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Employee Benefit Plans
6 Months Ended
Jun. 30, 2017
Retirement Benefits [Abstract]  
Employee Benefit Plans
12. Employee Benefit Plans
Pension and Other Postretirement Benefit Plans
Certain subsidiaries of MetLife, Inc. sponsor and/or administer various U.S. qualified and nonqualified 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 U.S. retired employees.
The components of net periodic benefit costs were as follows:
 
 
Three Months
Ended
June 30,
 
 
2017
 
2016
 
 
Pension
Benefits
 
Other
Postretirement
Benefits
 
Pension
Benefits
 
Other
Postretirement
Benefits
 
 
(In millions)
Service costs
 
$
61

 
$
2

 
$
73

 
$
2

Interest costs
 
109

 
20

 
109

 
21

Curtailment costs (1)
 

 

 

 
(3
)
Expected return on plan assets
 
(130
)
 
(18
)
 
(127
)
 
(19
)
Amortization of net actuarial (gains) losses
 
48

 

 
50

 
2

Amortization of prior service costs (credit)
 
(1
)
 
(6
)
 

 
(1
)
Net periodic benefit costs (credit)
 
$
87

 
$
(2
)
 
$
105

 
$
2

 
 
 
 
 
 
 
 
 
 
 
Six Months
Ended
June 30,
 
 
2017
 
2016
 
 
Pension
Benefits
 
Other
Postretirement
Benefits
 
Pension
Benefits
 
Other
Postretirement
Benefits
 
 
(In millions)
Service costs
 
$
122

 
$
3

 
$
145

 
$
4

Interest costs
 
217

 
39

 
220

 
42

Curtailment costs (1)
 

 

 

 
27

Expected return on plan assets
 
(262
)
 
(36
)
 
(254
)
 
(37
)
Amortization of net actuarial (gains) losses
 
97

 

 
99

 
4

Amortization of prior service costs (credit)
 
(1
)
 
(11
)
 

 
(4
)
Net periodic benefit costs (credit)
 
$
173

 
$
(5
)
 
$
210

 
$
36


__________________
(1)
During the three months and six months ended June 30, 2016, the Company recognized curtailment charges on certain postretirement benefit plans in connection with the sale to MassMutual. See Note 3 of the Notes to the Consolidated Financial Statements included in the 2016 Annual Report.