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Pension and Postretirement Benefit Plans (Tables)
3 Months Ended
Mar. 31, 2013
Compensation and Retirement Disclosure [Abstract]  
Schedule of Net Periodic Benefit Costs
The following table provides the components of net periodic benefit cost:
 
 
Pension Plans
 
 
 
 
U.S.
Qualified(a)
 
U.S.
Supplemental
(Non-Qualified)(b)
 
International(c)
 
Postretirement
Plans
(MILLIONS OF DOLLARS)
 
March 31,
2013

 
April 1,
2012

 
March 31,
2013

 
April 1,
2012

 
March 31,
2013

 
April 1,
2012

 
March 31,
2013

 
April 1,
2012

Three Months Ended
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net periodic benefit cost:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Service cost
 
$
77

 
$
96

 
$
7

 
$
10

 
$
56

 
$
53

 
$
16

 
$
18

Interest cost
 
168

 
183

 
14

 
17

 
97

 
101

 
42

 
46

Expected return on plan assets
 
(253
)
 
(245
)
 

 

 
(104
)
 
(105
)
 
(14
)
 
(9
)
Amortization of:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Actuarial losses
 
90

 
80

 
13

 
11

 
37

 
18

 
11

 
8

Prior service credits
 
(2
)
 
(3
)
 
(1
)
 
(1
)
 
(2
)
 
(2
)
 
(11
)
 
(12
)
Curtailments and settlements––net
 
29

 
44

 
22

 
13

 
3

 
(10
)
 
(7
)
 
(11
)
Special termination benefits
 

 
5

 

 
10

 

 
2

 

 
2


 
$
109

 
$
160

 
$
55

 
$
60

 
$
87

 
$
57

 
$
37

 
$
42

(a) 
The decrease in net periodic benefit costs for the three months ended March 31, 2013, compared to the three months ended April 1, 2012, for our U.S. qualified plans was primarily driven by lower service cost resulting from the decision in 2012 to freeze the defined benefit plans in the U.S. and Puerto Rico, lower settlement activity and greater expected return on plan assets resulting from a higher plan asset base. Also, the decrease in the discount rate resulted in lower interest costs, as well as an increase in the amounts amortized for actuarial losses.
(b) 
The decrease in net periodic benefit costs for the three months ended March 31, 2013, compared to the three months ended April 1, 2012, for our U.S. supplemental (non-qualified) pension plans was primarily driven by special termination benefits in 2012 and lower service cost resulting from the decision in 2012 to freeze the defined benefit plans in the U.S. and Puerto Rico, partially offset by higher settlement activity.
(c) 
The increase in net periodic benefit costs for the three months ended March 31, 2013, compared to the three months ended April 1, 2012, for our international pension plans was primarily driven by an increase in the amounts amortized for actuarial losses resulting from decreases in discount rates and the curtailment gain in our German plans in 2012.