3M 2012 Annual Report Download - page 87

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Components of net periodic cost and other amounts recognized in other comprehensive income
Qualified and Non-qualified
Pension Benefits
Postretirement
United States
International
Benefits
(Millions)
2012
2011
2010
2012
2011
2010
2012
2011
2010
Net periodic benefit cost (benefit)
Service cost
$
254
$
206
$
201
$
124
$
124
$
105
$
78
$
61
$
55
Interest cost
587
626
638
247
261
241
86
92
88
Expected return on plan assets
(992)
(927)
(929)
(295)
(289)
(278)
(84)
(77)
(83)
Amortization of transition
(asset) obligation
―
―
―
(1)
(2)
1
―
―
―
Amortization of prior service
cost (benefit)
5
11
13
(17)
(14)
(4)
(72)
(72)
(94)
Amortization of net actuarial (gain)
loss
470
334
221
122
116
84
108
102
85
Net periodic benefit cost (benefit)
$
324
$
250
$
144
$
180
$
196
$
149
$
116
$
106
$
51
Settlements, curtailments, special
termination benefits and other
26
1
―
4
2
(22)
―
―
―
Net periodic benefit cost (benefit)
after settlements, curtailments,
special termination benefits
and other
$
350
$
251
$
144
$
184
$
198
$
127
$
116
$
106
$
51
Other changes in plan assets and
benefit obligations recognized in
other comprehensive (income)
loss
Transition (asset) obligation
$
―
$
―
$
―
$
―
$
(2)
$
(1)
$
―
$
―
$
―
Amortization of transition (asset)
obligation
―
―
―
1
2
(1)
―
―
―
Prior service cost (benefit)
―
8
―
(7)
(32)
(91)
―
―
69
Amortization of prior service cost
(benefit)
(5)
(11)
(13)
17
14
4
72
72
94
Net actuarial (gain) loss
(470)
1,976
227
707
315
104
(33)
212
89
Amortization of net actuarial (gain)
loss
(470)
(334)
(221)
(122)
(116)
(84)
(108)
(102)
(85)
Foreign currency
―
―
―
24
(17)
(19)
(1)
(2)
(1)
Total recognized in other
$
(945)
$
620
$
(70)
Total recognized in net periodic
benefit cost (benefit) and other
$
(595)
$
804
$
46
Amounts expected to be amortized from accumulated other comprehensive income into net periodic benefit
costs over the next fiscal year
Pension Benefits
Postretirement
(Millions)
United States
International
Benefits
Amortization of transition (asset) obligation
$
―
$
(1)
$
―
Amortization of prior service cost (benefit)
5
(17)
(66)
Amortization of net actuarial (gain) loss
399
159
96
Total amortization expected over the next fiscal year
$
404
$
141
$
30