Postretirement Benefits

9 Months Ended

Mar. 31, 2013

Compensation and Retirement Disclosure [Abstract]

Postretirement Benefits

6. Postretirement Benefits

The Company offers various postretirement benefits to its employees.

The components of net periodic benefit cost for defined benefit plans are as follows:

	Pension Benefits						Other Retiree Benefits
	Three Months Ended March 31						Three Months Ended March 31
Amounts in millions	2013			2012			2013			2012
Service cost	$	76		$	62		$	48		$	35
Interest cost	140			149			65			69
Expected return on plan assets	(146		)	(140		)	(95		)	(109		)
Amortization of deferred amounts	4			6			(5		)	(5		)
Recognized net actuarial loss	55			25			49			25
Settlement loss	2			—			—			—
Gross benefit cost	131			102			62			15
Dividends on ESOP preferred stock	—			—			(17		)	(19		)
Net periodic benefit cost (credit)	$	131		$	102		$	45		$	(4	)

	Pension Benefits						Other Retiree Benefits
	Nine Months Ended March 31						Nine Months Ended March 31
Amounts in millions	2013			2012			2013			2012
Service cost	$	226		$	192		$	143		$	106
Interest cost	421			458			195			207
Expected return on plan assets	(442		)	(428		)	(286		)	(325		)
Amortization of deferred amounts	13			17			(15		)	(15		)
Recognized net actuarial loss	161			77			149			74
Curtailment loss	2			—			—			—
Settlement loss	2			—			—			—
Gross benefit cost	383			316			186			47
Dividends on ESOP preferred stock	—			—			(52		)	(56		)
Net periodic benefit cost (credit)	$	383		$	316		$	134		$	(9	)

For the year ending June 30, 2013, the expected return on plan assets is 7.4% and 8.3% for pensions and other retiree benefit plans, respectively. The return for pension plans is the same as prior year and the return for other retiree benefit plans was reduced from 9.2% in the prior year.