Retirement Benefits

9 Months Ended

Sep. 30, 2012

Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]

Retirement Benefits [Text Block]

Note 11: Retirement Benefits

Net pension and retiree health benefit expense included the following components:

	Defined Benefit Pension Plans
	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2012			2011			2012			2011
	(Dollars in millions)
Components of net periodic benefit cost
Service cost	$	66.7		$	57.7		$	193.8		$	174.7
Interest cost	113.0			111.8			338.7			335.8
Expected return on plan assets	(171.2		)	(171.9		)	(512.6		)	(515.2		)
Amortization of prior service cost	0.8			2.2			2.5			6.9
Recognized actuarial loss	71.4			50.4			213.3			149.2
Net periodic benefit cost	$	80.7		$	50.2		$	235.7		$	151.4

	Retiree Health Benefit Plans
	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2012			2011			2012			2011
	(Dollars in millions)
Components of net periodic benefit cost
Service cost	$	16.1		$	14.4		$	48.4		$	43.1
Interest cost	28.6			29.5			85.6			88.6
Expected return on plan assets	(31.8		)	(31.9		)	(95.4		)	(95.7		)
Amortization of prior service cost	(8.8		)	(10.7		)	(26.3		)	(32.2		)
Recognized actuarial loss	24.6			22.2			72.9			66.5
Net periodic benefit cost	$	28.7		$	23.5		$	85.2		$	70.3

On a global basis, we have contributed approximately $60 million required to satisfy minimum funding requirements to our defined benefit pension plans in 2012. In addition, we have contributed approximately $340 million of discretionary funding to our global post-retirement benefit plans in 2012. During the remainder of 2012, we expect to make contributions to our defined benefit pension plans of approximately $10 million to satisfy minimum funding requirements. We do not anticipate making any additional discretionary contributions in 2012.