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Retirement Benefits (Unaudited)
6 Months Ended
Jun. 30, 2013
Compensation and Retirement Disclosure [Abstract]  
Retirement Benefits
RETIREMENT BENEFITS
The cost to the company of its retirement benefit plans is shown in the following table:
 
Three Months Ended June 30
Six Months Ended June 30
 
Pension
Benefits
 
Medical and
Life Benefits
Pension
Benefits
 
Medical and
Life Benefits
$ in millions
2013
 
2012
 
2013
 
2012
2013
 
2012
 
2013
 
2012
Components of net periodic benefit cost
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Service cost

$129

 

$130

 

$ 9

 

$ 9


$258

 

$261

 

$18

 

$17

Interest cost
280

 
296

 
24

 
27

559

 
592

 
48

 
54

Expected return on plan assets
(452
)
 
(427
)
 
(19
)
 
(17
)
(905
)
 
(854
)
 
(38
)
 
(34
)
Amortization of:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Prior service credit
(15
)
 
(14
)
 
(13
)
 
(13
)
(29
)
 
(29
)
 
(25
)
 
(25
)
Net loss from previous years
152

 
107

 
8

 
5

304

 
214

 
15

 
10

Other

 

 

 


 
2

 

 

Net periodic benefit cost

$ 94

 

$ 92

 

$ 9

 

$ 11


$187

 

$186

 

$18

 

$22


Employer Contributions
The company’s required minimum funding in 2013 for its defined benefit pension plans and its post-retirement benefit plans is approximately $66 million and $110 million, respectively. For the six months ended June 30, 2013, contributions of $543 million have been made to the company’s defined benefit pension plans, including a voluntary contribution of $500 million in April 2013, and contributions of $63 million have been made to the company’s post-retirement benefit plans.
The company also sponsors defined contribution plans. For the three months ended June 30, 2013 and 2012, contributions of $75 million and $76 million, respectively, were made to these plans. For the six months ended June 30, 2013 and 2012, contributions of $150 million and $152 million, respectively, were made to these plans.