Note 7: Employee Benefit Plans

6 Months Ended

Jun. 30, 2012

Notes to Condensed Consolidated Financial Statements [Abstract]

Note 7: Employee Benefit Plans

Note 7: Employee Benefit Plans

Pension and Postretirement Plans. We sponsor both funded and unfunded domestic and foreign defined pension and other postretirement benefit plans, and defined contribution plans. Contributions to these plans were as follows:

	Quarter Ended June 30,				Six Months Ended June 30,
(Dollars in millions)		2012		2011		2012		2011
Defined Benefit Plans	$	11	$	41	$	24	$	70
Defined Contribution Plans	$	56	$	56	$	118	$	113

There were no contributions to our domestic defined benefit pension plans in the first six months of 2012 and 2011.

The following tables illustrate the components of net periodic benefit cost for our defined pension and other postretirement benefit plans:

	Pension Benefits				Other Postretirement Benefits
	Quarter Ended June 30,				Quarter Ended June 30,
(Dollars in millions)	2012		2011		2012		2011
Service cost	$	115	$	111	$	1	$	1
Interest cost		313		326		8		10
Expected return on plan assets		(456)		(458)		-		-
Amortization		(3)		(3)		-		(1)
Recognized actuarial net loss (gain)		180		116		(2)		(2)
Net settlement and curtailment loss		7		13		-		-
Total net periodic benefit cost	$	156	$	105	$	7	$	8
	Pension Benefits				Other Postretirement Benefits
	Six Months Ended June 30,				Six Months Ended June 30,
(Dollars in millions)	2012		2011		2012		2011
Service cost	$	230	$	222	$	2	$	2
Interest cost		626		650		16		20
Expected return on plan assets		(912)		(914)		-		-
Amortization		(6)		(6)		-		(2)
Recognized actuarial net loss (gain)		361		231		(4)		(4)
Net settlement and curtailment loss		35		13		-		-
Total net periodic benefit cost	$	334	$	196	$	14	$	16

Net settlements and curtailment losses for pension benefits includes curtailment losses of approximately $3 million and $24 million related to,and recorded in,discontinued operationsfor the quarter and six months ended June 30, 2012, respectively.