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Retirement Benefits (Tables)
9 Months Ended
Sep. 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 September 30,
Benefits
 
Benefits
(In millions of dollars)
2013

 
2012

 
2013

 
2012

Service cost
$
63

 
$
59

 
$
2

 
$
1

Interest cost
144

 
148

 
2

 
3

Expected return on plan assets
(227
)
 
(225
)
 

 

Amortization of prior service credit
(5
)
 
(4
)
 

 
(3
)
Recognized actuarial loss
79

 
67

 

 

Net periodic benefit cost
$
54

 
$
45

 
$
4

 
$
1

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

 
2012

 
2013

 
2012

Service cost
$
188

 
$
180

 
$
4

 
$
3

Interest cost
433

 
445

 
8

 
9

Expected return on plan assets
(680
)
 
(676
)
 

 

Amortization of prior service credit
(16
)
 
(14
)
 

 
(9
)
Recognized actuarial loss
237

 
201

 
1

 

Net periodic benefit cost
$
162

 
$
136

 
$
13

 
$
3

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

 
2012

 
2013

 
2012

Service cost
$
26

 
$
23

 
$
1

 
$
1

Interest cost
57

 
57

 
1

 
2

Expected return on plan assets
(81
)
 
(80
)
 

 

Amortization of prior service credit
(4
)
 
(4
)
 

 
(3
)
Recognized actuarial loss
52

 
38

 

 

Net periodic benefit cost
$
50

 
$
34

 
$
2

 
$

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

 
2012

 
2013

 
2012

Service cost
$
78

 
$
70

 
$
2

 
$
2

Interest cost
171

 
172

 
5

 
6

Expected return on plan assets
(243
)
 
(241
)
 

 

Amortization of prior service credit
(12
)
 
(12
)
 

 
(9
)
Recognized actuarial loss (gain)
156

 
114

 

 
(1
)
Net periodic benefit cost (credit)
$
150

 
$
103

 
$
7

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

 
2012

 
2013

 
2012

Service cost
$
37

 
$
36

 
$
1

 
$

Interest cost
87

 
91

 
1

 
1

Expected return on plan assets
(146
)
 
(145
)
 

 

Amortization of prior service credit
(1
)
 

 

 

Recognized actuarial loss
27

 
29

 

 

Net periodic benefit cost
$
4

 
$
11

 
$
2

 
$
1


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

 
2012

 
2013

 
2012

Service cost
$
110

 
$
110

 
$
2

 
$
1

Interest cost
262

 
273

 
3

 
3

Expected return on plan assets
(437
)
 
(435
)
 

 

Amortization of prior service cost
(4
)
 
(2
)
 

 

Recognized actuarial loss
81

 
87

 
1

 
1

Net periodic benefit cost
$
12

 
$
33

 
$
6

 
$
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,
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
%
 
%
 
%