Employee Pension and Other Postretirement Benefits

6 Months Ended

Jun. 30, 2012

Employee Pension and Other Postretirement Benefits [Abstract]

Employee Pension and Other Postretirement Benefits

Note 5—Employee Pension and Other Postretirement Benefits

The following tables summarize the components of net periodic benefit cost for the three and six months ended June 30, 2012 and 2011:

	Pension Benefits						Other Benefits						Superannuation, SERP(1)  and ESBP(2)
	For the Three Months Ended June 30,						For the Three Months Ended June 30,						For the Three Months Ended June 30,
(Dollars in millions)	2012			2011			2012			2011			2012		2011
Components of net periodic benefit cost:
Service cost	$	21		$	15		$	3		$	3		$	—	$	1
Interest cost		24			25			3			3			1		1
Expected return on plan assets		(36	)		(36	)		(3	)		(3	)		—		—
Recognized net actuarial loss		21			12			2			1			—		—
Total net periodic benefit cost	$	30		$	16		$	5		$	4		$	1	$	2

	Pension Benefits						Other Benefits						Superannuation, SERP(1)  and ESBP(2)
	For the Six Months Ended June 30,						For the Six Months Ended June 30,						For the Six Months Ended June 30,
(Dollars in millions)	2012			2011			2012			2011			2012		2011
Components of net periodic benefit cost:
Service cost	$	39		$	29		$	6		$	6		$	—	$	1
Interest cost		50			49			6			6			2		2
Expected return on plan assets		(73	)		(73	)		(6	)		(6	)		—		—
Recognized net actuarial loss		44			22			4			3			1		—
Total net periodic benefit cost	$	60		$	27		$	10		$	9		$	3	$	3

⁽¹⁾ Supplemental Executives Retirement Plan (SERP).

⁽²⁾ Executive Supplemental Benefit Plans (ESBP).