U.S. Pension Benefits | Non-U.S. Pension Benefits | Other Postretirement Benefits | ||||||||||||||||||||||||||||||||||
(Millions of dollars) | 2013 | 2012 | 2011 | 2013 | 2012 | 2011 | 2013 | 2012 | 2011 | |||||||||||||||||||||||||||
End of Year | ||||||||||||||||||||||||||||||||||||
Fair value of plan assets | $ | 12,395 | $ | 10,981 | $ | 9,997 | $ | 3,949 | $ | 3,426 | $ | 2,818 | $ | 822 | $ | 789 | $ | 814 | ||||||||||||||||||
Benefit obligations | 14,419 | 15,913 | 14,782 | 4,609 | 4,737 | 4,299 | 4,784 | 5,453 | 5,381 | |||||||||||||||||||||||||||
Over (under) funded status recognized in financial position | $ | (2,024 | ) | $ | (4,932 | ) | $ | (4,785 | ) | $ | (660 | ) | $ | (1,311 | ) | $ | (1,481 | ) | $ | (3,962 | ) | $ | (4,664 | ) | $ | (4,567 | ) | |||||||||
Components of net amount recognized in financial position: | ||||||||||||||||||||||||||||||||||||
Other assets (non-current asset) | $ | 5 | $ | — | $ | — | $ | 123 | $ | 30 | $ | 3 | $ | — | $ | — | $ | — | ||||||||||||||||||
Accrued wages, salaries and employee benefits (current liability) | (26 | ) | (23 | ) | (21 | ) | (29 | ) | (27 | ) | (26 | ) | (169 | ) | (169 | ) | (171 | ) | ||||||||||||||||||
Liability for postemployment benefits (non-current liability) | (2,003 | ) | (4,909 | ) | (4,764 | ) | (754 | ) | (1,314 | ) | (1,458 | ) | (3,793 | ) | (4,495 | ) | (4,396 | ) | ||||||||||||||||||
Net liability recognized | $ | (2,024 | ) | $ | (4,932 | ) | $ | (4,785 | ) | $ | (660 | ) | $ | (1,311 | ) | $ | (1,481 | ) | $ | (3,962 | ) | $ | (4,664 | ) | $ | (4,567 | ) | |||||||||
Amounts recognized in Accumulated other comprehensive income (pre-tax) consist of: | ||||||||||||||||||||||||||||||||||||
Net actuarial loss (gain) | $ | 4,396 | $ | 7,286 | $ | 7,044 | $ | 1,373 | $ | 1,907 | $ | 1,712 | $ | 662 | $ | 1,528 | $ | 1,495 | ||||||||||||||||||
Prior service cost (credit) | 19 | 36 | 63 | 13 | 22 | 15 | (84 | ) | (159 | ) | (188 | ) | ||||||||||||||||||||||||
Transition obligation (asset) | — | — | — | — | — | — | — | 3 | 5 | |||||||||||||||||||||||||||
Total | $ | 4,415 | $ | 7,322 | $ | 7,107 | $ | 1,386 | $ | 1,929 | $ | 1,727 | $ | 578 | $ | 1,372 | $ | 1,312 | ||||||||||||||||||