TRAVELERS COMPANIES, INC. | 2013 | FY | 3


 

 

 
  Pension Plans   Postretirement
Benefit Plans
 
(in millions)
  2013   2012   2011   2013   2012   2011  

Net Periodic Benefit Cost:

                                     

Service cost

  $ 118   $ 113   $ 98   $   $   $  

Interest cost on benefit obligation

    132     138     135     9     12     13  

Expected return on plan assets

    (208 )   (187 )   (182 )   (1 )   (1 )   (1 )

Amortization of unrecognized:

                                     

Prior service benefit

                (2 )        

Net actuarial loss (gain)

    107     89     76         (1 )    
                           

Net benefit expense

  $ 149   $ 153   $ 127   $ 6   $ 10   $ 12  
                           

Other Changes in Benefit Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income:

                                     

Prior service benefit

  $   $   $   $   $   $  

Net actuarial loss (gain)

    (518 )   176     388     (24 )   11     (5 )

Plan amendments

                    (31 )    

Amortization of prior service benefit

                2          

Amortization of net actuarial gain (loss)

    (107 )   (89 )   (76 )       1      
                           

Total other changes recognized in other comprehensive income

    (625 )   87     312     (22 )   (19 )   (5 )
                           

Total other changes recognized in net benefit expense and other comprehensive income

  $ (476 ) $ 240   $ 439   $ (16 ) $ (9 ) $ 7  
                           
                           

        


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