Pension Plans, Retirement Benefits and Savings Plans

6 Months Ended

Jun. 30, 2015

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.

	Pension Plans						Postretirement Benefit Plans
(for the three months ended June 30, in millions)	2015			2014			2015		2014
Net Periodic Benefit Cost:
Service cost	$	32		$	28		$	—	$	—
Interest cost on benefit obligation	36			37			2		3
Expected return on plan assets	(57		)	(55		)	—		—
Amortization of unrecognized:
Prior service benefit	—			—			—		—
Net actuarial (gain) loss	24			16			—		(1		)
Net periodic benefit cost	$	35		$	26		$	2	$	2

	Pension Plans						Postretirement Benefit Plans
(for the six months ended June 30, in millions)	2015			2014			2015			2014
Net Periodic Benefit Cost:
Service cost	$	65		$	55		$	—		$	—
Interest cost on benefit obligation	72			75			5			5
Expected return on plan assets	(115		)	(109		)	—			—
Amortization of unrecognized:
Prior service benefit	—			—			(1		)	(1		)
Net actuarial (gain) loss	48			32			—			(1		)
Net periodic benefit cost	$	70		$	53		$	4		$	3