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POSTRETIREMENT BENEFIT PLANS (Tables)
3 Months Ended
Mar. 31, 2018
Retirement Benefits [Abstract]  
Schedule of Effect on Operations of Pension Plans and Principal Retiree Benefit Plans
EFFECT ON OPERATIONS OF PENSION PLANS
 
 
 
 
 
Principal pension plans
 
 
Three months ended March 31
 
(In millions)
2018

 
2017

 
 
 
 
 
 
Service cost for benefits earned
$
232

 
$
289

 
Prior service cost amortization
36

 
73

 
Expected return on plan assets
(820
)
 
(849
)
 
Interest cost on benefit obligations
666

 
717

 
Net actuarial loss amortization
951

 
710

 
Curtailment loss

 
43

(a)
Pension plans cost
$
1,065

 
$
983

 
(a)
Curtailment loss resulting from our intent to sell the Industrial Solutions business within our Power segment.
 
Other pension plans
 
 
Three months ended March 31
 
(In millions)
2018
 
2017
 
 
 
 
 
 
Service cost for benefits earned
$
95

 
$
151

 
Prior service credit amortization

 
(1
)
 
Expected return on plan assets
(358
)
 
(294
)
 
Interest cost on benefit obligations
156

 
142

 
Net actuarial loss amortization
82

 
103

 
Pension plans cost (income)
$
(25
)
 
$
101

 

EFFECT ON OPERATIONS OF PRINCIPAL RETIREE BENEFIT PLANS
 
 
 
 
 
Principal retiree benefit plans
 
 
Three months ended March 31
 
(In millions)
2018

 
2017

 
 
 
 
 
 
Service cost for benefits earned
$
13

 
$
26

 
Prior service credit amortization
(56
)
 
(43
)
 
Expected return on plan assets
(7
)
 
(9
)
 
Interest cost on benefit obligations
49

 
57

 
Net actuarial gain amortization
(20
)
 
(21
)
 
Curtailment loss

 
3

(a)
Retiree benefit plans cost (income)
$
(21
)
 
$
13

 

(a)
Curtailment loss resulting from our intent to sell the Industrial Solutions business within our Power segment.