Employee Retirement Plans

9 Months Ended

Sep. 30, 2011

Employee Retirement Plans [Abstract]

Employee Retirement Plans

I.	The Company sponsors qualified defined-benefit or defined-contribution retirement plans for most of its employees. In addition to the Company’s qualified defined-benefit pension plans, the Company has unfunded non-qualified defined-benefit pension plans covering certain employees, which provide for benefits in addition to those provided by the qualified pension plans. Substantially all salaried employees participate in non-contributory defined-contribution retirement plans, to which payments are determined annually by the Organization and Compensation Committee of the Board of Directors.
	During the nine months ended September 30, 2011, the Company adjusted certain employee expense related accruals which resulted in a $5 million reduction to expenses related to the fourth quarter of 2010. The effect was not material to the previously issued financial statements.
	Effective January 1, 2010, the Company froze all future benefit accruals under substantially all of the Company’s domestic qualified and non-qualified defined-benefit pension plans. Future benefit accruals related to the Company’s foreign non-qualified plans were frozen several years ago.
	Net periodic pension cost for the Company’s defined-benefit pension plans was as follows, in millions:

	Three Months Ended September 30,
	2011					2010
	Qualified			Non-Qualified		Qualified			Non-Qualified
Service cost	$	1		$	—	$	2		$	—
Interest cost		12			2		11			3
Expected return on plan assets		(9	)		—		(9	)		—
Amortization of prior service cost		—			—		—			—
Amortization of net loss		2			1		3			—
Net periodic pension cost	$	6		$	3		7			3

	Nine Months Ended September 30,
	2011					2010
	Qualified			Non-Qualified		Qualified			Non-Qualified
Service cost	$	2		$	—	$	4		$	—
Interest cost		34			6		34			7
Expected return on plan assets		(25	)		—		(27	)		—
Amortization of prior service cost		—			—		—			—
Amortization of net loss		7			1		8			—
Net periodic pension cost	$	18		$	7	$	19		$	7

At December 31, 2010, the Company reported a net liability of $522 million, of which $163 million was related to our non-qualified, supplemental retirement plans, which are not subject to the funding requirements of the Pension Protection Act. In accordance with the Pension Protection Act of 2006, the Adjusted Funding Target Attainment Percentage (“AFTAP”) for the various defined-benefit pension plans ranges from 62 percent to 86 percent. At December 31, 2010, the Company had one plan that offered accelerated benefits (i.e., lump sum distributions) and the AFTAP for that plan is less than 80 percent; therefore, the plan is prohibited from allowing participants to receive any lump sum distribution in excess of 50 percent of the benefit value. In addition, plan amendments increasing benefits or liabilities for that plan are also prohibited.