Quarterly report pursuant to Section 13 or 15(d)

Pension and Postretirement Plans (Tables)

v2.4.0.6
Pension and Postretirement Plans (Tables)
6 Months Ended
Jun. 30, 2012
Compensation and Retirement Disclosure [Abstract]  
Net Periodic benefit cost (income)
Net periodic benefit cost of the Corporation’s plans for the three and six months ended June 30, 2012 and 2011 included the following components.

Components of Net Periodic Benefit Cost
 
Three Months Ended June 30, 2012
(Dollars in millions)
Qualified Pension Plans
 
Non-U.S. Pension Plans
 
Nonqualified and Other Pension Plans (1)
 
Postretirement
Health and Life
Plans
Service cost
$
117

 
$
10

 
$

 
$
3

Interest cost
169

 
25

 
35

 
18

Expected return on plan assets
(312
)
 
(35
)
 
(38
)
 
(1
)
Amortization of transition obligation

 

 

 
8

Amortization of prior service cost (credits)
4

 

 
(2
)
 
1

Amortization of net actuarial loss (gain)
115

 
(2
)
 
2

 
(5
)
Recognized loss due to settlements and curtailments

 

 
1

 

Net periodic benefit cost
$
93

 
$
(2
)
 
$
(2
)
 
$
24

 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2012
Service cost
$
231

 
$
20

 
$

 
$
7

Interest cost
341

 
49

 
70

 
36

Expected return on plan assets
(621
)
 
(69
)
 
(76
)
 
(3
)
Amortization of transition obligation

 

 

 
16

Amortization of prior service cost (credits)
9

 

 
(4
)
 
2

Amortization of net actuarial loss (gain)
238

 
(4
)
 
5

 
(10
)
Recognized loss due to settlements and curtailments
58

 

 
4

 

Net periodic benefit cost
$
256

 
$
(4
)
 
$
(1
)
 
$
48

 
 
 
 
 
 
 
 
 
Three Months Ended June 30, 2011
Service cost
$
104

 
$
10

 
$
1

 
$
3

Interest cost
185

 
23

 
37

 
19

Expected return on plan assets
(324
)
 
(27
)
 
(35
)
 
(2
)
Amortization of transition obligation

 

 

 
8

Amortization of prior service cost (credits)
4

 

 
(2
)
 

Amortization of net actuarial loss (gain)
93

 

 
3

 
(10
)
Recognized loss due to settlements and curtailments

 

 
3

 

Net periodic benefit cost
$
62

 
$
6

 
$
7

 
$
18

 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2011
Service cost
$
212

 
$
21

 
$
1

 
$
7

Interest cost
373

 
48

 
76

 
40

Expected return on plan assets
(649
)
 
(56
)
 
(70
)
 
(4
)
Amortization of transition obligation

 

 

 
16

Amortization of prior service cost (credits)
10

 

 
(4
)
 
2

Amortization of net actuarial loss (gain)
194

 

 
8

 
(9
)
Recognized loss due to settlements and curtailments

 

 
3

 

Net periodic benefit cost
$
140

 
$
13

 
$
14

 
$
52

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