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Qualified and Non-qualified
Pension Benefits Postretirement
United States International Benefits
(Millions) 2011 2010 2011 2010 2011 2010
Amounts recognized in the
Consolidated Balance Sheet as of
Dec. 31,
Non-current assets .......................... $
—
$
—
$ 40
$ 74
$
—
$
—
Accrued benefit cost
Current liabilities ........................... (41) (30 ) (8 ) (7 ) (4) (4 )
Non-current liabilities ................... (2,356) (714 ) (721 ) (624 ) (895) (675 )
Ending balance ................................ $ (2,397) $ (744) $ (689 ) $ (557 ) $ (899) $ (679)
Amounts recognized in accumulated
other comprehensive income as of
Dec. 31,
Net transition obligation (asset) ....... $
—
$
—
$ (8 ) $ (7 ) $
—
$
—
Net actuarial loss (gain) ................... 5,623 3,981
1,858
1,670
1,171 1,063
Prior service cost (credit) ................. 30 33
(167 ) (144 ) (269) (341 )
Ending balance ................................ $ 5,653 $ 4,014 $ 1,683
$ 1,519
$ 902 $ 722
The balance of amounts recognized for international plans in accumulated other comprehensive income as of
December 31 in the preceding table are presented based on the foreign currency exchange rate on that date.
The pension accumulated benefit obligation represents the actuarial present value of benefits based on employee
service and compensation as of the measurement date and does not include an assumption about future
compensation levels. The accumulated benefit obligation of the U.S. pension plans was $13.804 billion and $11.754
billion at December 31, 2011 and 2010, respectively. The accumulated benefit obligation of the international pension
plans was $4.889 billion and $4.532 billion at December 31, 2011 and 2010, respectively.
The following amounts relate to pension plans with accumulated benefit obligations in excess of plan assets as of
December 31:
Qualified and Non-qualified Pension Plans
United States International
(Millions) 2011 2010 2011 2010
Projected benefit obligation ............. $ 14,499
$ 443
$ 2,983
$ 1,676
A
ccumulated benefit obligation ....... 13,804
441
2,740
1,563
Fair value of plan assets ................. 12,102
25
2,321
1,122
79