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Retirement Benefits (Tables)
6 Months Ended
Jun. 30, 2013
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)
2013

 
2012

 
2013

 
2012

Service cost
$
61

 
$
60

 
$

 
$

Interest cost
144

 
149

 
3

 
3

Expected return on plan assets
(225
)
 
(225
)
 

 

Amortization of prior service credit
(6
)
 
(5
)
 

 
(3
)
Recognized actuarial loss
80

 
68

 
1

 

Net periodic benefit cost
$
54

 
$
47

 
$
4

 
$

 
 
 
 
 
 
 
 
Combined U.S. and significant non-U.S. Plans
Pension
 
Postretirement
For the Six Months Ended June 30,
Benefits
 
Benefits
(In millions of dollars)
2013

 
2012

 
2013

 
2012

Service cost
$
125

 
$
121

 
$
2

 
$
2

Interest cost
289

 
297

 
6

 
6

Expected return on plan assets
(453
)
 
(451
)
 

 

Amortization of prior service credit
(11
)
 
(10
)
 

 
(6
)
Recognized actuarial loss
158

 
134

 
1

 

Net periodic benefit cost
$
108

 
$
91

 
$
9

 
$
2

 
 
 
 
 
 
 
 
U.S. Plans only
Pension
 
Postretirement
For the Three Months Ended June 30,
Benefits
 
Benefits
(In millions of dollars)
2013

 
2012

 
2013

 
2012

Service cost
$
25

 
$
23

 
$

 
$

Interest cost
57

 
58

 
2

 
2

Expected return on plan assets
(81
)
 
(80
)
 

 

Amortization of prior service credit
(4
)
 
(4
)
 

 
(3
)
Recognized actuarial loss (gain)
53

 
39

 

 
(1
)
Net periodic benefit cost (credit)
$
50

 
$
36

 
$
2

 
$
(2
)
U.S. Plans only
Pension
 
Postretirement
For the Six Months Ended June 30,
Benefits
 
Benefits
(In millions of dollars)
2013

 
2012

 
2013

 
2012

Service cost
$
52

 
$
47

 
$
1

 
$
1

Interest cost
114

 
115

 
4

 
4

Expected return on plan assets
(162
)
 
(161
)
 

 

Amortization of prior service credit
(8
)
 
(8
)
 

 
(6
)
Recognized actuarial loss (gain)
104

 
76

 

 
(1
)
Net periodic benefit cost (credit)
$
100

 
$
69

 
$
5

 
$
(2
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Significant non-U.S. Plans only
Pension
 
Postretirement
For the Three Months Ended June 30,
Benefits
 
Benefits
(In millions of dollars)
2013

 
2012

 
2013

 
2012

Service cost
$
36

 
$
37

 
$

 
$

Interest cost
87

 
91

 
1

 
1

Expected return on plan assets
(144
)
 
(145
)
 

 

Amortization of prior service credit
(2
)
 
(1
)
 

 

Recognized actuarial loss
27

 
29

 
1

 
1

Net periodic benefit cost
$
4

 
$
11

 
$
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
June 30,
2013

 
2012

 
2013

 
2012

Weighted average assumptions:
 
 
 
 
 
 
 
Expected return on plan assets
7.66
%
 
8.04
%
 
%
 
%
Discount rate
4.38
%
 
4.91
%
 
4.32
%
 
5.05
%
Rate of compensation increase
2.43
%
 
3.09
%
 
%
 
%