Pension Plans, Retirement Benefits and Savings Plans

6 Months Ended

Jun. 30, 2012

Pension Plans, Retirement Benefits and Savings Plans disclosure

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

11.PENSION PLANS, RETIREMENT BENEFITS AND SAVINGS PLANS

The following tables summarize 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)	2012			2011			2012			2011
Net Periodic Benefit Cost:
Service cost	$	29		$	24		$	—		$	—
Interest cost on benefit obligation	34			34			3			4
Expected return on plan assets	(47		)	(45		)	(1		)	(1		)
Amortization of unrecognized:
Prior service benefit	—			—			—			—
Net actuarial loss	23			19			—			—
Net benefit expense	$	39		$	32		$	2		$	3

	Pension Plans						Postretirement Benefit Plans
(for the six months ended June 30, in millions)	2012			2011			2012			2011
Net Periodic Benefit Cost:
Service cost	$	57		$	49		$	—		$	—
Interest cost on benefit obligation	69			68			6			7
Expected return on plan assets	(94		)	(91		)	(1		)	(1		)
Amortization of unrecognized:
Prior service benefit	—			—			—			—
Net actuarial loss	45			38			—			—
Net benefit expense	$	77		$	64		$	5		$	6