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Defined Benefit Postretirement Plans
 9 Months Ended
Sep. 30, 2019
Retirement Benefits [Abstract]  
Defined Benefit Postretirement Plans Defined Benefit Postretirement Plans
The following summarizes the components of net periodic benefit cost:
 
Three Months Ended September 30,
 
Pension Benefits
 
Other Benefits
(In millions)
2019
 
2018
 
2019
 
2018
Service cost
$
5

 
$
4

 
$
—

 
$
—

Interest cost
3

 
7

 
1

 
2

Expected return on plan assets
(3
)
 
(9
)
 
—

 
—

Amortization:
 

 
 

 
 

 
 

– prior service cost (credit)
(1
)
 
(2
)
 
(5
)
 
(2
)
– actuarial loss
2

 
3

 
1

 
—

Net settlement loss(a)
—

 
10

 
—

 
—

Net periodic benefit cost(b)
$
6

 
$
13

 
$
(3
)
 
$
—


 
Nine Months Ended September 30,
 
Pension Benefits
 
Other Benefits
(In millions)
2019
 
2018
 
2019
 
2018
Service cost
$
14

 
$
13

 
$
—

 
$
1

Interest cost
17

 
20

 
3

 
6

Expected return on plan assets
(19
)
 
(26
)
 
—

 
—

Amortization:
 
 
 

 
 

 
 

– prior service credit
(5
)
 
(7
)
 
(14
)
 
(6
)
– actuarial loss
6

 
9

 
1

 
1

Net settlement loss(a)
2

 
16

 
—

 
—

Net periodic benefit cost(b)
$
15


$
25


$
(10
)

$
2


(a) 
Settlements are recognized as they occur, once it is probable that lump sum payments from a plan for a given year will exceed the plan’s total service and interest cost for that year.
(b) 
Net periodic benefit cost reflects a calculated market-related value of plan assets which recognizes changes in fair value over three years.
During the first nine months of 2019, we made contributions of $35 million to our funded pension plans and we expect to make additional contributions up to an estimated $6 million over the remainder of 2019. During the first nine months of 2019, we made payments of $4 million and $17 million related to unfunded pension plans and other postretirement benefit plans.
In connection with the sale of our U.K. business, the noncontributory defined benefit pension plan covering U.K. employees was transferred to the buyer. See Note 5 for further information on this disposition. During the three and nine months ended September 30, 2019, we reclassified $20 million from accumulated other comprehensive income to pension assets upon remeasurement of the plan.
See table below for summary of the obligations and funded status related to the U.K. pension plan for nine months ended September 30, 2019 and year-ended December 31, 2018.
 
Pension Benefits
(In millions)
September 30, 2019
 
December 31, 2018
Accumulated benefit obligation
$
—

 
$
511

Change in benefit obligations:
 
 
 
Beginning balance
$
511

 
$
599

Interest cost
8

 
14

Plan amendment
—

 
3

Divestiture(a)
(549
)
 
—

Actuarial loss (gain)
36

 
(38
)
Foreign currency exchange rate changes
6

 
(29
)
Settlements paid
—

 
(23
)
Benefits paid
(12
)
 
(15
)
Ending balance
$
—

 
$
511

Change in fair value of plan assets:
 
 
 
Beginning balance
$
594

 
$
670

Actual return on plan assets
68

 
(21
)
Employer contributions
8

 
17

Foreign currency exchange rate changes
8

 
(34
)
Divestiture
(666
)
 
—

Settlements paid
—

 
(23
)
Benefits paid
(12
)
 
(15
)
Ending balance
$
—

 
$
594

Funded status of plans at September 30, 2019 and December 31, 2018
$
—

 
$
83

Amounts recognized in the consolidated balance sheets:
 
 
 
Noncurrent assets
$
—

 
$
83

Accrued benefit cost
$
—

 
$
83

Pretax amounts in accumulated other comprehensive loss:
 
 
 
Net loss (gain)
$
—

 
$
59

Prior service cost (credit)
—

 
5


(a) 
Refer to Note 5 for further information on the sale of our U.K. business.