Pension and Other Postretirement Benefits

3 Months Ended

Mar. 31, 2014

Pension and Other Postretirement Benefits

14. Pension and Other Postretirement Benefits

Net pension cost for the Schlumberger pension plans included the following components:

							(Stated in millions)
	First Quarter
	2014						2013
	US			Int'l			US			Int'l
Service cost - benefits earned during period	$	19		$	31		$	21		$	34
Interest cost on projected benefit obligation		41			72			37			64
Expected return on plan assets		(52	)		(113	)		(51	)		(100	)
Amortization of prior service cost		3			30			3			29
Amortization of net loss		20			20			30			37
	$	31		$	40		$	40		$	64

The net periodic benefit cost for the Schlumberger US postretirement medical plan included the following components:

	(Stated in millions)
	First Quarter
	2014			2013
Service cost - benefits earned during period	$	11		$	12
Interest cost on accumulated postretirement benefit obligation		15			15
Expected return on plan assets		(11	)		(9	)
Amortization of prior service cost		(1	)		(1	)
Amortization of net loss		1			7
	$	15		$	24