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Employee Pension and Other Postretirement Benefits (Tables)
6 Months Ended
Jun. 30, 2017
Compensation and Retirement Disclosure [Abstract]  
Components of Net Periodic Benefit Cost
The following tables summarize the components of net periodic benefit cost for the three and six months ended June 30, 2017 and 2016.
 
 
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)
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
Components of net periodic benefit cost:
 
 
 
 
 
 
 
 
 
 
 
 
Service cost
 
$
16

 
$
22

 
$
1

 
$
2

 
$

 
$

Interest cost
 
25

 
26

 
2

 
2

 

 
1

Expected return on plan assets
 
(63
)
 
(58
)
 
(4
)
 
(4
)
 

 

Amortization of prior service credit
 
(6
)
 
(5
)
 
(6
)
 
(2
)
 

 

Recognized net actuarial loss
 
21

 
19

 
1

 
3

 
1

 

Total net periodic benefit cost          
 
$
(7
)
 
$
4

 
$
(6
)
 
$
1

 
$
1

 
$
1


 
 
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)
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
Components of net periodic benefit cost:
 
 
 
 
 
 
 
 
 
 
 
 
Service cost
 
$
35

 
$
45

 
$
3

 
$
4

 
$

 
$
1

Interest cost
 
50

 
52

 
4

 
5

 
1

 
1

Expected return on plan assets
 
(127
)
 
(118
)
 
(9
)
 
(9
)
 

 

Amortization of prior service credit
 
(13
)
 
(9
)
 
(11
)
 
(4
)
 

 

Recognized net actuarial loss
 
40

 
38

 
4

 
5

 
2

 
1

Total net periodic benefit cost          
 
$
(15
)
 
$
8

 
$
(9
)
 
$
1

 
$
3

 
$
3