Retirement-Related Benefits (Tables)

6 Months Ended

Jun. 30, 2017

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:	2017		2016		Change
Retirement-related plans — cost
Defined benefit and contribution pension plans — cost	$	659	$	455	44.9	%
Nonpension postretirement plans — cost	60		61		(0.9	)
Total	$	719	$	516	39.5	%

					Yr. to Yr.
(Dollars in millions)					Percent
For the six months ended June 30:	2017		2016		Change
Retirement-related plans — cost
Defined benefit and contribution pension plans — cost	$	1,323	$	894	48.0	%
Nonpension postretirement plans — cost	121		121		0.7
Total	$	1,444	$	1,014	42.4	%

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 June 30:	2017			2016			2017			2016
Service cost	$	—		$	—		$	101		$	106
Interest cost	478			511			206			267
Expected return on plan assets	(753		)	(922		)	(327		)	(481		)
Amortization of prior service costs/(credits)	4			3			(24		)	(27		)
Recognized actuarial losses	331			324			371			359
Curtailments and settlements	—			—			3			10
Multi-employer plans/other costs	—			—			14			37
Total net periodic pension (income)/cost of defined benefit plans	60			(85		)	344			271
Cost of defined contribution plans	158			161			97			108
Total defined benefit and contribution plans cost recognized in the Consolidated Statement of Earnings	$	218		$	76		$	442		$	379

(Dollars in millions)	U.S. Plans						Non-U.S. Plans
For the six months ended June 30:	2017			2016			2017			2016
Service cost	$	—		$	—		$	202		$	210
Interest cost	957			1,024			406			529
Expected return on plan assets	(1,507		)	(1,845		)	(644		)	(951		)
Amortization of prior service costs/(credits)	8			5			(48		)	(52		)
Recognized actuarial losses	668			657			733			706
Curtailments and settlements	—			—			1			14
Multi-employer plan/other costs	—			—			29			55
Total net periodic pension (income)/cost of defined benefit plans	127			(158		)	679			512
Cost of defined contribution plans	319			326			198			215
Total defined benefit and contribution plans cost recognized in the Consolidated Statement of Earnings	$	446		$	167		$	877		$	727

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 June 30:	2017			2016			2017			2016
Service cost	$	3		$	4		$	1		$	1
Interest cost	38			41			14			11
Expected return on plan assets	—			—			(2		)	(2		)
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	$	45		$	49		$	16		$	12

(Dollars in millions)	U.S. Plan						Non-U.S. Plans
For the six months ended June 30:	2017			2016			2017			2016
Service cost	$	7		$	9		$	3		$	3
Interest cost	77			82			29			22
Expected return on plan assets	—			—			(4		)	(3		)
Amortization of prior service costs/(credits)	(4		)	(4		)	0			(2		)
Recognized actuarial losses	10			10			3			4
Curtailments and settlements	—			—			0			0
Total nonpension postretirement plan cost recognized in Consolidated Statement of Earnings	$	90		$	97		$	31		$	23