PENSIONS AND OTHER POSTEMPLOYMENT BENEFITS

3 Months Ended

Mar. 31, 2016

Compensation and Retirement Disclosure [Abstract]

PENSIONS AND OTHER POSTEMPLOYMENT BENEFITS

PENSIONS AND OTHER POSTRETIREMENT BENEFITS

The Company sponsors several defined benefit pension plans (“Pension Benefits”) and health care and life insurance benefits (“Other Postretirement Benefits” or "OPEB") for certain employees and retirees around the world.

Components of net periodic benefit cost (credit) for the three months ended March 31, 2016 and 2015 are as follows:

	Pension Benefits										Other Postretirement
	United States Plans						Non-U.S. Plans				Benefits
	2016			2015			2016		2015		2016			2015
Service cost	$	1		$	1		$	3	$	4	$	—		$	—
Interest cost	12			12			3		2		3			3
Expected return on plan assets	(12		)	(15		)	—		—		—			—
Amortization of actuarial losses	3			3			1		3		1			2
Amortization of prior service credits	—			—			—		—		(1		)	(1		)
Net periodic benefit cost (credit)	$	4		$	1		$	7	$	9	$	3		$	4