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Pension Plans, Retirement Benefits and Savings Plans (table)
9 Months Ended
Sep. 30, 2013
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 [Table Text Block]

 

 

(for the three months ended September 30, in

 

Pension Plans

 

Postretirement Benefit Plans

 

millions)

 

2013

 

2012

 

2013

 

2012

 

 

 

 

 

 

 

 

 

 

 

Net Periodic Benefit Cost:

 

 

 

 

 

 

 

 

 

Service cost

 

$

30

 

$

28

 

$

 

$

 

Interest cost on benefit obligation

 

33

 

34

 

3

 

3

 

Expected return on plan assets

 

(52

)

(46

)

 

 

Amortization of unrecognized:

 

 

 

 

 

 

 

 

 

Prior service benefit

 

 

 

(1

)

 

Net actuarial loss

 

27

 

22

 

 

 

 

 

 

 

 

 

 

 

 

 

Net benefit expense

 

$

38

 

$

38

 

$

2

 

$

3

 

 

(for the nine months ended September 30, in

 

Pension Plans

 

Postretirement Benefit Plans

 

millions)

 

2013

 

2012

 

2013

 

2012

 

 

 

 

 

 

 

 

 

 

 

Net Periodic Benefit Cost:

 

 

 

 

 

 

 

 

 

Service cost

 

$

89

 

$

85

 

$

 

$

 

Interest cost on benefit obligation

 

99

 

103

 

7

 

9

 

Expected return on plan assets

 

(156

)

(140

)

 

(1

)

Amortization of unrecognized:

 

 

 

 

 

 

 

 

 

Prior service benefit

 

 

 

(2

)

 

Net actuarial loss

 

80

 

67

 

 

 

 

 

 

 

 

 

 

 

 

 

Net benefit expense

 

$

112

 

$

115

 

$

5

 

$

8