Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2011

Employee Benefits Plans [Abstract]

Funded status of pension and other postretirement benefit plans

	Pension Benefits
	2011						2010						Other Benefits
	U.S.			Int’l.			U.S.			Int’l.			2011			2010
Change in Benefit Obligation
Benefit obligation at January 1	$	10,271		$	5,070		$	9,664		$	4,715		$	3,605		$	3,065
Service cost		374			174			337			153			58			39
Interest cost		463			325			486			307			180			175
Plan participants’ contributions		–			6			–			7			148			147
Plan amendments		–			27			–			–			–			12
Actuarial loss (gain)		1,920			318			568			200			149			486
Foreign currency exchange rate changes		–			(98	)		–			(17	)		(19	)		11
Benefits paid		(863	)		(303	)		(784	)		(295	)		(346	)		(330	)
Curtailment		–			–			–			–			(10	)		–
Benefit obligation at December 31		12,165			5,519			10,271			5,070			3,765			3,605
Change in Plan Assets
Fair value of plan assets at January 1		8,579			3,503			7,304			3,235			–			–
Actual return on plan assets		(143	)		118			867			361			–			–
Foreign currency exchange rate changes		–			(66	)		–			(63	)		–			–
Employer contributions		1,147			319			1,192			258			198			183
Plan participants’ contributions		–			6			–			7			148			147
Benefits paid		(863	)		(303	)		(784	)		(295	)		(346	)		(330	)
Fair value of plan assets at December 31		8,720			3,577			8,579			3,503			–			–
Funded Status at December 31	$	(3,445	)	$	(1,942	)	$	(1,692	)	$	(1,567	)	$	(3,765	)	$	(3,605	)

Consolidated Balance Sheet for pension and other postretirement benefit plans

	Pension Benefits
	2011						2010						Other Benefits
	U.S.			Int’l.			U.S.			Int’l.			2011			2010
Deferred charges and other assets	$	5		$	116		$	7		$	77		$	–		$	–
Accrued liabilities		(72	)		(84	)		(134	)		(71	)		(222	)		(225	)
Reserves for employee benefit plans		(3,378	)		(1,974	)		(1,565	)		(1,573	)		(3,543	)		(3,380	)
Net amount recognized at December 31	$	(3,445	)	$	(1,942	)	$	(1,692	)	$	(1,567	)	$	(3,765	)	$	(3,605	)

Before tax basis amount in accumulated other comprehensive loss

	Pension Benefits
	2011					2010					Other Benefits
	U.S.			Int’l.		U.S.			Int’l.		2011			2010
Net actuarial loss	$	5,982		$	2,250	$	3,919		$	1,903	$	1,002		$	935
Prior service (credit) costs		(44	)		152		(52	)		179		(63	)		(135	)
Total recognized at December 31	$	5,938		$	2,402	$	3,867		$	2,082	$	939		$	800

Pension Plans With Accumulated Benefit Obligation In Excess Of Plan Assets

	Pension Benefits
	2011				2010
	U.S.		Int’l.		U.S.		Int’l.
Projected benefit obligations	$	12,157	$	4,207	$	10,265	$	3,668
Accumulated benefit obligations		11,191		3,586		9,528		3,113
Fair value of plan assets		8,707		2,357		8,566		2,190

Components of Net Periodic Benefit Cost and Amounts Recognized in Other Comprehensive Income

							Pension Benefits
	2011							2010						2009						Other Benefits
	U.S.			Int’l.				U.S.			Int’l.			U.S.			Int’l.			2011			2010			2009
Net Periodic Benefit Cost
Service cost	$	374		$	174			$	337		$	153		$	266		$	128		$	58		$	39		$	43
Interest cost		463			325				486			307			481			292			180			175			180
Expected return on plan assets		(613	)		(283	)			(538	)		(241	)		(395	)		(203	)		–			–			–
Amortization of prior service (credits) costs		(8	)		19				(8	)		22			(7	)		23			(72	)		(75	)		(81	)
Recognized actuarial losses		310			101				318			98			298			108			64			27			27
Settlement losses		298			–				186			6			141			1			–			–			–
Curtailment losses (gains)		–			35				–			–			–			–			(10	)		–			(5	)
Total net periodic benefit cost		824			371				781			345			784			349			220			166			164
Changes Recognized in Other Comprehensive Income
Net actuarial loss during period		2,671			448				242			118			823			194			131			497			82
Amortization of actuarial loss		(608	)		(101	)			(504	)		(104	)		(439	)		(109	)		(64	)		(27	)		(27	)
Prior service cost during period		–			27				–			–			1			13			–			12			20
Amortization of prior service credits (costs)		8			(54	)			8			(22	)		7			(23	)		72			75			81
Total changes recognized in other comprehensive income		2,071			320				(254	)		(8	)		392			75			139			557			156
Recognized in Net Periodic Benefit Cost and Other Comprehensive Income	$	2,895		$	691			$	527		$	337		$	1,176		$	424		$	359		$	723		$	320

Weighted-average assumptions used to determine benefit obligations and net periodic benefit costs

