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Employee Pension and Other Postretirement Benefits (Tables)
6 Months Ended
Jun. 30, 2016
Compensation and Retirement Disclosure [Abstract]  
Components of Net Periodic Benefit Cost
The following table summarizes the components of net periodic benefit cost for the three and six months ended June 30, 2016 and 2015.
 
 
Pension Benefits
 
Other Postretirement Benefits
 
Superannuation,
SERP and
ESBP
 
 
For the Three Months Ended 
 June 30,
 
For the Three Months Ended 
 June 30,
 
For the Three Months Ended 
 June 30,
(Dollars in millions)
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
Components of net periodic benefit cost:
 
 
 
 
 
 
 
 
 
 
 
 
Service cost
 
$
22

 
$
23

 
$
2

 
$
2

 
$

 
$
1

Interest cost
 
26

 
28

 
2

 
2

 
1

 
1

Expected return on plan assets
 
(58
)
 
(54
)
 
(4
)
 
(4
)
 

 

Amortization of prior service credit
 
(5
)
 
(5
)
 
(2
)
 
(2
)
 

 

Recognized net actuarial loss
 
19

 
26

 
3

 
1

 

 

Total net periodic benefit cost          
 
$
4

 
$
18

 
$
1

 
$
(1
)
 
$
1

 
$
2


 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pension Benefits
 
Other Postretirement Benefits
 
Superannuation,
SERP and
ESBP
 
 
For the Six Months Ended June 30,
 
For the Six Months Ended June 30,
 
For the Six Months Ended June 30,
(Dollars in millions)
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
Components of net periodic benefit cost:
 
 
 
 
 
 
 
 
 
 
 
 
Service cost
 
$
45

 
$
48

 
$
4

 
$
4

 
$
1

 
$
1

Interest cost
 
52

 
55

 
5

 
5

 
1

 
1

Expected return on plan assets
 
(118
)
 
(108
)
 
(9
)
 
(9
)
 

 

Amortization of prior service credit
 
(9
)
 
(9
)
 
(4
)
 
(4
)
 

 

Recognized net actuarial loss
 
38

 
53

 
5

 
2

 
1

 
1

Total net periodic benefit cost          
 
$
8

 
$
39

 
$
1

 
$
(2
)
 
$
3

 
$
3