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Penson and Other Postretirement Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2011

		Pension				Other Postretirement
		Benefits				Benefits
(In millions)	2011		2010		2011		2010
Change in benefit obligation
Benefit obligation, January 1	$	4,691	$	4,363	$	444	$	419
Service cost		2		2		2		1
Interest cost		228		240		20		22
Loss from past experience		453		379		16		36
Benefits paid from plan assets		(273)		(258)		(2)		(2)
Benefits paid - other		(34)		(35)		(28)		(32)
Benefit obligation, December 31		5,067		4,691		452		444
Change in plan assets
Fair value of plan assets, January 1		3,163		2,850		23		24
Actual return on plan assets		156		357		1		1
Benefits paid		(273)		(258)		(2)		(2)
Contributions		252		214		-		-
Fair value of plan assets, December 31		3,298		3,163		22		23
Funded Status	$	(1,769)	$	(1,528)	$	(430)	$	(421)

	Pension				Other
	Benefits				Postretirement Benefits
(In millions)	2011		2010		2011		2010
Unrecognized net gain (loss)	$	(2,331)	$	(1,805)	$	(30)	$	(14)
Unrecognized prior service cost		(5)		(5)		35		51
Postretirement benefits liability adjustment	$	(2,336)	$	(1,810)	$	5	$	37

(In millions)	2011		2010		2009
Service cost	$	2	$	2	$	43
Interest cost		228		240		250
Expected long-term return on plan assets		(267)		(253)		(239)
Amortization of:
Net loss from past experience		38		28		34
Prior service cost		-		-		(4)
Curtailment		-		-		(46)
Net pension cost	$	1	$	17	$	38

(In millions)	2011		2010		2009
Service cost	$	2	$	1	$	1
Interest cost		20		22		24
Expected long-term return on plan assets		(1)		(1)		(1)
Amortization of:
Net gain from past experience		-		-		(5)
Prior service cost		(16)		(18)		(18)
Net other postretirement benefit cost	$	5	$	4	$	1

(In millions)	Increase		Decrease
Effect on total service and interest cost	$	1	$	(1)
Effect on postretirement benefit obligation	$	13	$	(11)

December 31, 2011
(In millions)	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Plan assets at fair value:
Fixed maturities:
Federal government and agency	$	-	$	5	$	-	$	5
Corporate		-		332		7		339
Mortgage and other asset-backed		-		8		2		10
Fund investments and pooled separate accounts (1)		-		546		3		549
Total fixed maturities		-		891		12		903
Equity securities:
Domestic		1,153		1		14		1,168
International, including funds and pooled separate accounts (1)		141		137		-		278
Total equity securities		1,294		138		14		1,446
Real estate and mortgage loans, including pooled separate accounts (1)		-		-		303		303
Securities partnerships		-		-		314		314
Hedge funds		-		-		148		148
Guaranteed deposit account contract		-		-		39		39
Cash equivalents		-		145		-		145
Total plan assets at fair value	$	1,294	$	1,174	$	830	$	3,298

(1) A pooled separate account has several participating benefit plans and each owns a share of the total pool of investments.

December 31, 2010
(In millions)	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Plan assets at fair value:
Fixed maturities:
Federal government and agency	$	-	$	8	$	-	$	8
Corporate		-		158		24		182
Mortgage and other asset-backed		-		4		-		4
Fund investments and pooled separate accounts (1)		-		372		2		374
Total fixed maturities		-		542		26		568
Equity securities:
Domestic		1,445		-		20		1,465
International, including funds and pooled separate accounts (1)		208		218		-		426
Total equity securities		1,653		218		20		1,891
Real estate and mortgage loans, including pooled separate accounts (1)		-		-		240		240
Securities partnerships		-		-		347		347
Guaranteed deposit account contract		-		-		24		24
Cash equivalents		-		93		-		93
Total plan assets at fair value	$	1,653	$	853	$	657	$	3,163

(1) A pooled separate account has several participating benefit plans and each owns a share of the total pool of investments.

(In millions)	Fixed Maturities & Equity Securities		Real Estate & Mortgage Loans		Securities Partnerships		Hedge Funds		Guaranteed Deposit Account Contract		Total

Balance at January 1, 2011	$	46	$	240	$	347	$	-	$	24	$	657
Actual return on plan assets:
Assets still held at the reporting date		1		44		66		(2)		3		112
Assets sold during the period		18		-		-		-		-		18
Total actual return on plan assets		19		44		66		(2)		3		130
Purchases, sales, settlements, net		(33)		21		(99)		150		12		51
Transfers into/out of Level 3		(6)		(2)		-		-		-		(8)
Balance at December 31, 2011	$	26	$	303	$	314	$	148	$	39	$	830

(In millions)	Fixed Maturities & Equity Securities		Real Estate & Mortgage Loans		Securities Partnerships		Guaranteed Deposit Account Contract		Total

Balance at January 1, 2010	$	167	$	160	$	257	$	29	$	613
Actual return on plan assets:
Assets still held at the reporting date		(15)		16		53		2		56
Assets sold during the period		14		-		-		-		14
Total actual return on plan assets		(1)		16		53		2		70
Purchases, sales, settlements, net		(119)		64		37		(7)		(25)
Transfers into/out of Level 3		(1)		-		-		-		(1)
Balance at December 31, 2010	$	46	$	240	$	347	$	24	$	657

	2011	2010
Discount rate:
Pension benefit obligation	4.00%	5.00%
Other postretirement benefit obligation	3.75%	4.75%
Pension benefit cost	5.00%	5.50%
Other postretirement benefit cost	4.75%	5.25%
Expected long-term return on plan assets:
Pension benefit cost	8.00%	8.00%
Other postretirement benefit cost	5.00%	5.00%
Expected rate of compensation increase:
Other postretirement benefit obligation	3.00%	3.00%
Other postretirement benefit cost	3.00%	3.00%