
$
47

 
$
36

 
$

 
$
1

 
 
 
 
 
 
 
 
Combined U.S. and significant non-U.S. Plans
Pension
 
Postretirement
For the Six Months Ended June 30,
Benefits
 
Benefits
(In millions of dollars)
2012

 
2011

 
2012

 
2011

Service cost
$
121

 
$
114

 
$
2

 
$
3

Interest cost
297

 
305

 
6

 
7

Expected return on plan assets
(451
)
 
(445
)
 

 

Amortization of prior service credit
(10
)
 
(9
)
 
(6
)
 
(7
)
Recognized actuarial loss
134

 
108

 

 

Net periodic benefit cost
$
91

 
$
73

 
$
2

 
$
3

 
 
 
 
 
 
 
 
U.S. Plans only
Pension
 
Postretirement
For the Three Months Ended June 30,
Benefits
 
Benefits
(In millions of dollars)
2012

 
2011

 
2012

 
2011

Service cost
$
23

 
$
21

 
$

 
$
1

Interest cost
58

 
57

 
2

 
3

Expected return on plan assets
(80
)
 
(78
)
 

 

Amortization of prior service credit
(4
)
 
(4
)
 
(3
)
 
(4
)
Recognized actuarial loss (credit)
39

 
24

 
(1
)
 

Net periodic benefit cost (credit)
$
36

 
$
20

 
$
(2
)
 
$

U.S. Plans only
Pension
 
Postretirement
For the Six Months Ended June 30,
Benefits
 
Benefits
(In millions of dollars)
2012

 
2011

 
2012

 
2011

Service cost
$
47

 
$
42

 
$
1

 
$
2

Interest cost
115

 
115

 
4

 
5

Expected return on plan assets
(161
)
 
(157
)
 

 

Amortization of prior service credit
(8
)
 
(8
)
 
(6
)
 
(7
)
Recognized actuarial loss (credit)
76

 
50

 
(1
)
 

Net periodic benefit cost (credit)
$
69

 
$
42

 
$
(2
)
 
$

 
 
 
 
 
 
 
 
Significant non-U.S. Plans only
Pension
 
Postretirement
For the Three Months Ended June 30,
Benefits
 
Benefits
(In millions of dollars)
2012

 
2011

 
2012

 
2011

Service cost
$
37

 
$
37

 
$

 
$

Interest cost
91

 
96

 
1

 
1

Expected return on plan assets
(145
)
 
(146
)
 

 

Amortization of prior service cost
(1
)
 

 

 

Recognized actuarial loss
29

 
29

 
1

 

Net periodic benefit cost
$
11

 
$
16

 
$
2

 
$
1

Significant non-U.S. Plans only
Pension
 
Postretirement
For the Six Months Ended June 30,
Benefits
 
Benefits
(In millions of dollars)
2012

 
2011

 
2012

 
2011

Service cost
$
74

 
$
72

 
$
1

 
$
1

Interest cost
182

 
190

 
2

 
2

Expected return on plan assets
(290
)
 
(288
)
 

 

Amortization of prior service cost
(2
)
 
(1
)
 

 

Recognized actuarial loss
58

 
58

 
1

 

Net periodic benefit cost
$
22

 
$
31

 
$
4

 
$
3

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
June 30
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
%
 
%
 
%