Pension Plans, Retirement Benefits and Savings Plans

9 Months Ended

Sep. 30, 2015

Pension Plans, Retirement Benefits and Savings Plans disclosure

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

11. 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)	2015			2014			2015			2014
Net Periodic Benefit Cost:
Service cost	$	33		$	27		$	—		$	—
Interest cost on benefit obligation	36			38			3			3
Expected return on plan assets	(58		)	(55		)	—			—
Amortization of unrecognized:
Prior service benefit	—			—			(1		)	(1		)
Net actuarial (gain) loss	24			17			—			(1		)
Net periodic benefit cost	$	35		$	27		$	2		$	1

(for the nine months ended September 30, in	Pension Plans						Postretirement Benefit Plans
millions)	2015			2014			2015			2014
Net Periodic Benefit Cost:
Service cost	$	98		$	82		$	—		$	—
Interest cost on benefit obligation	108			113			8			8
Expected return on plan assets	(173		)	(164		)	—			—
Amortization of unrecognized:
Prior service benefit	—			—			(2		)	(2		)
Net actuarial (gain) loss	72			49			—			(2		)
Net periodic benefit cost	$	105		$	80		$	6		$	4