Pension Plans, Retirement Benefits and Savings Plans

6 Months Ended

Jun. 30, 2011

Pension Plans, Retirement Benefits and Savings Plans disclosure

Pension Plans, Retirement Benefits and Savings Plans disclosure [Text Block]

9. PENSION PLANS, RETIREMENT BENEFITS AND SAVINGS PLANS

The following table summarizes the components of net periodic benefit cost for the Company’s pension and postretirement benefit plans recognized in the consolidated statement of income (loss).

	Pension Plans						Postretirement Benefit Plans
(for the three months ended June 30, in millions)	2011			2010			2011			2010
Net Periodic Benefit Cost:
Service cost	$	24		$	24		$	—		$	—
Interest cost on benefit obligation	34			32			4			3
Expected return on plan assets	(45		)	(46		)	(1		)	—
Amortization of unrecognized:
Prior service benefit	—			(1		)	—			—
Net actuarial loss	19			15			—			—
Net benefit expense	$	32		$	24		$	3		$	3

	Pension Plans						Postretirement Benefit Plans
(for the six months ended June 30, in millions)	2011			2010			2011			2010
Net Periodic Benefit Cost:
Service cost	$	49		$	48		$	—		$	—
Interest cost on benefit obligation	68			64			7			7
Expected return on plan assets	(91		)	(92		)	(1		)	—
Amortization of unrecognized:
Prior service benefit	—			(2		)	—			—
Net actuarial loss	38			30			—			—
Net benefit expense	$	64		$	48		$	6		$	7