Retirement-Related Benefits (Tables)

3 Months Ended

Mar. 31, 2018

					Yr. to Yr.
(Dollars in millions)					Percent
For the three months ended March 31:	2018		2017		Change
Retirement-related plans — cost
Defined benefit and contribution pension plans — cost	$	738	$	664	11.1	%
Nonpension postretirement plans — cost	51		61		(17.2	)

Total	$	788	$	725	8.7	%

(Dollars in millions)	U.S. Plans						Non-U.S. Plans
For the three months ended March 31:	2018			2017			2018			2017
Service cost	$	—		$	—		$	104		$	101
Interest cost (1)	430			479			215			201
Expected return on plan assets (1)	(676		)	(754		)	(348		)	(317		)
Amortization of prior service costs/(credits) (1)	4			4			(21		)	(24		)
Recognized actuarial losses (1)	384			337			359			361
Curtailments and settlements (1)	—			—			0			(1		)
Multi-employer plans	—			—			10			9
Other costs (1)	—			—			7			5

Total net periodic pension (income)/cost of defined benefit plans	143			67			327			335
Cost of defined contribution plans	160			162			108			101

Total defined benefit and contribution plans cost recognized in the Consolidated Statement of Earnings	$	303		$	228		$	434		$	436

(1)

These components of net periodic pension cost are included in other (income) and expense in the Consolidated Statement of Earnings.

(Dollars in millions)	U.S. Plan						Non-U.S. Plans
For the three months ended March 31:	2018			2017			2018			2017
Service cost	$	3		$	4		$	1		$	1
Interest cost (1)	33			38			13			14
Expected return on plan assets (1)	—			—			(1		)	(2		)
Amortization of prior service costs/(credits) (1)	(2		)	(2		)	0			0
Recognized actuarial losses (1)	2			5			1			2
Curtailments and settlements (1)	—			—			0			0

Total nonpension postretirement plan cost recognized in Consolidated Statement of Earnings	$	37		$	46		$	14		$	16

(1)

These components of net periodic pension cost are included in other (income) and expense in the Consolidated Statement of Earnings.