Pension, Savings and Other Postretirement Benefit Plans

9 Months Ended

Sep. 30, 2011

Compensation and Retirement Disclosure [Abstract]

PENSION, SAVINGS AND OTHER POSTRETIREMENT BENEFIT PLANS

PENSION, SAVINGS AND OTHER POSTRETIREMENT BENEFIT PLANS

We provide employees with defined benefit pension or defined contribution savings plans.

Defined benefit pension cost follows:

	U.S.						U.S.
	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(In millions)	2011			2010			2011			2010
Service cost — benefits earned during the period	$	10		$	10		$	31		$	30
Interest cost on projected benefit obligation	71			74			212			222
Expected return on plan assets	(76		)	(70		)	(229		)	(210		)
Amortization of: — prior service cost	5			8			17			23
— net losses	33			34			100			100
Net periodic pension cost	43			56			131			165
Curtailments/settlements/termination benefits	4			—			15			—
Total defined benefit pension cost	$	47		$	56		$	146		$	165

	Non-U.S.						Non-U.S.
	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(In millions)	2011			2010			2011			2010
Service cost — benefits earned during the period	$	8		$	6		$	24		$	19
Interest cost on projected benefit obligation	37			36			113			108
Expected return on plan assets	(33		)	(32		)	(99		)	(94		)
Amortization of: — prior service cost	1			—			2			1
— net losses	10			9			29			26
Net periodic pension cost	23			19			69			60
Curtailments/settlements/termination benefits	—			(2		)	—			(1		)
Total defined benefit pension cost	$	23		$	17		$	69		$	59

During the three and nine months ended September 30, 2011, we recognized settlement charges of $4 million and $15 million, respectively, related to one of our U.S. pension plans. These settlement charges resulted from total lump sum payments through September 30, 2011 exceeding estimated annual service and interest cost for the plan.

We expect to contribute approximately $225 million to $250 million to our funded U.S. and non-U.S. pension plans in 2011. For the three and nine months ended September 30, 2011, we contributed $8 million and $26 million, respectively, to our non-U.S. plans and for the three and nine months ended September 30, 2011, we contributed $92 million and $143 million, respectively, to our U.S. plans.

The expense recognized for our contributions to defined contribution savings plans was $24 million and $23 million for the three months ended September 30, 2011 and 2010, respectively, and $75 million and $69 million for the nine months ended September 30, 2011 and 2010, respectively.

We provide certain U.S. employees and employees at certain non-U.S. subsidiaries with health care benefits or life insurance benefits upon retirement. Postretirement benefit cost for the three months ended September 30, 2011 and 2010 was $2 million and $2 million, respectively, and $7 million and $13 million, which includes a $7 million adjustment in 2010 for participant data related to prior periods, for the nine months ended September 30, 2011 and 2010, respectively.