Retirement-Related Benefits (Tables)

9 Months Ended

Sep. 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 September 30:	2017		2016		Change
Retirement-related plans — cost
Defined benefit and contribution pension plans — cost	$	592	$	421	40.6	%
Nonpension postretirement plans — cost	61		64		(5.9	)
Total	$	653	$	486	34.4	%

					Yr. to Yr.
(Dollars in millions)					Percent
For the nine months ended September 30:	2017		2016		Change
Retirement-related plans — cost
Defined benefit and contribution pension plans — cost	$	1,915	$	1,315	45.6	%
Nonpension postretirement plans — cost	182		185		(1.6	)
Total	$	2,097	$	1,500	39.8	%

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 September 30:	2017			2016			2017			2016
Service cost	$	—		$	—		$	106		$	108
Interest cost	478			512			215			257
Expected return on plan assets	(753		)	(922		)	(340		)	(468		)
Amortization of prior service costs/(credits)	4			3			(25		)	(28		)
Recognized actuarial losses	334			328			387			357
Curtailments and settlements	—			—			2			4
Multi-employer plans/other	—			—			(74		)	8
Total net periodic pension (income)/cost of defined benefit plans	63			(79		)	271			239
Cost of defined contribution plans	156			159			102			103
Total defined benefit and contribution plans cost recognized in the Consolidated Statement of Earnings	$	219		$	79		$	373		$	342

(Dollars in millions)	U.S. Plans						Non-U.S. Plans
For the nine months ended September 30:	2017			2016			2017			2016
Service cost	$	—		$	—		$	308		$	318
Interest cost	1,435			1,536			622			787
Expected return on plan assets	(2,260		)	(2,767		)	(985		)	(1,419		)
Amortization of prior service costs/(credits)	12			8			(73		)	(79		)
Recognized actuarial losses	1,003			985			1,120			1,062
Curtailments and settlements	—			—			3			19
Multi-employer plan/other	—			—			(46		)	64
Total net periodic pension (income)/cost of defined benefit plans	190			(238		)	950			751
Cost of defined contribution plans	475			484			301			318
Total defined benefit and contribution plans cost recognized in the Consolidated Statement of Earnings	$	665		$	246		$	1,250		$	1,069

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 September 30:	2017			2016			2017			2016
Service cost	$	4		$	4		$	1		$	1
Interest cost	38			41			14			15
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			0
Total nonpension postretirement plan cost recognized in Consolidated Statement of Earnings	$	45		$	49		$	16		$	16
(Dollars in millions)	U.S. Plan						Non-U.S. Plans
For the nine months ended September 30:	2017			2016			2017			2016
Service cost	$	11		$	13		$	4		$	4
Interest cost	115			124			43			37
Expected return on plan assets	—			—			(6		)	(5		)
Amortization of prior service costs/(credits)	(6		)	(6		)	0			(4		)
Recognized actuarial losses	15			15			5			7
Curtailments and settlements	—			—			0			0
Total nonpension postretirement plan cost recognized in Consolidated Statement of Earnings	$	135		$	146		$	47		$	39