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Pension Plans, Retirement Benefits and Savings Plans (table)
6 Months Ended
Jun. 30, 2016
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)

 

2016

 

2015

 

2016

 

2015

 

 

 

 

 

 

 

 

 

 

 

Net Periodic Benefit Cost:

 

 

 

 

 

 

 

 

 

Service cost

 

$

30

 

$

32

 

$

 

$

 

Interest cost on benefit obligation

 

31

 

36

 

2

 

2

 

Expected return on plan assets

 

(58

)

(57

)

 

 

Settlement

 

1

 

 

 

 

Amortization of unrecognized:

 

 

 

 

 

 

 

 

 

Prior service benefit

 

 

 

(1

)

 

Net actuarial loss

 

16

 

24

 

 

 

Net periodic benefit cost

 

$

20

 

$

35

 

$

1

 

$

2

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension Plans

 

Postretirement Benefit Plans

 

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

 

2016

 

2015

 

2016

 

2015

 

 

 

 

 

 

 

 

 

 

 

Net Periodic Benefit Cost:

 

 

 

 

 

 

 

 

 

Service cost

 

$

59

 

$

65

 

$

 

$

 

Interest cost on benefit obligation

 

61

 

72

 

4

 

5

 

Expected return on plan assets

 

(115

)

(115

)

 

 

Settlement

 

1

 

 

 

 

Amortization of unrecognized:

 

 

 

 

 

 

 

 

 

Prior service benefit

 

 

 

(2

)

(1

)

Net actuarial loss

 

33

 

48

 

 

 

Net periodic benefit cost

 

$

39

 

$

70

 

$

2

 

$

4