Benefit Plans

9 Months Ended

Sep. 30, 2014

Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure

Benefit Plans

NOTE 10. Benefit Plans

		Qualified Plan				Nonqualified Plans
Three Months Ended September 30		2014		2013		2014		2013
		(Dollars in millions)
Service cost		$	31	$	32	$	2	$	2
Interest cost			31		27		5		2
Estimated return on plan assets			(74)		(65)		―		―
Amortization and other			2		20		3		3
	Net periodic benefit cost	$	(10)	$	14	$	10	$	7

		Qualified Plan				Nonqualified Plans
Nine Months Ended September 30		2014			2013	2014		2013
		(Dollars in millions)
Service cost		$	96	$	106	$	8	$	8
Interest cost			93		81		12		9
Estimated return on plan assets			(222)		(193)		―		―
Amortization and other			3		60		9		9
	Net periodic benefit cost	$	(30)	$	54	$	29	$	26

BB&T makes contributions to the qualified pension plan in amounts between the minimum required for funding and the maximum amount deductible for federal income tax purposes. Discretionary contributions of $143 million were made during the nine months ended September 30, 2014. There are no required contributions for the remainder of 2014, though BB&T may elect to make additional contributions.