XML 34 R20.htm IDEA: XBRL DOCUMENT v3.5.0.2
Employee Benefit Plans
9 Months Ended
Sep. 30, 2016
Compensation and Retirement Disclosure [Abstract]  
Employee Benefit Plans
13. Employee Benefit Plans
Pension and Other Postretirement Benefit Plans
Certain subsidiaries of MetLife, Inc. sponsor and/or administer various defined benefit pension plans and other postretirement employee benefit plans covering employees and sales representatives who meet specified eligibility requirements. These subsidiaries also provide certain postemployment benefits and certain postretirement medical and life insurance benefits for retired employees.
The components of net periodic benefit costs were as follows:
 
 
Three Months 
 Ended 
 September 30,
 
 
2016
 
2015
 
 
Pension
Benefits
 
Other Postretirement Benefits
 
Pension
Benefits
 
Other Postretirement Benefits
 
 
(In millions)
Service costs
 
$
67

 
$
4

 
$
68

 
$
3

Interest costs
 
102

 
21

 
106

 
22

Curtailment costs (1)
 
(1
)
 
(1
)
 

 

Expected return on plan assets
 
(140
)
 
(19
)
 
(136
)
 
(19
)
Amortization of net actuarial (gains) losses
 
44

 
3

 
48

 
10

Amortization of prior service costs (credit)
 

 
(1
)
 
(1
)
 

Net periodic benefit costs (credit)
 
$
72

 
$
7

 
$
85

 
$
16

 
 
 
 
 
 
 
 
 
 
 
Nine Months 
 Ended 
 September 30,
 
 
2016
 
2015
 
 
Pension
Benefits
 
Other Postretirement Benefits
 
Pension
Benefits
 
Other Postretirement Benefits
 
 
(In millions)
Service costs
 
$
212

 
$
8

 
$
206

 
$
12

Interest costs
 
322

 
63

 
318

 
67

Curtailment costs (1)
 
(1
)
 
26

 

 

Expected return on plan assets
 
(394
)
 
(56
)
 
(408
)
 
(59
)
Amortization of net actuarial (gains) losses
 
143

 
7

 
143

 
31

Amortization of prior service costs (credit)
 

 
(5
)
 
(1
)
 
(2
)
Net periodic benefit costs (credit)
 
$
282

 
$
43

 
$
258

 
$
49


__________________
(1)
The Company recognized curtailment charges on certain postretirement benefit plans in connection with the U.S Retail Advisor Force Divestiture. See Note 3.