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Pension Plans, Retirement Benefits and Savings Plans (table)
6 Months Ended
Jun. 30, 2011
Pension Plans, Retirement Benefits and Savings Plans disclosure  
Summary of the components of net periodic benefit cost for the Company's pension and postretirement benefit plans recognized in the consolidated statement of income (loss) [Text Block]

 

 

 

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