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Benefit Plans (Tables)
 6 Months Ended
Jun. 30, 2014
Postretirement Benefit Plans
  
Components of Net Costs

Net postretirement health care costs during the three and six months ended June 30, 2014 and 2013 consisted of:

 

                                                                           
     For the Three Months Ended     For the Six Months Ended  
     June 30,     June 30,  
     2014     2013     2014     2013  
     (in millions)  

Service cost

    $ 3      $ 4      $ 6      $ 8   

Interest cost

      6        4        11        9   

Amortization:

         

Net loss from experience differences

      1        3        3        6   

Prior service credit

      (2 )      (3 )      (5 )      (6 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Net postretirement health care costs

    $ 8      $ 8      $ 15      $ 17   
  

 

 

    

 

 

    

 

 

    

 

 

  
Postemployment Benefit Plans
  
Components of Net Costs

Net postemployment costs during the three and six months ended June 30, 2014 and 2013 consisted of:

 

                                                                           
     For the Three Months Ended      For the Six Months Ended  
     June 30,      June 30,  
     2014      2013      2014      2013  
     (in millions)  

Service cost

    $ 2       $ 2       $ 4       $ 4   

Interest cost

      1         2         3         3   
  

 

 

     

 

 

     

 

 

     

 

 

  

Net postemployment costs

    $ 3       $ 4       $ 7       $ 7   
  

 

 

     

 

 

     

 

 

     

 

 

  
Pension Plans
  
Components of Net Costs

Net periodic pension cost for the three and six months ended June 30, 2014 and 2013 consisted of:

 

                                                                           
     U.S. Plans     Non-U.S. Plans  
     For the Three Months Ended June 30,  
     2014     2013     2014     2013  
     (in millions)  

Service cost

    $ 13      $ 19      $ 45      $ 43   

Interest cost

      16        15        100        88   

Expected return on plan assets

      (20 )      (17 )      (125 )      (107 ) 

Amortization:

         

Net loss from experience differences

      7        13        27        33   

Prior service cost

      1        –        1        1   

Settlement losses(1)

      4        2        5        –   
  

 

 

    

 

 

    

 

 

    

 

 

  

Net periodic pension cost

    $ 21      $ 32      $ 53      $ 58   
  

 

 

    

 

 

    

 

 

    

 

 

  

 

                                                                           
     U.S. Plans     Non-U.S. Plans  
     For the Six Months Ended June 30,  
     2014     2013     2014     2013  
     (in millions)  

Service cost

    $ 28      $ 36      $ 89      $ 86   

Interest cost

      33        30        197        177   

Expected return on plan assets

      (40 )      (34 )      (248 )      (215 ) 

Amortization:

         

Net loss from experience differences

      15        27        54        68   

Prior service cost

      1        1        1        1   

Settlement losses(1)

      6        5        10        –   
  

 

 

    

 

 

    

 

 

    

 

 

  

Net periodic pension cost

    $ 43      $ 65      $ 103      $ 117   
  

 

 

    

 

 

    

 

 

    

 

 

  

 

  (1) Includes settlement losses of $9 million in the three and six months ended June 30, 2013 related to employees who elected to take lump-sum payments in connection with our 2012-2014 Restructuring Program. These costs are reflected within asset impairments and exit costs on the condensed consolidated statement of earnings and within the charges for severance and related costs in Note 6, Restructuring Programs – 2012-2014 Restructuring Program. In the six months ended June 30, 2013, these were partially offset by $4 million of gains due to improvements in current market rates for routine settlement losses.