Pension and Other Postretirement Employee Benefit Plans (Tables)

3 Months Ended

Mar. 31, 2016

Compensation and Retirement Disclosure [Abstract]

Components of net periodic benefit costs reported in the Consolidated Statements of 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 March 31, (in millions)	2016			2015			2016			2015			2016			2015
Components of net periodic benefit cost
Benefits earned during the period	$	73		$	85		$	9		$	9		$	—		$	—
Interest cost on benefit obligations	133			125			26			28			8			8
Expected return on plan assets	(222		)	(232		)	(36		)	(38		)	(26		)	(26		)
Amortization:
Net (gain)/loss	59			62			5			9			—			—
Prior service cost/(credit)	(9		)	(9		)	—			—			—			—
Net periodic defined benefit cost	34			31			4			8			(18		)	(18		)
Other defined benefit pension plans(a)	3			3			2			5			NA			NA
Total defined benefit plans	37			34			6			13			(18		)	(18		)
Total defined contribution plans	99			89			86			83			NA			NA
Total pension and OPEB cost included in compensation expense	$	136		$	123		$	92		$	96		$	(18	)	$	(18	)

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