Retirement-Related Benefits (Tables)

3 Months Ended

Mar. 31, 2019

					Yr. to Yr.
(Dollars in millions)					Percent
For the three months ended March 31:	2019		2018		Change
Retirement-related plans — cost
Defined benefit and contribution pension plans — cost	$	437	$	738	(40.8	)%
Nonpension postretirement plans — cost	54		51		6.4

Total	$	491	$	788	(37.7	)%

(Dollars in millions)	U.S. Plans						Non-U.S. Plans
For the three months ended March 31:	2019			2018			2019			2018
Service cost	$	—		$	—		$	93		$	104
Interest cost (1)	472			430			208			215
Expected return on plan assets (1)	(650		)	(676		)	(399		)	(348		)
Amortization of prior service costs/(credits) (1)	4			4			(6		)	(21		)
Recognized actuarial losses (1)	140			384			314			359
Curtailments and settlements (1)	—			—			1			0
Multi-employer plans	—			—			9			10
Other costs/(credits) (1)	—			—			5			7

Total net periodic pension (income)/cost of defined benefit plans	$	(34	)	$	143		$	223		$	327
Cost of defined contribution plans	149			160			98			108

Total defined benefit and contribution pension plans cost recognized in the Consolidated Statement of Earnings	$	115		$	303		$	322		$	434

(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:	2019			2018			2019			2018
Service cost	$	3		$	3		$	1		$	1
Interest cost (1)	36			33			12			13
Expected return on plan assets (1)	—			—			(1		)	(1		)
Amortization of prior service costs/(credits) (1)	(1		)	(2		)	0			0
Recognized actuarial losses (1)	1			2			3			1
Curtailments and settlements (1)	—			—			0			0

Total nonpension postretirement plans cost recognized in Consolidated Statement of Earnings	$	39		$	37		$	15		$	14

(1)

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