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EMPLOYEE BENEFITS (Tables)
3 Months Ended
Mar. 31, 2012
EMPLOYEE BENEFITS  
Components of net periodic benefit cost

 

 

   
 
  Pension   Postretirement  
(in millions)
  Non-U.S.
Plans

  U.S.
Plans

  Total
  Non-U.S.
Plans

  U.S.
Plans

  Total
 
   

Three Months Ended March 31, 2012

                                     

Components of net periodic benefit cost:

                                     

Service cost

  $ 13   $ 37   $ 50   $ 1   $ 1   $ 2  

Interest cost

    8     50     58     -     3     3  

Expected return on assets

    (5 )   (60 )   (65 )   -     -     -  

Amortization of prior service (credit) cost

    (1 )   (8 )   (9 )   -     (3 )   (3 )

Amortization of net (gain) loss

    4     29     33     -     -     -  
   

Net periodic benefit cost

  $ 19   $ 48   $ 67   $ 1   $ 1   $ 2  
   

Three Months Ended March 31, 2011

                                     

Components of net periodic benefit cost:

                                     

Service cost

  $ 22   $ 37   $ 59   $ 1   $ 2   $ 3  

Interest cost

    11     52     63     1     4     5  

Expected return on assets

    (7 )   (63 )   (70 )   -     -     -  

Amortization of prior service (credit) cost

    (2 )   -     (2 )   -     -     -  

Amortization of net (gain) loss

    6     11     17     -     -     -  
   

Net periodic benefit cost

  $ 30   $ 37   $ 67   $ 2   $ 6   $ 8  
   

Amount associated with discontinued operations

  $ 10   $ -   $ 10   $ 1   $ -   $ 1