XML 44 R61.htm IDEA: XBRL DOCUMENT v2.4.0.6
Reconciliation Of Benefit Obligations, Plan Assets, And Unfunded Status (Detail) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Defined Benefit Plan Disclosure [Line Items]      
Fair value of plan assets at end of year $ 32,888 $ 29,041  
Qualified Defined Benefit Pension Plans
     
Defined Benefit Plan Disclosure [Line Items]      
Benefit obligations at beginning of year 40,616 35,773  
Service cost 1,055 [1] 974 [1] 903 [1]
Interest cost 1,884 [1] 1,918 [1] 1,876 [1]
Benefits paid (2,094) [2] (1,685) [2]  
Actuarial losses (gains) 4,442 3,632  
Plan amendments 114 4  
Benefit obligations at end of year 46,017 40,616 35,773
Fair value of plan assets at beginning of year 27,292 25,345  
Actual return on plan assets 2,089 1,347  
Company contributions 3,637 2,285  
Fair value of plan assets at end of year 30,924 27,292 25,345
Unfunded status of the plans (15,093) (13,324)  
Retiree Medical And Life Insurance Plans
     
Defined Benefit Plan Disclosure [Line Items]      
Benefit obligations at beginning of year 3,023 3,046  
Service cost 28 32 36
Interest cost 131 162 166
Benefits paid (364) [2] (363) [2]  
Actuarial losses (gains) 169 (28)  
Plan amendments (6) 11  
Medicare Part D subsidy 48 2  
Participants' contributions 155 161  
Benefit obligations at end of year 3,184 3,023 3,046
Fair value of plan assets at beginning of year 1,749 1,833  
Actual return on plan assets 141 116  
Company contributions 235    
Fair value of plan assets at end of year 1,964 1,749 1,833
Unfunded status of the plans $ (1,220) $ (1,274)  
[1] Total net periodic benefit cost associated with our qualified defined benefit plans represents pension expense calculated in accordance with GAAP (FAS expense). We are required to calculate pension expense in accordance with both GAAP and CAS rules, each of which results in a different calculated amount of pension expense. The CAS expense is recovered through the pricing of our products and services on U.S. Government contracts and, therefore, is recognized in net sales and cost of sales for products and services. We include the difference between FAS expense and CAS expense, referred to as the non-cash FAS/CAS pension adjustment ($(830) million in 2012, $(922) million in 2011, and $(454) million in 2010), as a component of other unallocated costs on our Statements of Earnings. The non-cash FAS/CAS pension adjustment effectively adjusts the amount of CAS pension expense in the business segment operating profit so that pension expense recorded on our Statements of Earnings is equal to FAS expense.
[2] Benefits paid in 2012 for qualified defined benefit pension plans include $310 million in the form of lump-sum settlement payments to former employees who had not commenced receiving their vested benefit payments. The corresponding benefit obligation that was released was $375 million. The settlement payments had no impact on our 2012 FAS pension expense and CAS pension cost.