Retirement-Related Benefits (Tables)

3 Months Ended

Mar. 31, 2016

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 March 31:		2016		2015		Change
Retirement-related plans – cost
	Defined benefit and contribution pension plans – cost	$	439	$	749		(41.4)	%
	Nonpension postretirement plans – cost		60		71		(15.9)
	Total	$	499	$	820		(39.2)	%

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 March 31:		2016		2015		2016		2015
Service cost		$	—	$	—	$	104	$	108
Interest cost			513		508		262		271
Expected return on plan assets			(922)		(989)		(470)		(483)
Amortization of prior service costs/(credits)			3		2		(25)		(25)
Recognized actuarial losses			333		415		347		401
Curtailments and settlements			—		—		5		4
Multi-employer plans/other costs			—		—		18		248
Total net periodic pension (income)/cost of defined
	benefit plans		(74)		(64)		241		524
Cost of defined contribution plans			165		173		106		115
Total defined benefit and contribution plans cost recognized
	in the Consolidated Statement of Earnings	$	91	$	109	$	348	$	640

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 March 31:		2016		2015		2016		2015
Service cost		$	5	$	6	$	1	$	2
Interest cost			41		41		10		14
Expected return on plan assets			—		0		(1)		(2)
Amortization of prior service costs/(credits)			(2)		(2)		(1)		(1)
Recognized actuarial losses			5		11		2		3
Total nonpension postretirement plan cost recognized in
	Consolidated Statement of Earnings	$	49	$	56	$	11	$	15