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Pensions and Other Benefit Programs
3 Months Ended
Jun. 30, 2011
Notes To Condensed Consolidated Financial Statements [Abstract]  
Pensions and Other Benefit Programs

15. Pensions and Other Benefit Programs

 

Defined Benefit Pension Plans

The components of net periodic benefit cost for defined benefit pension plans for the three and six months ended June 30, 2011 and 2010 are as follows:

 United States Foreign
 Three Months Ended June 30, Three Months Ended June 30,
 2011 2010 2011 2010
Service cost $ 4,702 $ 5,825 $ 1,929 $ 1,719
Interest cost   21,931   22,253   7,198   6,699
Expected return on plan assets   (31,711)   (30,513)   (8,088)   (7,032)
Amortization of transition credit -  -   (2)   (2)
Amortization of prior service cost (credit)  37   (657)   44   70
Recognized net actuarial loss  9,347   8,046   2,787   2,458
Settlement -   559  -  -
Special termination benefits (1)  368  -   10  -
Curtailment (1)  394  -   224  -
Net periodic benefit cost$ 5,068 $ 5,513 $ 4,102 $ 3,912
            
 United States Foreign
 Six Months Ended June 30, Six Months Ended June 30,
 2011 2010 2011 2010
Service cost $ 9,725 $ 11,542 $ 3,814 $ 3,494
Interest cost   43,870   45,049   14,255   13,628
Expected return on plan assets   (61,529)   (61,548)   (16,033)   (14,270)
Amortization of transition credit -  -   (4)   (4)
Amortization of prior service cost (credit)  73   (1,289)   88   139
Recognized net actuarial loss  18,761   16,118   5,525   5,001
Settlement -   3,440  -  -
Special termination benefits (1)  760  -   10  -
Curtailment (1)  2,096  -   224  -
Net periodic benefit cost$ 13,756 $ 13,312 $ 7,879 $ 7,988

(1) Amounts charged to restructuring. See Note 11 for further information.

 

Through June 30, 2011, we contributed $127 million and $12 million to our U.S. and foreign pension plans, respectively, which includes a special contribution of $123 million to our U.S. plan. We will continue to assess our funding alternatives as the year progresses.

 

Nonpension Postretirement Benefit Plans

The components of net periodic benefit cost for nonpension postretirement benefit plans for the three and six months ended June 30, 2011 and 2010 are as follows:

 Three Months Ended June 30, Six Months Ended June 30,
 2011 2010 2011 2010
Service cost $ 796 $ 932 $ 1,667 $ 1,862
Interest cost   3,300   3,514   6,771   6,912
Amortization of prior service credit   (687)   (627)   (1,252)   (1,255)
Amortization of net loss   1,839   1,734   3,833   3,397
Special termination benefits (1)  46  -   113  -
Curtailment (1)  386  -   1,236  -
Net periodic benefit cost$ 5,680 $ 5,553 $ 12,368 $ 10,916

(1) Amounts charged to restructuring. See Note 11 for further information.

 

Contributions for benefit payments were $8 million and $6 million for the three months ended June 30, 2011 and 2010, respectively, and $15 million and $13 million for the six months ended June 30, 2011 and 2010, respectively.