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Pension and Other Postretirement Employee Benefit Plans (Tables)
6 Months Ended
Jun. 30, 2013
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]  
Components of net periodic benefit costs reported in the Consolidated Statements of Income and other comprehensive income
The following table presents the components of net periodic benefit costs reported in the Consolidated Statements of Income for the Firm’s U.S. and non-U.S. defined benefit pension, defined contribution and OPEB plans.
 
Pension plans
 
 
 
 
U.S.
 
Non-U.S.
 
OPEB plans
Three months ended June 30, (in millions)
2013

2012

 
2013

2012

 
2013

2012

Components of net periodic benefit cost
 
 
 
 
 
 
 
 
Benefits earned during the period
$
79

$
68

 
$
8

$
9

 
$

$

Interest cost on benefit obligations
111

121

 
30

31

 
9

11

Expected return on plan assets
(238
)
(223
)
 
(34
)
(34
)
 
(24
)
(23
)
Amortization:
 
 
 
 
 
 
 
 
Net (gain)/loss
67

73

 
12

8

 

(2
)
Prior service cost/(credit)
(11
)
(10
)
 


 


Net periodic defined benefit cost
8

29

 
16

14

 
(15
)
(14
)
Other defined benefit pension plans(a)
4

3

 
4

1

 
NA

NA

Total defined benefit plans
12

32

 
20

15

 
(15
)
(14
)
Total defined contribution plans
115

107

 
80

75

 
NA

NA

Total pension and OPEB cost included in compensation expense
$
127

$
139

 
$
100

$
90

 
$
(15
)
$
(14
)
 
Pension plans
 
 
 
 
U.S.
 
Non-U.S.
 
OPEB plans
Six months ended June 30, (in millions)
2013

2012

 
2013

2012

 
2013

2012

Components of net periodic benefit cost
 
 
 
 
 
 
 
 
Benefits earned during the period
$
157

$
136

 
$
17

$
19

 
$

$

Interest cost on benefit obligations
223

227

 
60

62

 
18

22

Expected return on plan assets
(477
)
(418
)
 
(68
)
(67
)
 
(46
)
(45
)
Amortization:


 

 


 

 


 

Net (gain)/loss
135

145

 
24

17

 
1


Prior service cost/(credit)
(21
)
(21
)
 
(1
)

 


Net periodic defined benefit cost
17

69

 
32

31

 
(27
)
(23
)
Other defined benefit pension plans(a)
7

7

 
6

3

 
NA

NA

Total defined benefit plans
24

76

 
38

34

 
(27
)
(23
)
Total defined contribution plans
220

188

 
159

155

 
NA

NA

Total pension and OPEB cost included in compensation expense
$
244

$
264

 
$
197

$
189

 
$
(27
)
$
(23
)
(a)
Includes various defined benefit pension plans which are individually immaterial.