Retirement-Related Benefits: (Tables)

9 Months Ended

Sep. 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 September 30:		2014		2013		Change
Retirement-related plans – cost
	Defined benefit and contribution pension plans – cost	$	408	$	631		(35.4)	%
	Nonpension postretirement plans – cost		67		74		(8.3)
	Total	$	475	$	705		(32.6)	%

						Yr. to Yr.
(Dollars in millions)						Percent
For the nine months ended September 30:		2014		2013		Change
Retirement-related plans – cost
	Defined benefit and contribution pension plans – cost	$	1,280	$	1,941		(34.1)	%
	Nonpension postretirement plans – cost		204		224		(8.9)
	Total	$	1,484	$	2,165		(31.4)	%

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 September 30:		2014		2013		2014		2013
Service cost		$	—	$	—	$	113	$	124
Interest cost			553		495		385		379
Expected return on plan assets			(1,024)		(995)		(565)		(546)
Amortization of prior service costs/(credits)			2		2		(28)		(29)
Recognized actuarial losses			264		448		351		397
Curtailments and settlements			—		—		7		0
Multi-employer plans/other costs			—		—		36		16
Total net periodic pension (income)/cost of defined
	benefit plans		(205)		(50)		300		341
Cost of defined contribution plans			179		204		133		137
Total defined benefit and contribution plans cost recognized
	in the Consolidated Statement of Earnings	$	(25)	$	154	$	433	$	478

(Dollars in millions)		U.S. Plans				Non-U.S. Plans
For the nine months ended September 30:		2014		2013		2014		2013
Service cost		$	—	$	—	$	346	$	375
Interest cost			1,659		1,485		1,170		1,137
Expected return on plan assets			(3,072)		(2,986)		(1,715)		(1,636)
Amortization of prior service costs/(credits)			7		7		(85)		(90)
Recognized actuarial losses			792		1,343		1,072		1,195
Curtailments and settlements			—		—		20		—
Multi-employer plan/other costs			—		—		131		71
Total net periodic pension (income)/cost of defined
	benefit plans		(614)		(151)		938		1,052
Cost of defined contribution plans			554		603		402		437
Total defined benefit and contribution plans cost recognized
	in the Consolidated Statement of Earnings	$	(60)	$	452	$	1,340	$	1,489

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
(Dollars in millions)		U.S. Plans				Non-U.S. Plans
For the three months ended September 30:		2014		2013		2014		2013
Service cost		$	7	$	9	$	1	$	2
Interest cost			47		41		16		14
Expected return on plan assets			0		0		(2)		(2)
Amortization of prior service costs/(credits)			(2)		––		(1)		(1)
Recognized actuarial losses			0		5		3		6
Total nonpension postretirement plan cost recognized in
	Consolidated Statement of Earnings	$	51	$	55	$	16	$	19

(Dollars in millions)		U.S. Plan				Non-U.S. Plans
For the nine months ended September 30:		2014		2013		2014		2013
Service cost		$	20	$	26	$	5	$	7
Interest cost			140		123		48		46
Expected return on plan assets			0		(1)		(7)		(7)
Amortization of prior service costs/(credits)			(6)		—		(4)		(4)
Recognized actuarial losses			0		16		8		18
Curtailments and settlements			0		—		0		0
Total nonpension postretirement plan cost recognized in
	Consolidated Statement of Earnings	$	154	$	164	$	50	$	60