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Pensions and Other Benefit Programs
3 Months Ended
Sep. 30, 2011
Notes To Condensed Consolidated Financial Statements [Abstract] 
Pensions and Other Benefit Programs

15. Pensions and Other Benefit Programs

 

Defined Benefit Pension Plans

The components of net periodic benefit cost for defined benefit pension plans for the three and nine months ended September 30, 2011 and 2010 are as follows:

 Three Months Ended September 30,
 United States Foreign
 2011 2010 2011 2010
Service cost $ 4,862 $ 5,770 $ 1,836 $ 1,620
Interest cost   21,935   22,523   7,089   6,895
Expected return on plan assets   (30,765)   (30,772)   (7,945)   (7,206)
Amortization of transition credit -  -   (2)   (2)
Amortization of prior service cost (credit)  36   (644)   42   69
Recognized net actuarial loss  9,381   8,059   2,782   2,594
Settlement -   521  -  -
Special termination benefits (1)  229  -  -  -
Curtailment (1)  435  -  -  -
Net periodic benefit cost$ 6,113 $ 5,457 $ 3,802 $ 3,970
            
 Nine Months Ended September 30,
 United States Foreign
 2011 2010 2011 2010
Service cost $ 14,587 $ 17,312 $ 5,650 $ 5,114
Interest cost   65,805   67,572   21,344   20,523
Expected return on plan assets   (92,294)   (92,320)   (23,978)   (21,476)
Amortization of transition credit -  -   (6)   (6)
Amortization of prior service cost (credit)  109   (1,933)   130   208
Recognized net actuarial loss  28,142   24,177   8,307   7,595
Settlement -   3,961  -  -
Special termination benefits (1)  989  -   10  -
Curtailment (1)  2,531  -   224  -
Net periodic benefit cost$ 19,869 $ 18,769 $ 11,681 $ 11,958

(1) Amounts charged to restructuring. See Note 11 for further information.

 

Through September 30, 2011, we contributed $129 million and $18 million to our U.S. and foreign pension plans, respectively, which includes a special contribution of $123 million to our U.S. plan. We will continue to assess our funding alternatives as the year progresses.

 

Nonpension Postretirement Benefit Plans

The components of net periodic benefit cost for nonpension postretirement benefit plans for the three and nine months ended September 30, 2011 and 2010 are as follows:

 Three Months Ended September 30, Nine Months Ended September 30,
 2011 2010 2011 2010
Service cost $ 834 $ 931 $ 2,501 $ 2,793
Interest cost   3,387   3,455   10,158   10,367
Amortization of prior service credit   (626)   (628)   (1,878)   (1,883)
Amortization of net loss   1,917   1,699   5,750   5,096
Special termination benefits (1)  44  -   157  -
Curtailment (1)  416  -   1,652  -
Net periodic benefit cost$ 5,972 $ 5,457 $ 18,340 $ 16,373

(1) Amounts charged to restructuring. See Note 11 for further information.

 

Contributions for benefit payments were $9 million and $12 million for the three months ended September 30, 2011 and 2010, respectively, and $23 million and $25 million for the nine months ended September 30, 2011 and 2010, respectively.