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79
Components of net periodic cost and other amounts recognized in other comprehensive income
Net periodic benefit cost is recorded in cost of sales, selling, general and administrative expenses, and research,
development and related expenses. Components of net periodic benefit cost and other changes in plan asse
ts and benefit
obligations recognized in other comprehensive income for the years ended December 31 follow:
Qualified and Non-qualified
Pension Benefits Postretirement
United States
International
Benefits
(Millions)
2013
2012
2011
2013
2012
2011
2013
2012
2011
Net periodic benefit cost (benefit)
Service cost
$
258
$ 254
$
206
$
147
$
124 $ 124
$
80
$
78
$ 61
Interest cost
598
587 626
238
247 261
88
86
92
Expected return on plan assets
(1,046)
(992) (927)
(291)
(295)
(289)
(90)
(84)
(77)
Amortization of transition
(asset) obligation
―
― ―
(1)
(1)
(2)
―
―
―
Amortization of prior service
cost (benefit)
5
5 11
(16)
(17)
(14)
(66)
(72)
(72)
Amortization of net actuarial (gain)
loss
399
470 334
153
122 116
95
108
102
Net periodic benefit cost (benefit)
$
214
$ 324
$
250 $
230
$
180
$
196
$
107
$
116
$ 106
Settlements, curtailments, special
termination benefits and other
―
26 1
2
4 2
―
―
―
Net periodic benefit cost (benefit)
after settlements, curtailments,
special termination benefits
and other
$
214
$ 350
$
251
$
232
$
184 $ 198
$
107
$
116
$ 106
Other changes in plan assets and
benefit obligations recognized in
other comprehensive (income)
loss
Transition (asset) obligation
$
―
$ ―
$
―
$
―
$
― $
(2)
$
―
$
―
$ ―
Amortization of transition (asset)
obligation
―
― ―
1
1 2
―
―
―
Prior service cost (benefit)
―
― 8
3
(7)
(32)
(20)
―
―
Amortization of prior service cost
(benefit)
(5)
(5) (11)
16
17 14
66
72
72
Net actuarial (gain) loss
(743)
(470) 1,976
(294)
707 315
(313)
(33)
212
Amortization of net actuarial (gain)
loss
(399)
(470) (334)
(153)
(122)
(116)
(95)
(108)
(102)
Foreign currency
―
― ―
(47)
24
(17)
(2)
(1)
(2)
Total recognized in other
comprehensive (income) loss
$
(1,147) $ (945)
$
1,639 $ (474)
$
620 $ 164
$
(364)
$
(70)
$ 180
Total recognized in net periodic
benefit cost (benefit) and other
comprehensive (income) loss
$
(933) $ (595)
$
1,890 $ (242)
$
804 $ 362
$
(257)
$
46
$ 286
Amounts expected to be amortized from accumulated other comprehensive income into net
periodic benefit
costs over the next fiscal year
Qualified and Non-qualified
Pension Benefits
Postretirement
(Millions)
United States
International
Benefits
Amortization of transition (asset) obligation $
1 $
(1) $ ―
Amortization of prior service cost (benefit) 4 (16)
(48)
Amortization of net actuarial (gain) loss
242 123 57
Total amortization expected over the next fiscal year $
247 $
106 $
9