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Pension Plans, Retirement Benefits and Savings Plans (table)
6 Months Ended
Jun. 30, 2012
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) [Table Text Block]

 

 

 

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