3M 2010 Annual Report Download - page 85

Download and view the complete annual report

Please find page 85 of the 2010 3M annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 132

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132

79
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)
2010
2009
2008
2010
2009
2008
2010
2009
2008
Net periodic benefit cost (benefit)
Service cost ..................................
$
201
$
183
$
192
$
105
$
98
$
120
$
55
$
51
$
53
Interest cost ..................................
638
619
597
241
235
252
88
97
100
Expected return on plan assets .....
(929
)
(906
)
(889
)
(278
)
(260
)
(305
)
(83
)
(86
)
(104
)
Amortization of transition
(asset) obligation .......................
—
—
—
1
3
3
—
—
—
Amortization of prior service
cost (benefit) .............................
13
16
15
(4
)
(4
)
(2
)
(94
)
(81
)
(97
)
Amortization of net actuarial (gain)
loss ............................................
221
99
58
84
42
38
85
66
64
Net periodic benefit cost (benefit) .....
$
144
$
11
$
(27
)
$
149
$
114
$
106
$
51
$
47
$
16
Settlements, curtailments, special
termination benefits and other ......
—
26
7
(22
)
25
3
—
—
—
Net periodic benefit cost (benefit)
after settlements, curtailments,
special termination benefits
and other .......................................
$
144
$
37
$
(20
)
$
127
$
139
$
109
$
51
$
47
$
16
Other changes in plan assets and
benefit obligations recognized in
other comprehensive (income)
loss
Transition (asset) obligation ..........
$
—
$
—
$
—
$
(1
)
$
(2
)
$
(1
)
$
—
$
—
$
—
Amortization of transition (asset)
obligation ....................................
—
—
—
(1
)
(3
)
(3
)
—
—
—
Prior service cost (benefit) .............
—
—
9
(91
)
19
(37
)
69
(169
)
(148
)
Amortization of prior service cost
(benefit) ......................................
(13
)
(16
)
(15
)
4
4
2
94
81
97
Net actuarial (gain) loss .................
227
585
2,337
104
224
622
89
36
385
Amortization of net actuarial (gain)
loss .............................................
(221
)
(99
)
(58
)
(84
)
(42
)
(38
)
(85
)
(66
)
(64
)
Foreign currency ............................
—
—
—
(19
)
(101
)
202
(1
)
(1
)
2
Total recognized in other
comprehensive (income) loss ........
$
(7
)
$
470
$
2,273
$
(88
)
$
99
$
747
$
166
$
(119
)
$
272
Total recognized in net periodic
benefit cost (benefit) and other
comprehensive (income) loss ........
$
137
$
507
$
2,253
$
39
$
238
$
856
$
217
$
(72
)
$
288
The estimated amortization from accumulated other comprehensive income into net periodic benefit cost in 2011
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
Amortization of transition (asset) obligation ..................................
$
—
$
(1
)
$
—
Amortization of prior service cost (benefit) ....................................
11
(13
)
(72
)
Amortization of net actuarial (gain) loss ........................................
334
112
103
Total amortization expected over the next fiscal year ...................
$
345
$
98
$
31