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Pension and Other Postretirement Benefits
6 Months Ended
Jun. 30, 2013
Pension And Other Postretirement Benefits Disclosure [Abstract]  
Pension and Other Postretirement Benefits

8) PENSION AND OTHER POSTRETIREMENT BENEFITS

 

The components of net periodic cost for the Company's pension and postretirement benefit plans were as follows:

 

   Pension Benefits Postretirement Benefits
 Three Months Ended June 30, 2013   2012   2013   2012 
 Components of net periodic cost:               
  Service cost$10  $9  $  $ 
  Interest cost 53   61   6   8 
  Expected return on plan assets (68)   (62)       
  Amortization of actuarial losses (gains) (a) 22   18   (4)   (4) 
 Net periodic cost$17  $26  $2  $4 
                  
                  
   Pension Benefits Postretirement Benefits
 Six Months Ended June 30, 2013   2012   2013   2012 
 Components of net periodic cost:               
  Service cost$20  $18  $  $ 
  Interest cost 106   122   12   16 
  Expected return on plan assets (136)   (124)       
  Amortization of actuarial losses (gains) (a) 44   36   (8)   (8) 
 Net periodic cost$34  $52  $4  $8 

 

  • Reflects amounts reclassified from accumulated other comprehensive income (loss) to net earnings.

During the six months ended June 30, 2013, the Company made discretionary contributions of $150 million to pre-fund its qualified pension plans.