3M 2011 Annual Report Download - page 86

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80
Components of net periodic benefit cost and other supplemental information for the years ended December 31
follow:
Components of net periodic benefit cost and other amounts recognized in other comprehensive income
Qualified and Non-qualified
Pension Benefits Postretirement
United States International Benefits
(Millions) 2011 2010 2009 2011 2010 2009 2011 2010 2009
Net periodic benefit cost (benefit)
Service cost ..................................
$ 206
$ 201 $ 183
$ 124
$ 105 $ 98
$ 61 $ 55 $ 51
Interest cost ..................................
626
638 619
261
241 235
92 88 97
Expected return on plan assets ..... (927 ) (929 ) (906 ) (289 ) (278 ) (260 ) (77) (83 ) (86 )
Amortization of transition
(asset) obligation .......................
—
— —
(2 ) 1 3
—
—
—
Amortization of prior service
cost (benefit) .............................
11
13 16
(14 ) (4 ) (4 ) (72) (94 ) (81 )
Amortization of net actuarial (gain)
loss ............................................
334
221 99
116
84 42
102 85 66
Net periodic benefit cost (benefit) ..... $ 250
$ 144 $ 11
$ 196
$ 149 $ 114
$ 106 $ 51 $ 47
Settlements, curtailments, special
termination benefits and other ...... 1
— 26
2
(22 ) 25
—
—
—
Net periodic benefit cost (benefit)
after settlements, curtailments,
special termination benefits
and other .......................................
$ 251
$ 144 $ 37
$ 198
$ 127 $ 139
$ 106 $ 51 $ 47
Other changes in plan assets and
benefit obligations recognized in
other comprehensive (income)
loss
Transition (asset) obligation ..........
$ —
$ — $ —
$ (2 ) $ (1 ) $ (2 ) $
—
$
—
$
—
Amortization of transition (asset)
obligation .................................... — —
—
2
(1 ) (3 )
—
—
—
Prior service cost (benefit) ............. 8 — —
(32 ) (91 ) 19
—
69 (169 )
Amortization of prior service cost
(benefit) ...................................... (11 ) (13 ) (16 ) 14 4 4
72 94 81
Net actuarial (gain) loss ................. 1,976
227 585
315
104 224
212 89 36
Amortization of net actuarial (gain)
loss ............................................. (334 ) (221 ) (99 ) (116 ) (84 ) (42 ) (102) (85 ) (66 )
Foreign currency ............................ — —
—
(17 ) (19 ) (101 ) (2) (1 ) (1 )
Total recognized in other
comprehensive (income) loss ........ $ 1,639
$ (7 ) $ 470
$ 164
$ (88 ) $ 99
$ 180 $ 166 $ (119 )
Total recognized in net periodic
benefit cost (benefit) and other
comprehensive (income) loss ........ $ 1,890
$ 137 $ 507
$ 362
$ 39 $ 238
$ 286 $ 217 $ (72 )
The estimated amortization from accumulated other comprehensive income into net periodic benefit cost in 2012
follows:
Amounts expected to be amortized from accumulated other comprehensive income into net periodic benefit
costs over next fiscal year
Qualified and Non-qualified
Pension Benefits Postretirement
(Millions) United States International Benefits
A
mortization of transition (asset) obligation ...................... $ — $ (2) $ —
A
mortization of prior service cost (benefit) ........................ 6 (17) (72 )
A
mortization of net actuarial (gain) loss ............................ 470 120 109
Total amortization expected over the next fiscal year ....... $ 476 $ 101 $ 37