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Pension Plans, Retirement Benefits and Savings Plans (table)
6 Months Ended
Jun. 30, 2014
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]

 

 

 

 

Pension Plans

 

Postretirement Benefit Plans

 

(for the three months ended June 30, in millions)

 

2014

 

2013

 

2014

 

2013

 

 

 

 

 

 

 

 

 

 

 

Net Periodic Benefit Cost:

 

 

 

 

 

 

 

 

 

Service cost

 

$

 28

 

$

30

 

$

 

$

 

Interest cost on benefit obligation

 

37

 

33

 

3

 

2

 

Expected return on plan assets

 

(55

)

(52

)

 

 

Amortization of unrecognized:

 

 

 

 

 

 

 

 

 

Prior service benefit

 

 

 

 

(1

)

Net actuarial (gain) loss

 

16

 

26

 

(1

)

 

Net periodic benefit cost

 

$

 26

 

$

37

 

$

2

 

$

1

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension Plans

 

Postretirement Benefit Plans

 

(for the six months ended June 30, in millions)

 

2014

 

2013

 

2014

 

2013

 

 

 

 

 

 

 

 

 

 

 

Net Periodic Benefit Cost:

 

 

 

 

 

 

 

 

 

Service cost

 

$

55

 

$

59

 

$

 

$

 

Interest cost on benefit obligation

 

75

 

66

 

5

 

4

 

Expected return on plan assets

 

(109

)

(104

)

 

 

Amortization of unrecognized:

 

 

 

 

 

 

 

 

 

Prior service benefit

 

 

 

(1

)

(1

)

Net actuarial (gain) loss

 

32

 

53

 

(1

)

 

Net periodic benefit cost

 

$

53

 

$

74

 

$

3

 

$

3