XML 67 R24.htm IDEA: XBRL DOCUMENT v2.3.0.15
Pension Plans and Other Postretirement Benefits
9 Months Ended
Sep. 30, 2011
Disclosure Text Block [Abstract] 
Pension Plans and Other Postretirement Benefits

15.  Pension Plans and Other Postretirement Benefits

 

       The Company has non-contributory U.S. defined-benefit pension plans, including both qualified and supplemental plans, and a foreign contributory defined-benefit pension plan. The Company also provides certain health care and life insurance benefits for certain retired employees. Retiree health care benefits are generally funded by contributions from the retiree, and in certain circumstances, contributions from the Company. The Company's retiree life insurance plan is noncontributory.

       During the nine months ended September 30, 2011, the Company made contributions of $269 million to its funded pension plans, $8 million to its unfunded pension plans, and $13 million to its unfunded other postretirement benefit plans. Contributions to funded plans increase plan assets while contributions to unfunded plans are used to fund current benefit payments. During the remainder of 2011, the Company expects to contribute approximately $3 million to its funded pension plans, approximately $21 million to its unfunded pension plans, and approximately $5 million to its unfunded other postretirement benefit plans.

       The following sets forth the Company's pension and other postretirement benefit costs.

  Pension Benefits Other Benefits
  Three Months Ended Three Months Ended
  September 30, September 30,
millions2011 2010 2011 2010
Components of net periodic benefit cost           
Service cost$20 $17 $3 $3
Interest cost 21  21  4  4
Expected return on plan assets (21)  (21)  —  —
Amortization of net actuarial loss (gain) 22  14  —  (1)
Amortization of net prior service cost (credit) —  1  —  —
Net periodic benefit cost$42 $32 $7 $6

  Pension Benefits Other Benefits
  Nine Months Ended Nine Months Ended
  September 30, September 30,
millions2011 2010 2011 2010
Components of net periodic benefit cost           
Service cost$59 $52 $7 $7
Interest cost 64  63  12  12
Expected return on plan assets (64)  (62)  —  —
Amortization of net actuarial loss (gain) 64  49  —  (2)
Amortization of net prior service cost (credit) 1  2  —  (1)
Net periodic benefit cost$124 $104 $19 $16