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PENSION AND OTHER POSTRETIREMENT BENEFITS | 6 Months Ended
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Apr. 30, 2014
PENSION AND OTHER POSTRETIREMENT BENEFITS |
PENSION AND OTHER POSTRETIREMENT BENEFITS | (7) The Company has several defined benefit pension plans and defined postretirement health care and life insurance plans covering its U.S. employees and employees in certain foreign countries. The worldwide components of net periodic pension cost consisted of the following in millions of dollars:
|  | Three Months Ended April 30 |  | Six Months Ended April 30
|  | 2014 |  | 2013 |  | 2014 |  | 2013
Service cost |  | $ | 62 |  |  | $ | 69 |  |  | $ | 123 |  |  | $ | 136 |
Interest cost |  | 120 |  |  | 112 |  |  | 239 |  |  | 222 |
Expected return on plan assets |  | (193 | ) |  | (196 | ) |  | (386 | ) |  | (390 | )
Amortization of actuarial loss |  | 43 |  |  | 63 |  |  | 86 |  |  | 128 |
Amortization of prior service cost |  | 6 |  |  | 8 |  |  | 12 |  |  | 16 |
Settlements/curtailments |  | 4 |  |  | 1 |  |  | 6 |  |  | 1 |
Net cost |  | $ | 42 |  |  | $ | 57 |  |  | $ | 80 |  |  | $ | 113 |
The worldwide components of net periodic postretirement benefits cost (health care and life insurance) consisted of the following in millions of dollars:
|  | Three Months Ended April 30 |  | Six Months Ended April 30
|  | 2014 |  | 2013 |  | 2014 |  | 2013
Service cost |  | $ | 11 |  |  | $ | 15 |  |  | $ | 22 |  |  | $ | 29 |
Interest cost |  | 65 |  |  | 63 |  |  | 131 |  |  | 127 |
Expected return on plan assets |  | (17 | ) |  | (21 | ) |  | (35 | ) |  | (42 | )
Amortization of actuarial loss |  | 8 |  |  | 34 |  |  | 17 |  |  | 70 |
Amortization of prior service credit |  | (1 | ) |  | (1 | ) |  | (2 | ) |  | (2 | )
Net cost |  | $ | 66 |  |  | $ | 90 |  |  | $ | 133 |  |  | $ | 182 |
During the first six months of 2014, the Company contributed approximately $47 million to its pension plans and $18 million to its other postretirement benefit plans. The Company presently anticipates contributing an additional $43 million to its pension plans and $9 million to its other postretirement benefit plans during the remainder of fiscal year 2014. These contributions include payments from Company funds to either increase plan assets or make direct payments to plan participants.

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- Definition The entire disclosure for pension and other postretirement benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 + Details
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