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Retirement Benefits (Tables)
9 Months Ended
Sep. 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 September 30,
Benefits
 
Benefits
(In millions of dollars)
2012

 
2011

 
2012

 
2011

Service cost
$
59

 
$
55

 
$
1

 
$
1

Interest cost
148

 
153

 
3

 
2

Expected return on plan assets
(225
)
 
(223
)
 

 

Amortization of prior service credit
(4
)
 
(5
)
 
(3
)
 
(3
)
Recognized actuarial loss
67

 
54

 

 
(3
)
Net periodic benefit cost
$
45

 
$
34

 
$
1

 
$
(3
)
 
 
 
 
 
 
 
 
Combined U.S. and significant non-U.S. Plans
Pension
 
Postretirement
For the Nine Months Ended September 30,
Benefits
 
Benefits
(In millions of dollars)
2012

 
2011

 
2012

 
2011

Service cost
$
180

 
$
169

 
$
3

 
$
4

Interest cost
445

 
458

 
9

 
9

Expected return on plan assets
(676
)
 
(668
)
 

 

Amortization of prior service credit
(14
)
 
(14
)
 
(9
)
 
(10
)
Recognized actuarial loss
201

 
162

 

 
(3
)
Net periodic benefit cost
$
136

 
$
107

 
$
3

 
$

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

 
2011

 
2012

 
2011

Service cost
$
23

 
$
20

 
$
1

 
$

Interest cost
57

 
58

 
2

 
1

Expected return on plan assets
(80
)
 
(79
)
 

 

Amortization of prior service credit
(4
)
 
(4
)
 
(3
)
 
(3
)
Recognized actuarial loss (credit)
38

 
25

 

 
(3
)
Net periodic benefit cost (credit)
$
34

 
$
20

 
$

 
$
(5
)
U.S. Plans only
Pension
 
Postretirement
For the Nine Months Ended September 30,
Benefits
 
Benefits
(In millions of dollars)
2012

 
2011

 
2012

 
2011

Service cost
$
70

 
$
62

 
$
2

 
$
2

Interest cost
172

 
173

 
6

 
6

Expected return on plan assets
(241
)
 
(236
)
 

 

Amortization of prior service credit
(12
)
 
(12
)
 
(9
)
 
(10
)
Recognized actuarial loss (credit)
114

 
75

 
(1
)
 
(3
)
Net periodic benefit cost (credit)
$
103

 
$
62

 
$
(2
)
 
$
(5
)
 
 
 
 
 
 
 
 
Significant non-U.S. Plans only
Pension
 
Postretirement
For the Three Months Ended September 30,
Benefits
 
Benefits
(In millions of dollars)
2012

 
2011

 
2012

 
2011

Service cost
$
36

 
$
35

 
$

 
$
1

Interest cost
91

 
95

 
1

 
1

Expected return on plan assets
(145
)
 
(144
)
 

 

Amortization of prior service cost

 
(1
)
 

 

Recognized actuarial loss
29

 
29

 

 

Net periodic benefit cost
$
11

 
$
14

 
$
1

 
$
2

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

 
2011

 
2012

 
2011

Service cost
$
110

 
$
107

 
$
1

 
$
2

Interest cost
273

 
285

 
3

 
3

Expected return on plan assets
(435
)
 
(432
)
 

 

Amortization of prior service cost
(2
)
 
(2
)
 

 

Recognized actuarial loss
87

 
87

 
1

 

Net periodic benefit cost
$
33

 
$
45

 
$
5

 
$
5

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
September 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
%
 
%
 
%