EMPLOYEE PENSION AND OTHER BENEFIT PLANS

9 Months Ended

Sep. 30, 2015

EMPLOYEE PENSION AND OTHER BENEFIT PLANS

EMPLOYEE PENSION AND OTHER BENEFIT PLANS

NOTE 11    EMPLOYEE PENSION AND OTHER BENEFIT PLANS

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2015		2014		2015		2014
Pension benefit costs, net
Service cost	$	8	$	6	$	23	$	19
Interest cost		10		10		32		30
Expected return on plan assets		(15)		(12)		(44)		(38)
Amortization, net		6		3		20		10
Settlements		3		3		3		6
	$	12	$	10	$	34	$	27

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2015		2014		2015		2014
Other benefit costs, net
Service cost	$	—	$	1	$	2	$	2
Interest cost		1		2		4		5
Amortization, net		(1)		—		(1)		—
	$	—	$	3	$	5	$	7

In April 2015, the Company approved an amendment to the terms of its Post-Retirement Medical and Life Insurance Plan, effective September 2015. The Company announced this change in June, and as a result, re-measured its other post-retirement benefit plan liability at June 30, 2015. The discount rate used for purposes of the re-measurement was 4.74%. The re-measurement resulted in a decrease of the post-retirement benefit plan liability of $52, ($34 net of tax).