Benefit Obligation (millions)
December 31, | |||||||
2013 | 2012 | ||||||
Change in benefit obligation: | |||||||
Projected benefit obligation, beginning of year | $ | 4,224 | $ | 3,733 | |||
Service cost | 3 | 3 | |||||
Interest cost | 170 | 178 | |||||
Actuarial (gain) loss | (262) | 444 | |||||
Benefits paid | (167) | (133) | |||||
Settlements | - | (32) | |||||
Plan amendments | - | (1) | |||||
Foreign currency exchange rates | 26 | 32 | |||||
Projected benefit obligation, end of year | $ | 3,994 | $ | 4,224 | |||
Accumulated benefit obligation, end of year | $ | 3,955 | $ | 4,171 | |||