Retirement-Related Benefits (Tables)

3 Months Ended

Mar. 31, 2017

Retirement-Related Benefits:

Pre-tax cost for all retirement-related plans

					Yr. to Yr.
(Dollars in millions)					Percent
For the three months ended March 31:	2017		2016		Change
Retirement-related plans — cost
Defined benefit and contribution pension plans — cost	$	664	$	439	51.3	%
Nonpension postretirement plans — cost	61		60		2.3
Total	$	725	$	499	45.4	%

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

(Dollars in millions)	U.S. Plans						Non-U.S. Plans
For the three months ended March 31:	2017			2016			2017			2016
Service cost	$	—		$	—		$	101		$	104
Interest cost	479			513			201			262
Expected return on plan assets	(754		)	(922		)	(317		)	(470		)
Amortization of prior service costs/(credits)	4			3			(24		)	(25		)
Recognized actuarial losses	337			333			361			347
Curtailments and settlements	—			—			(1		)	5
Multi-employer plans/other costs	—			—			14			18
Total net periodic pension (income)/cost of defined benefit plans	67			(74		)	335			241
Cost of defined contribution plans	162			165			101			106
Total defined benefit and contribution plans cost recognized in the Consolidated Statement of Earnings	$	228		$	91		$	436		$	348

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

(Dollars in millions)	U.S. Plan						Non-U.S. Plans
For the three months ended March 31:	2017			2016			2017			2016
Service cost	$	4		$	5		$	1		$	1
Interest cost	38			41			14			10
Expected return on plan assets	—			—			(2		)	(1		)
Amortization of prior service costs/(credits)	(2		)	(2		)	0			(1		)
Recognized actuarial losses	5			5			2			2
Curtailments and settlements	—			—			0			—
Total nonpension postretirement plan cost recognized in Consolidated Statement of Earnings	$	46		$	49		$	16		$	11