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PENSION COSTS
9 Months Ended
Sep. 30, 2013
Pension Costs Disclosure [Abstract]  
Pension Costs Disclosure

10.       PENSION COSTS

 

TWC sponsors the Time Warner Cable Pension Plan (the “TWC Pension Plan”) and the Time Warner Cable Union Pension Plan (the “Union Pension Plan” and, together with the TWC Pension Plan, the “qualified pension plans”), both qualified defined benefit pension plans, that together provide pension benefits to a majority of the Company's employees. TWC also provides a nonqualified defined benefit pension plan for certain employees (the “nonqualified pension plan” and, together with the qualified pension plans, the “pension plans”). Pension benefits are based on formulas that reflect the employees' years of service and compensation during their employment period. TWC uses a December 31 measurement date for its pension plans. The components of net periodic benefit costs for the three and nine months ended September 30, 2013 and 2012 is as follows (in millions):

           Three Months Ended Nine Months Ended
           September 30, September 30,
           2013 2012 2013 2012
Service cost$ 51 $ 43 $ 153 $ 127
Interest cost  35   33   104   98
Expected return on plan assets  (54)   (44)   (160)   (132)
Amounts amortized  19   14   56   44
Net periodic benefit costs$ 51 $ 46 $ 153 $ 137

The Company has not made any cash contributions to its qualified pension plans during the nine months ended September 30, 2013 and does not expect to make any discretionary cash contributions to the qualified pension plans during the remainder of 2013. For the nonqualified pension plan, the Company contributed $5 million during the nine months ended September 30, 2013 and will continue to make contributions during the remainder of 2013 to the extent benefits are paid.