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Retirement Benefits (Unaudited)
9 Months Ended
Sep. 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 September 30
Nine Months Ended September 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

 

$131

 

$ 9

 

$ 8


$ 387

 

$ 392

 

$27

 

$25

Interest cost
279

 
296

 
24

 
28

838

 
888

 
72

 
82

Expected return on plan assets
(452
)
 
(427
)
 
(19
)
 
(17
)
(1,357
)
 
(1,281
)
 
(57
)
 
(51
)
Amortization of:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Prior service credit
(15
)
 
(15
)
 
(13
)
 
(13
)
(44
)
 
(44
)
 
(38
)
 
(38
)
Net loss from previous years
152

 
107

 
8

 
5

456

 
321

 
23

 
15

Other

 

 

 


 
2

 

 

Net periodic benefit cost

$ 93

 

$ 92

 

$ 9

 

$ 11


$ 280

 

$ 278

 

$27

 

$33


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 nine months ended September 30, 2013, contributions of $561 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 $87 million have been made to the company’s post-retirement benefit plans.
The company also sponsors defined contribution plans. For the three months ended September 30, 2013 and 2012, contributions of $63 million and $66 million, respectively, were made to these plans. For the nine months ended September 30, 2013 and 2012, contributions of $213 million and $218 million, respectively, were made to these plans.