Retirement-Related Benefits: (Tables)

6 Months Ended

Jun. 30, 2014

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block

Retirement-related benefits net periodic (income)/cost in the Consolidated Statement of Earnings

						Yr. to Yr.
(Dollars in millions)						Percent
For the three months ended June 30:		2014		2013		Change
Retirement-related plans – cost
	Defined benefit and contribution pension plans – cost	$	398	$	636		(37.4)	%
	Nonpension postretirement plans – cost		70		71		(1.4)
	Total	$	468	$	706		(33.8)	%

						Yr. to Yr.
(Dollars in millions)						Percent
For the six months ended June 30:		2014		2013		Change
Retirement-related plans – cost
	Defined benefit and contribution pension plans – cost	$	872	$	1,310		(33.4)	%
	Nonpension postretirement plans – cost		137		151		(9.1)
	Total	$	1,009	$	1,460		(30.9)	%

Defined Benefit Pension Plans

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block

Retirement-related benefits net periodic (income)/cost in the Consolidated Statement of Earnings

Cost/(Income) of Pension Plans
(Dollars in millions)		U.S. Plans				Non-U.S. Plans
For the three months ended June 30:		2014		2013		2014		2013
Service cost		$	—	$	—	$	118	$	120
Interest cost			551		494		394		376
Expected return on plan assets			(1,024)		(995)		(578)		(537)
Amortization of prior service costs/(credits)			2		2		(28)		(29)
Recognized actuarial losses			259		444		361		394
Curtailments and settlements			—		—		8		0
Multi-employer plans/other costs			—		—		16		25
Total net periodic pension (income)/cost of defined
	benefit plans		(211)		(55)		290		349
Cost of defined contribution plans			183		193		136		148
Total defined benefit and contribution plans cost recognized
	in the Consolidated Statement of Earnings	$	(28)	$	138	$	426	$	497

(Dollars in millions)		U.S. Plans				Non-U.S. Plans
For the six months ended June 30:		2014		2013		2014		2013
Service cost		$	—	$	—	$	233	$	251
Interest cost			1,106		990		785		758
Expected return on plan assets			(2,048)		(1,991)		(1,150)		(1,091)
Amortization of prior service costs/(credits)			5		5		(57)		(60)
Recognized actuarial losses			528		895		721		798
Curtailments and settlements			—		—		13		—
Multi-employer plan/other costs			—		—		95		55
Total net periodic pension (income)/cost of defined
	benefit plans		(409)		(101)		638		711
Cost of defined contribution plans			375		399		269		300
Total defined benefit and contribution plans cost recognized
	in the Consolidated Statement of Earnings	$	(35)	$	298	$	907	$	1,011

Nonpension Postretirement Plans

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block

Retirement-related benefits net periodic (income)/cost in the Consolidated Statement of Earnings

The following tables provide the components of the cost/(income) for the company's nonpension postretirement plans:
Cost of Nonpension Postretirement Plans
		U.S. Plan				Non-U.S. Plans
(Dollars in millions)		2014		2013		2014		2013
For the three months ended June 30:
Service cost		$	6	$	9	$	2	$	2
Interest cost			48		40		16		15
Expected return on plan assets			0		0		(2)		(2)
Amortization of prior service costs/(credits)			(2)		––		(1)		(1)
Recognized actuarial losses			0		2		3		6
Total nonpension postretirement plan cost recognized in
	Consolidated Statement of Earnings	$	53	$	51	$	17	$	20

(Dollars in millions)		U.S. Plan				Non-U.S. Plans
For the six months ended June 30:		2014		2013		2014		2013
Service cost		$	13	$	17	$	4	$	5
Interest cost			94		82		32		31
Expected return on plan assets			0		(1)		(5)		(5)
Amortization of prior service costs/(credits)			(4)		—		(3)		(2)
Recognized actuarial losses			0		11		5		12
Curtailments and settlements			0		—		0		0
Total nonpension postretirement plan cost recognized in
	Consolidated Statement of Earnings	$	103	$	109	$	34	$	41