Other Postretirement |
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Pension Benefits |
Benefits |
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2013 |
2012 |
2013 |
2012 |
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($ in millions) |
|||||||||||
Change in benefit obligations: |
|||||||||||
Benefit obligation at beginning of year |
$ |
2,285 |
$ |
2,027 |
$ |
1,311 |
$ |
1,206 |
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Service cost |
41 |
34 |
16 |
15 |
|||||||
Interest cost |
81 |
89 |
50 |
54 |
|||||||
Actuarial (gains) losses |
(196) |
253 |
(471) |
82 |
|||||||
Benefits paid |
(120) |
(118) |
(51) |
(46) |
|||||||
Benefit obligation at end of year |
2,091 |
2,285 |
855 |
1,311 |
|||||||
Change in plan assets: |
|||||||||||
Fair value of plan assets at beginning of year |
1,791 |
1,670 |
205 |
186 |
|||||||
Actual return on plan assets |
432 |
227 |
34 |
19 |
|||||||
Employer contribution |
12 |
12 |
51 |
46 |
|||||||
Benefits paid |
(120) |
(118) |
(51) |
(46) |
|||||||
Fair value of plan assets at end of year |
2,115 |
1,791 |
239 |
205 |
|||||||
Funded status at end of year |
$ |
24 |
$ |
(494) |
$ |
(616) |
$ |
(1,106) |
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Amounts recognized in the Consolidated |
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Balance Sheets: |
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Noncurrent assets |
$ |
256 |
$ |
1 |
$ |
- |
$ |
- |
|||
Current liabilities |
(14) |
(13) |
(50) |
(57) |
|||||||
Noncurrent liabilities |
(218) |
(482) |
(566) |
(1,049) |
|||||||
Net amount recognized |
$ |
24 |
$ |
(494) |
$ |
(616) |
$ |
(1,106) |
|||
Amounts recognized in other comprehensive |
|||||||||||
income (before tax): |
|||||||||||
Net (gain) loss |
$ |
585 |
$ |
1,160 |
$ |
(88) |
$ |
459 |
|||
Prior service cost |
4 |
4 |
- |
- |
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