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Employee Benefits
 6 Months Ended
Jun. 30, 2013
Compensation and Retirement Disclosure [Abstract]  
Employee Benefits
Employee Benefits

Pension Benefits

The Company provides pension benefits to many of its employees. The Company's pension plans are non-contributory defined benefit pension plans. The pension plans include the Dex One Retirement Account, the Dex Media, Inc. Pension Plan; and, in conjunction with the merger with SuperMedia, the SuperMedia Pension Plan for Management Employees and the SuperMedia Pension Plan for Collectively Bargained Employees. The Company also maintains two non-qualified pension plans for certain executives, the Dex One Pension Benefit Equalization Plan and the SuperMedia Excess Pension Plan. Pension assets, which are held in master trusts and recorded on the Company's consolidated balance sheet, are valued in accordance with applicable accounting guidance on fair value measurements.

Net Periodic Cost

The following table sets forth the benefit costs (income) related to the Company's pension plans for the three and six months ended June 30, 2013 and 2012, which includes May 1, 2013 through June 30, 2013 activity associated with the SuperMedia pension plans:
 
Pension Benefit Cost (Income)
 
Three Months Ended June 30
Six Months Ended June 30
 
2013
2012
2013
2012
 
(in millions)
Interest cost
$
6

$
2

$
8

$
5

Expected return on plan assets
(8
)
(3
)
(11
)
(6
)
Settlement loss
—

2

—

2

Amortization of net loss
—

—

1

—

Net periodic cost (income)
$
(2
)
$
1

$
(2
)
$
1



The Company made cash contributions to its qualified pension plans of $1 million and $2 million during the three and six months ended June 30, 2013, respectively, and $2 million and $9 million during the three and six months ended June 30, 2012, respectively. We expect to make total contributions of approximately $4 million to our pension plans in 2013.

For the six months ended June 30, 2012, lump sum payments to participants of the Dex Media, Inc. Pension Plan and the Dex One Pension Benefit Equalization Plan exceeded the sum of the service cost, plus interest cost components of the net periodic cost, resulting in the recognition of a settlement loss of $2 million for the three and six months ended June 30, 2012.

Other Post-Employment Benefits

As a result of the acquisition of SuperMedia, the Company has an obligation to provide other post-employment benefits ("OPEB") to select employees of SuperMedia. The Company's OPEB includes post-employment health care and life insurance plans for the Company's retirees and their dependents that are both contributory and noncontributory and include a limit on the Company's share of cost for recent and future retirees. Certain retirees will continue to receive a reduced company subsidy through December 31, 2013. During the three and six months ended June 30, 2013, the Company recorded $1 million of expense associated with these benefits.

Savings Plans Benefits

The Company sponsors defined contribution savings plans to provide opportunities for eligible employees to save for retirement. The savings plans include the Dex One 401(k) Savings Plan, the Dex One Restoration Plan and the Dex Media, Inc. Employee Savings Plan; and, in conjunction with the merger with SuperMedia, the SuperMedia Savings Plan. Substantially all of the Company's employees are eligible to participate in the plans. Participant contributions may be made on a pre-tax or after-tax basis. Under the plans, a certain percentage of eligible employee contributions are matched with Company cash contributions that are allocated to the participants' current investment elections. The Company recognizes its contributions as savings plan expense based on its matching obligation to participating employees. For the three and six months ended June 30, 2013, the Company recorded total savings plan expense of $3 million and $6 million, respectively, which includes May 1, 2013 through June 30, 2013 activity associated with the SuperMedia Savings Plan. For the three and six months ended June 30, 2012, the Company recorded total savings plan expense of $3 million and $5 million, respectively.