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Retirement-Related Benefits: (Tables)
3 Months Ended
Mar. 31, 2012
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 March 31:

 

2012

 

2011

 

Change

 

Retirement-related plans – cost

 

 

 

 

 

 

 

Defined benefit and contribution pension plans – cost

 

$

532

 

$

432

 

23.2

%

Nonpension postretirement plans – cost

 

84

 

86

 

(1.8

)

Total

 

$

616

 

$

517

 

19.0

%

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

 

(Dollars in millions)

 

U.S. Plans

 

Non-U.S. Plans

 

For the three months ended March 31:

 

2012

 

2011

 

2012

 

2011

 

Service cost

 

$

 

$

 

$

112

 

$

131

 

Interest cost

 

550

 

620

 

450

 

454

 

Expected return on plan assets

 

(1,011

)

(1,015

)

(580

)

(620

)

Amortization of prior service costs/(credits)

 

2

 

2

 

(39

)

(40

)

Recognized actuarial losses

 

336

 

211

 

259

 

245

 

Curtailments and settlements

 

 

 

1

 

0

 

Multi-employer plans/other costs

 

 

 

23

 

34

 

Total net periodic pension (income)/cost of defined benefit plans

 

(122

)

(182

)

227

 

204

 

Cost of defined contribution plans

 

264

 

265

 

163

 

146

 

Total defined benefit and contribution plans cost recognized in the Consolidated Statement of Earnings

 

$

142

 

$

82

 

$

390

 

$

349

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

(Dollars in millions)

 

U.S. Plan

 

Non-U.S. Plans

 

For the three months ended March 31:

 

2012

 

2011

 

2012

 

2011

 

Service cost

 

$

9

 

$

8

 

$

2

 

$

3

 

Interest cost

 

49

 

59

 

17

 

17

 

Expected return on plan assets

 

 

 

(3

)

(3

)

Amortization of prior service costs/(credits)

 

 

 

(1

)

(1

)

Recognized actuarial losses

 

6

 

 

4

 

3

 

Total nonpension postretirement plan cost recognized in Consolidated Statement of Earnings

 

$

64

 

$

67

 

$

20

 

$

19