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Retirement-Related Benefits: (Tables)
6 Months Ended
Jun. 30, 2013
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:

 

2013

 

2012

 

Change

 

Retirement-related plans — cost

 

 

 

 

 

 

 

Defined benefit and contribution pension plans — cost

 

$

636

 

$

459

 

38.5

%

Nonpension postretirement plans — cost

 

71

 

89

 

(21.0

)

Total

 

$

706

 

$

548

 

28.8

%

 

 

 

 

 

 

 

Yr. to Yr.

 

(Dollars in millions)

 

 

 

 

 

Percent

 

For the six months ended June 30:

 

2013

 

2012

 

Change

 

Retirement-related plans — cost

 

 

 

 

 

 

 

Defined benefit and contribution pension plans — cost

 

$

1,310

 

$

991

 

32.2

%

Nonpension postretirement plans — cost

 

151

 

174

 

(13.3

)

Total

 

$

1,460

 

$

1,164

 

25.4

%

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

 

 

(Dollars in millions)

 

U.S. Plans

 

Non-U.S. Plans

 

For the three months ended June 30:

 

2013

 

2012

 

2013

 

2012

 

Service cost

 

$

 

$

 

$

120

 

$

111

 

Interest cost

 

494

 

548

 

376

 

444

 

Expected return on plan assets

 

(995

)

(1,011

)

(537

)

(573

)

Amortization of prior service costs/(credits)

 

2

 

3

 

(29

)

(38

)

Recognized actuarial losses

 

444

 

330

 

394

 

256

 

Curtailments and settlements

 

 

 

0

 

0

 

Multi-employer plans/other costs

 

 

 

25

 

23

 

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

 

(55

)

(131

)

349

 

222

 

Cost of defined contribution plans

 

193

 

212

 

148

 

156

 

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

 

$

138

 

$

81

 

$

497

 

$

378

 

 

(Dollars in millions)

 

U.S. Plans

 

Non-U.S. Plans

 

For the six months ended June 30:

 

2013

 

2012

 

2013

 

2012

 

Service cost

 

$

 

$

 

$

251

 

$

224

 

Interest cost

 

990

 

1,098

 

758

 

894

 

Expected return on plan assets

 

(1,991

)

(2,022

)

(1,091

)

(1,153

)

Amortization of prior service costs/(credits)

 

5

 

5

 

(60

)

(77

)

Recognized actuarial losses

 

895

 

665

 

798

 

515

 

Curtailments and settlements

 

 

 

 

1

 

Multi-employer plan/other costs

 

 

 

55

 

46

 

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

 

(101

)

(254

)

711

 

449

 

Cost of defined contribution plans

 

399

 

477

 

300

 

319

 

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

 

$

298

 

$

223

 

$

1,011

 

$

768

 

 

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 June 30:

 

2013

 

2012

 

2013

 

2012

 

Service cost

 

$

9

 

$

9

 

$

2

 

$

2

 

Interest cost

 

40

 

51

 

15

 

16

 

Expected return on plan assets

 

(0

)

 

(2

)

(2

)

Amortization of prior service costs/(credits)

 

 

 

(1

)

(1

)

Recognized actuarial losses

 

2

 

10

 

6

 

4

 

Total nonpension postretirement plan cost recognized in Consolidated Statement of Earnings

 

$

51

 

$

70

 

$

20

 

$

19

 

 

 

 

U.S. Plans

 

Non-U.S. Plans

 

For the six months ended June 30:

 

2013

 

2012

 

2013

 

2012

 

Service cost

 

$

17

 

$

18

 

$

5

 

$

5

 

Interest cost

 

82

 

100

 

31

 

33

 

Expected return on plan assets

 

(1

)

 

(5

)

(5

)

Amortization of prior service credits

 

 

 

(2

)

(2

)

Recognized actuarial losses

 

11

 

16

 

12

 

9

 

Curtailments and settlements

 

 

 

0

 

 

Total nonpension postretirement plan cost recognized in Consolidated Statement of Earnings

 

$

109

 

$

134

 

$

41

 

$

39