Quarterly report pursuant to Section 13 or 15(d)

Employee Benefit Plans (Tables)

v2.4.0.8
Employee Benefit Plans (Tables)
 6 Months Ended
Jun. 30, 2013
Pension and Other Postretirement Benefit Expense [Abstract]  
Schedule of Net Benefit Costs
The net periodic benefit (income) cost of the U.S. defined benefit pension plans, non-U.S. defined benefit pension plans and postretirement plans sponsored by Merrill Lynch for the three and six months ended June 30, 2013 and 2012 included the following components:

(dollars in millions)
 
 
 
 
 
Three Months Ended June 30, 2013
 
Six Months Ended June 30, 2013
 
U.S. Defined
Benefit
Pension Plans
Non-U.S. Defined
Benefit
Pension Plans
Postretirement
Plans(1)
 
U.S. Defined
Benefit
Pension Plans
Non-U.S. Defined
Benefit
Pension Plans
Postretirement
Plans(1)
Service cost
$
—

$
8

$
1

 
$
—

$
16

$
2

Interest cost
19

21

2

 
39

43

5

Expected return on plan assets
(27
)
(27
)
—

 
(55
)
(55
)
—

Amortization of prior service cost
—

—

1

 
—

—

2

Amortization of net actuarial losses (gains)
3

—

(1
)
 
6

1

(2
)
Recognized gain due to settlements and curtailments
—

—

—

 
—

(7
)
—

Net periodic benefit (income) cost
$
(5
)
$
2

$
3

 
$
(10
)
$
(2
)
$
7

(1)Approximately 93% of the postretirement benefit obligation at June 30, 2013 relates to the U.S. postretirement plan.