	Pension Benefits
				2011						2010						2009			Other Benefits
	U.S.			Int’l.			U.S.			Int’l.			U.S.			Int’l.			2011			2010			2009
Assumptions used to determine benefit obligations:
Discount rate		3.8	%		5.9	%		4.8	%		6.5	%		5.3	%		6.8	%		4.2	%		5.2	%		5.9	%
Rate of compensation increase		4.5	%		5.7	%		4.5	%		6.7	%		4.5	%		6.3	%		N/A			N/A			N/A
Assumptions used to determine net periodic benefit cost:
Discount rate		4.8	%		6.5	%		5.3	%		6.8	%		6.3	%		7.5	%		5.2	%		5.9	%		6.3	%
Expected return on plan assets		7.8	%		7.8	%		7.8	%		7.8	%		7.8	%		7.5	%		N/A			N/A			N/A
Rate of compensation increase		4.5	%		6.7	%		4.5	%		6.3	%		4.5	%		6.8	%		N/A			N/A			N/A

Effects of change in the assumed health care cost-trend rates

	1 Percent		1 Percent
	Increase		Decrease
Effect on total service and interest cost components	$	17	$	(15	)
Effect on postretirement benefit obligation	$	177	$	(150	)

Fair value measurements of the Company's pension plans

	U.S.										Int’l.
	Total Fair Value			Level 1			Level 2		Level 3		Total Fair Value		Level 1			Level 2		Level 3
At December 31, 2011
Equities
U.S.1	$	1,470		$	1,470		$	–	$	–	$	497	$	497		$	–	$	–
International		1,203			1,203			–		–		693		693			–		–
Collective Trusts/Mutual Funds2		2,633			14			2,619		–		596		28			568		–
Fixed Income
Government		622			146			476		–		635		25			610		–
Corporate		338			–			338		–		319		16			276		27
Mortgage-Backed Securities		107			–			107		–		2		–			–		2
Other Asset Backed		61			–			61		–		5		–			5		–
Collective Trusts/Mutual Funds2		1,046			–			1,046		–		345		61			284		–
Mixed Funds3		10			10			–		–		102		13			89		–
Real Estate4		843			–			–		843		155		–			–		155
Cash and Cash Equivalents		404			404			–		–		211		211			–		–
Other5		(17	)		(79	)		8		54		17		(2	)		17		2
Total at December 31, 2011	$	8,720		$	3,168		$	4,655	$	897	$	3,577	$	1,542		$	1,849	$	186
At December 31, 2010
Equities
U.S.1	$	2,121		$	2,121		$	–	$	–	$	465	$	465		$	–	$	–
International		1,405			1,405			–		–		721		721			–		–
Collective Trusts/Mutual Funds2		2,068			5			2,063		–		578		80			498		–
Fixed Income
Government		659			19			640		–		568		38			530		–
Corporate		314			–			314		–		351		24			299		28
Mortgage-Backed Securities		82			–			82		–		2		–			–		2
Other Asset Backed		74			–			74		–		16		–			16		–
Collective Trusts/Mutual Funds2		1,064			–			1,064		–		332		19			313		–
Mixed Funds3		9			9			–		–		105		16			89		–
Real Estate4		596			–			–		596		142		–			–		142
Cash and Cash Equivalents		213			213			–		–		217		217			–		–
Other5		(26	)		(87	)		8		53		6		(5	)		9		2
Total at December 31, 2010	$	8,579		$	3,685		$	4,245	$	649	$	3,503	$	1,575		$	1,754	$	174

1	U.S. equities include investments in the company’s common stock in the amount of $35 at December 31, 2011, and $38 at December 31, 2010.
2	Collective Trusts/Mutual Funds for U.S. plans are entirely index funds; for International plans, they are mostly index funds. For these index funds, the Level 2 designation is partially based on the restriction that advance notification of redemptions, typically two business days, is required.
3	Mixed funds are composed of funds that invest in both equity and fixed-income instruments in order to diversify and lower risk.
4	The year-end valuations of the U.S. real estate assets are based on internal appraisals by the real estate managers, which are updates of third-party appraisals that occur at least once a year for each property in the portfolio.
5	The “Other” asset class includes net payables for securities purchased but not yet settled (Level 1); dividends and interest- and tax-related receivables (Level 2); insurance contracts and investments in private-equity limited partnerships (Level 3).

The effect of fair-value measurements using significant unobservable inputs on changes in Level 3 plan assets for the period

	Fixed Income
				Mortgage-Backed
	Corporate			Securities		Real Estate		Other			Total
Total at December 31, 2009		$       18			$          2		$       610		$   52			$   682
Actual Return on Plan Assets:
Assets held at the reporting date		3			–		34		1			38
Assets sold during the period		–			–		1		–			1
Purchases, Sales and Settlements		7			–		93		2			102
Transfers in and/or out of Level 3		–			–		–		–			–
Total at December 31, 2010		$       28			$          2		$       738		$   55			$   823
Actual Return on Plan Assets:
Assets held at the reporting date		–			–		103		4			107
Assets sold during the period		–			–		1		(2	)		(1	)
Purchases, Sales and Settlements		(1	)		–		156		(1	)		154
Transfers in and/or out of Level 3		–			–		–		–			–
Total at December 31, 2011		$       27			$          2		$       998		$   56			$1,083

Benefit payments, which include estimated future service that are expected to be paid by the company in the next 10 years

	Pension Benefits				Other
	U.S.		Int’l.		Benefits
2012	$	1,053	$	268	$	223
2013	$	1,043	$	316	$	229
2014	$	1,046	$	320	$	234
2015	$	1,050	$	344	$	240
2016	$	1,062	$	375	$	245
2017–2021	$	5,261	$	2,153	$	1,287

LESOP shares

Thousands	2011		2010
Allocated shares		19,047		20,718
Unallocated shares		1,864		2,374
Total LESOP shares		20,911		23,092