Retirement-Related Benefits (Tables)

6 Months Ended

Jun. 30, 2016

Retirement-Related Benefits:

Pre-tax cost for all retirement-related plans

					Yr. to Yr.
(Dollars in millions)					Percent
For the three months ended June 30:	2016		2015		Change
Retirement-related plans — cost
Defined benefit and contribution pension plans — cost	$	455	$	493	(7.7	)%
Nonpension postretirement plans — cost	61		67		(9.8	)
Total	$	516	$	560	(7.9	)%

					Yr. to Yr.
(Dollars in millions)					Percent
For the six months ended June 30:	2016		2015		Change
Retirement-related plans — cost
Defined benefit and contribution pension plans — cost	$	894	$	1,242	(28.0	)%
Nonpension postretirement plans — cost	121		139		(13.0	)
Total	$	1,014	$	1,380	(26.5	)%

Components of the cost/(income) for the company's pension plans

Cost/(Income) of Pension Plans

(Dollars in millions)	U.S. Plans						Non-U.S. Plans
For the three months ended June 30:	2016			2015			2016			2015
Service cost	$	—		$	—		$	106		$	116
Interest cost	511			507			267			270
Expected return on plan assets	(922		)	(988		)	(481		)	(482		)
Amortization of prior service costs/(credits)	3			2			(27		)	(24		)
Recognized actuarial losses	324			412			359			393
Curtailments and settlements	—			—			10			3
Multi-employer plans/other costs	—			—			37			8
Total net periodic pension (income)/cost of defined benefit plans	(85		)	(67		)	271			283
Cost of defined contribution plans	161			166			108			111
Total defined benefit and contribution plans cost recognized in the Consolidated Statement of Earnings	$	76		$	99		$	379		$	394

(Dollars in millions)	U.S. Plans						Non-U.S. Plans
For the six months ended June 30:	2016			2015			2016			2015
Service cost	$	—		$	—		$	210		$	224
Interest cost	1,024			1,014			529			541
Expected return on plan assets	(1,845		)	(1,977		)	(951		)	(965		)
Amortization of prior service costs/(credits)	5			5			(52		)	(49		)
Recognized actuarial losses	657			827			706			794
Curtailments and settlements	—			—			14			7
Multi-employer plan/other costs	—			—			55			256
Total net periodic pension (income)/cost of defined benefit plans	(158		)	(131		)	512			808
Cost of defined contribution plans	326			339			215			226
Total defined benefit and contribution plans cost recognized in the Consolidated Statement of Earnings	$	167		$	208		$	727		$	1,034

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 June 30:	2016			2015			2016			2015
Service cost	$	4		$	6		$	1		$	2
Interest cost	41			40			11			13
Expected return on plan assets	—			0			(2		)	(2		)
Amortization of prior service costs/(credits)	(2		)	(2		)	(1		)	(1		)
Recognized actuarial losses	5			9			2			2
Curtailments and settlements	—			0			—			0
Total nonpension postretirement plan cost recognized in Consolidated Statement of Earnings	$	49		$	53		$	12		$	14

(Dollars in millions)	U.S. Plan						Non-U.S. Plans
For the six months ended June 30:	2016			2015			2016			2015
Service cost	$	9		$	12		$	3		$	4
Interest cost	82			82			22			27
Expected return on plan assets	—			0			(3		)	(4		)
Amortization of prior service costs/(credits)	(4		)	(4		)	(2		)	(3		)
Recognized actuarial losses	10			20			4			5
Curtailments and settlements	—			0			0			0
Total nonpension postretirement plan cost recognized in Consolidated Statement of Earnings	$	97		$	109		$	23		$	29