Pension Plans, Retirement Benefits and Savings Plans

9 Months Ended

Sep. 30, 2014

Pension Plans, Retirement Benefits and Savings Plans disclosure

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

10. 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.

(for the three months ended September 30, in	Pension Plans						Postretirement Benefit Plans
millions)	2014			2013			2014			2013
Net Periodic Benefit Cost:
Service cost	$	27		$	30		$	—		$	—
Interest cost on benefit obligation	38			33			3			3
Expected return on plan assets	(55		)	(52		)	—			—
Amortization of unrecognized:
Prior service benefit	—			—			(1		)	(1		)
Net actuarial (gain) loss	17			27			(1		)	—
Net periodic benefit cost	$	27		$	38		$	1		$	2

(for the nine months ended September 30, in	Pension Plans						Postretirement Benefit Plans
millions)	2014			2013			2014			2013
Net Periodic Benefit Cost:
Service cost	$	82		$	89		$	—		$	—
Interest cost on benefit obligation	113			99			8			7
Expected return on plan assets	(164		)	(156		)	—			—
Amortization of unrecognized:
Prior service benefit	—			—			(2		)	(2		)
Net actuarial (gain) loss	49			80			(2		)	—
Net periodic benefit cost	$	80		$	112		$	4		$	5