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Benefit Plans
3 Months Ended
Mar. 31, 2014
Benefit Plans  
Benefit Plans

13.  Benefit Plans

 

The components of net periodic cost for the Company’s pension and postretirement benefit plans for the three months ended March 31 are as follows:

 

($ in millions)

 

2014

 

2013

Pension benefits

 

 

 

 

 

 

Service cost

$

24

 

$

40

 

Interest cost

 

64

 

 

66

 

Expected return on plan assets

 

(99

)

 

(97

)

Amortization of:

 

 

 

 

 

 

Prior service credit

 

(15

)

 

--

 

Net actuarial loss

 

29

 

 

65

 

Settlement loss

 

11

 

 

10

 

Net periodic pension cost

$

14

 

$

84

 

 

 

 

 

 

 

 

Postretirement benefits

 

 

 

 

 

 

Service cost

$

3

 

$

4

 

Interest cost

 

6

 

 

8

 

Amortization of:

 

 

 

 

 

 

Prior service credit

 

(6

)

 

(6

)

Net actuarial gain

 

(6

)

 

(3

)

Net periodic postretirement (credit) cost

$

(3

)

$

3