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Postretirement Benefits (Tables)
 9 Months Ended
Sep. 30, 2013
Compensation and Retirement Disclosure [Abstract]  
Components of net periodic cost and weighted-average assumptions used to determine net cost
 
 
(Millions of dollars)
U.S. Pension 
Benefits
 
Non-U.S. Pension 
Benefits
 
Other
Postretirement 
Benefits
 
September 30,
 
September 30,
 
September 30,
 
2013
 
2012
 
2013
 
2012
 
2013
 
2012
For the three months ended:
 
 
 
 
 
 
 
 
 
 
 
Components of net periodic benefit cost:
 
 
 
 
 
 
 
 
 
 
 
Service cost
$
49

 
$
46

 
$
31

 
$
26

 
$
24

 
$
23

Interest cost
147

 
152

 
43

 
44

 
48

 
55

Expected return on plan assets
(208
)
 
(204
)
 
(59
)
 
(53
)
 
(14
)
 
(15
)
Amortization of:
 
 
 

 
 
 
 

 
 
 
 

Transition obligation (asset)
—

 
—

 
—

 
—

 
1

 
1

Prior service cost (credit) 1
4

 
5

 
—

 
1

 
(18
)
 
(18
)
Net actuarial loss (gain) 1
136

 
126

 
33

 
24

 
27

 
25

Net periodic benefit cost
128

 
125

 
48

 
42

 
68

 
71

Adjustment for subsidiary pension plan 2
31

 
—

 
—

 
—

 
—

 
—

Curtailments, settlements and special termination benefits 3
—

 
7

 
—

 
6

 
—

 
—

Total cost included in operating profit
$
159

 
$
132

 
$
48

 
$
48

 
$
68

 
$
71

 
 
 
 
 
 
 
 
 
 
 
 
For the nine months ended:
 
 
 
 
 
 
 
 
 
 
 
Components of net periodic benefit cost:
 
 
 
 
 
 
 
 
 
 
 
Service cost
$
147

 
$
138

 
$
93

 
$
82

 
$
79

 
$
69

Interest cost
436

 
460

 
128

 
135

 
146

 
166

Expected return on plan assets
(624
)
 
(610
)
 
(176
)
 
(160
)
 
(42
)
 
(47
)
Amortization of:
 
 
 

 
 
 
 

 
 
 
 

Transition obligation (asset)
—

 
—

 
—

 
—

 
2

 
2

Prior service cost (credit) 1
13

 
15

 
1

 
1

 
(55
)
 
(51
)
Net actuarial loss (gain) 1
409

 
374

 
99

 
72

 
81

 
75

Net periodic benefit cost
381

 
377

 
145

 
130

 
211

 
214

Adjustment for subsidiary pension plan 2
31

 
—

 
—

 
—

 
—

 
—

Curtailments, settlements and special termination benefits 3
—

 
7

 
3

 
28

 
—

 
(40
)
Total cost included in operating profit
$
412

 
$
384

 
$
148

 
$
158

 
$
211

 
$
174

 
 
 
 
 
 
 
 
 
 
 
 
Weighted-average assumptions used to determine net cost:
 
 
 
 
 
 
 
 
 
 
Discount rate
3.7
%
 
4.3
%
 
3.7
%
 
4.3
%
 
3.7
%
 
4.3
%
Expected return on plan assets
7.8
%
 
8.0
%
 
6.7
%
 
7.1
%
 
7.8
%
 
8.0
%
Rate of compensation increase
4.5
%
 
4.5
%
 
3.9
%
 
3.9
%
 
4.4
%
 
4.4
%
 
 
 
 
 
 
 
 
 
 
 
 

1 
Prior service cost (credit) and net actuarial loss (gain) for both pension and other postretirement benefits are generally amortized using the straight-line method over the average remaining service period to the full retirement eligibility date of employees expected to receive benefits from the plan. For pension plans in which all or almost all of the plan's participants are inactive and other postretirement benefit plans in which all or almost all of the plan's participants are fully eligible for benefits under the plan, prior service cost (credit) and net actuarial loss (gain) are amortized using the straight-line method over the remaining life expectancy of those participants.
2 
Charge to recognize a previously unrecorded liability related to a subsidiary's pension plans.
3 
Curtailments, settlements and special termination benefits were recognized in Other operating (income) expenses in the Consolidated Statement of Results of Operations.
 
 
 
 
 
Company costs related to U.S. and non-U.S. defined contribution plans
Total company costs related to our defined contribution plans were as follows:
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
(Millions of dollars)
2013
 
2012
 
2013
 
2012
U.S. Plans
$
74

 
$
62

 
$
218

 
$
196

Non-U.S. Plans
16

 
15

 
47

 
46

 
$
90

 
$
77

 
$
265

 
$
242