Quarterly report pursuant to Section 13 or 15(d)

Pension and Postretirement Plans (Tables)

v2.4.0.8
Pension and Postretirement Plans (Tables)
 9 Months Ended
Sep. 30, 2013
Compensation and Retirement Disclosure [Abstract]  
Net Periodic benefit cost (income)
Net periodic benefit cost of the Corporation's plans for the three and nine months ended September 30, 2013 and 2012 included the following components.

Components of Net Periodic Benefit Cost
 
Three Months Ended September 30, 2013
(Dollars in millions)
Qualified Pension Plan
 
Non-U.S. Pension Plans
 
Nonqualified and Other Pension Plans (1)
 
Postretirement
Health and Life
Plans
Service cost
$
—

 
$
8

 
$
—

 
$
1

Interest cost
157

 
26

 
30

 
13

Expected return on plan assets
(258
)
 
(31
)
 
(27
)
 
(2
)
Amortization of prior service cost
—

 
—

 
—

 
1

Amortization of net actuarial loss (gain)
63

 
1

 
7

 
(16
)
Recognized loss due to settlements and curtailments
—

 
—

 
2

 
—

Net periodic benefit cost (income)
$
(38
)
 
$
4

 
$
12

 
$
(3
)
 
 
 
 
 
 
 
 
 
Three Months Ended September 30, 2012
Service cost
$
5

 
$
10

 
$
—

 
$
3

Interest cost
170

 
25

 
34

 
19

Expected return on plan assets
(313
)
 
(36
)
 
(38
)
 
(3
)
Amortization of transition obligation
—

 
—

 
—

 
15

Amortization of prior service cost
—

 
—

 
—

 
2

Amortization of net actuarial loss (gain)
116

 
(2
)
 
2

 
(21
)
Net periodic benefit cost (income)
$
(22
)
 
$
(3
)
 
$
(2
)
 
$
15

 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2013
Service cost
$
—

 
$
25

 
$
1

 
$
8

Interest cost
459

 
76

 
89

 
41

Expected return on plan assets
(763
)
 
(94
)
 
(82
)
 
(4
)
Amortization of prior service cost
—

 
—

 
—

 
3

Amortization of net actuarial loss (gain)
204

 
2

 
19

 
(26
)
Recognized loss (gain) due to settlements and curtailments
17

 
(7
)
 
2

 
—

Net periodic benefit cost (income)
$
(83
)
 
$
2

 
$
29

 
$
22

 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2012
Service cost
$
236

 
$
30

 
$
—

 
$
10

Interest cost
511

 
74

 
104

 
55

Expected return on plan assets
(934
)
 
(105
)
 
(114
)
 
(6
)
Amortization of transition obligation
—

 
—

 
—

 
31

Amortization of prior service cost (credits)
9

 
—

 
(4
)
 
4

Amortization of net actuarial loss (gain)
354

 
(6
)
 
7

 
(31
)
Recognized loss due to settlements and curtailments
58

 
—

 
4

 
—

Net periodic benefit cost (income)
$
234

 
$
(7
)
 
$
(3
)
 
$
63

(1) 
Includes nonqualified pension plans and the terminated Merrill Lynch U.S. pension plan.