Pension and Other Postretirement Benefits

6 Months Ended

Jun. 30, 2011

Pension and Other Postretirement Benefits

Pension and Other Postretirement Benefits

5. Pension and Other Postretirement Benefits

	Three Months Ended June 30,						Six Months Ended June 30,
	2011			2010			2011			2010
	(millions of dollars)
Pension Benefits - U.S.
Components of net benefit cost
Service cost	$	124		$	114		$	249		$	224
Interest cost		198			200			396			399
Expected return on plan assets		(193	)		(182	)		(385	)		(363	)
Amortization of actuarial loss/(gain) and prior service cost		124			133			247			264
Net pension enhancement and curtailment/settlement cost		101			126			202			253
Net benefit cost	$	354		$	391		$	709		$	777
Pension Benefits - Non-U.S.
Components of net benefit cost
Service cost	$	146		$	113		$	285		$	236
Interest cost		323			283			639			579
Expected return on plan assets		(296	)		(242	)		(586	)		(494	)
Amortization of actuarial loss/(gain) and prior service cost		193			160			377			325
Net pension enhancement and curtailment/settlement cost		0			0			0			1
Net benefit cost	$	366		$	314		$	715		$	647
Other Postretirement Benefits
Components of net benefit cost
Service cost	$	38		$	28		$	64		$	52
Interest cost		101			108			204			211
Expected return on plan assets		(12	)		(11	)		(22	)		(20	)
Amortization of actuarial loss/(gain) and prior service cost		49			46			106			108
Net benefit cost	$	176		$	171		$	352		$	351