Quarterly report pursuant to Section 13 or 15(d)

Employee Benefit Plans (Tables)

v2.4.0.8
Employee Benefit Plans (Tables)
6 Months Ended
Jun. 30, 2013
Pension and Other Postretirement Benefit Expense [Abstract]  
Schedule of Net Benefit Costs
The net periodic benefit (income) cost of the U.S. defined benefit pension plans, non-U.S. defined benefit pension plans and postretirement plans sponsored by Merrill Lynch for the three and six months ended June 30, 2013 and 2012 included the following components:

(dollars in millions)
 
 
 
 
 
Three Months Ended June 30, 2013
 
Six Months Ended June 30, 2013
 
U.S. Defined
Benefit
Pension Plans
Non-U.S. Defined
Benefit
Pension Plans
Postretirement
Plans(1)
 
U.S. Defined
Benefit
Pension Plans
Non-U.S. Defined
Benefit
Pension Plans
Postretirement
Plans(1)
Service cost
$

$
8

$
1

 
$

$
16

$
2

Interest cost
19

21

2

 
39

43

5

Expected return on plan assets
(27
)
(27
)

 
(55
)
(55
)

Amortization of prior service cost


1

 


2

Amortization of net actuarial losses (gains)
3


(1
)
 
6

1

(2
)
Recognized gain due to settlements and curtailments



 

(7
)

Net periodic benefit (income) cost
$
(5
)
$
2

$
3

 
$
(10
)
$
(2
)
$
7

(1)Approximately 93% of the postretirement benefit obligation at June 30, 2013 relates to the U.S. postretirement plan.