Retirement-Related Benefits (Tables)

9 Months Ended

Sep. 30, 2015

Defined Benefit Plans and Other Postretirement Benefit Plans

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:		2015		2014		Change
Retirement-related plans – cost
	Defined benefit and contribution pension plans – cost	$	505	$	408		23.9	%
	Nonpension postretirement plans – cost		68		67		0.3
	Total	$	573	$	475		20.6	%

						Yr. to Yr.
(Dollars in millions)						Percent
For the nine months ended September 30:		2015		2014		Change
Retirement-related plans – cost
	Defined benefit and contribution pension plans – cost	$	1,747	$	1,280		36.5	%
	Nonpension postretirement plans – cost		206		204		0.9
	Total	$	1,953	$	1,484		31.6	%

Defined Benefit Pension Plans

Defined Benefit Plans and Other Postretirement Benefit Plans

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:		2015		2014		2015		2014
Service cost		$	—	$	—	$	116	$	113
Interest cost			507		553		270		385
Expected return on plan assets			(988)		(1,024)		(481)		(565)
Amortization of prior service costs/(credits)			2		2		(24)		(28)
Recognized actuarial losses			414		264		392		351
Curtailments and settlements			—		—		11		7
Multi-employer plans/other costs			—		—		16		36
Total net periodic pension (income)/cost of defined
	benefit plans		(65)		(205)		300		300
Cost of defined contribution plans			162		179		109		133
Total defined benefit and contribution plans cost recognized
	in the Consolidated Statement of Earnings	$	96	$	(25)	$	409	$	433

(Dollars in millions)		U.S. Plans				Non-U.S. Plans
For the nine months ended September 30:		2015		2014		2015		2014
Service cost		$	—	$	—	$	339	$	346
Interest cost			1,521		1,659		810		1,170
Expected return on plan assets			(2,965)		(3,072)		(1,446)		(1,715)
Amortization of prior service costs/(credits)			7		7		(74)		(85)
Recognized actuarial losses			1,241		792		1,186		1,072
Curtailments and settlements			—		—		19		20
Multi-employer plan/other costs			—		—		272		131
Total net periodic pension (income)/cost of defined
	benefit plans		(196)		(614)		1,107		938
Cost of defined contribution plans			500		554		335		402
Total defined benefit and contribution plans cost recognized
	in the Consolidated Statement of Earnings	$	304	$	(60)	$	1,443	$	1,340

Nonpension Postretirement Plans

Defined Benefit Plans and Other Postretirement Benefit Plans

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. Plan				Non-U.S. Plans
For the three months ended September 30:		2015		2014		2015		2014
Service cost		$	6	$	7	$	2	$	1
Interest cost			41		47		12		16
Expected return on plan assets			—		—		(2)		(2)
Amortization of prior service costs/(credits)			(2)		(2)		(1)		(1)
Recognized actuarial losses			10		0		2		3
Curtailments and settlements			—		—		0		0
Total nonpension postretirement plan cost recognized in
	Consolidated Statement of Earnings	$	55	$	51	$	13	$	16

(Dollars in millions)		U.S. Plan				Non-U.S. Plans
For the nine months ended September 30:		2015		2014		2015		2014
Service cost		$	18	$	20	$	5	$	5
Interest cost			122		140		39		48
Expected return on plan assets			—		—		(5)		(7)
Amortization of prior service costs/(credits)			(6)		(6)		(4)		(4)
Recognized actuarial losses			29		0		7		8
Curtailments and settlements			—		—		0		0
Total nonpension postretirement plan cost recognized in
	Consolidated Statement of Earnings	$	164	$	154	$	42	$	50