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RETIREMENT AND POSTRETIREMENT BENEFIT PLANS
6 Months Ended
Jun. 30, 2015
RETIREMENT AND POSTRETIREMENT BENEFIT PLANS  
RETIREMENT AND POSTRETIREMENT BENEFIT PLANS

NOTE 10RETIREMENT AND POSTRETIREMENT BENEFIT PLANS

 

The following table sets forth the components of the net periodic benefit costs for our defined benefit pension and postretirement benefit plans:

 

 

 

Three months ended June 30,

 

 

 

2015

 

2014

 

 

 

Pension
Benefit

 

Postretirement
Benefit

 

Pension
Benefit

 

Postretirement
Benefit

 

 

 

(in millions)

 

Service cost

 

$

1

 

 

$

1

 

 

 

$
1

 

 

$

1

 

 

Interest cost

 

 

1

 

 

 

1

 

 

 

1

 

 

 

1

 

 

Expected return on plan assets

 

 

(1

)

 

 

 

 

 

(1

)

 

 

 

 

Recognized actuarial loss

 

 

1

 

 

 

 

 

 

1

 

 

 

 

 

Settlements

 

 

8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

10

 

 

$

2

 

 

$

2

 

 

$

2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six months ended June 30,

 

 

 

2015

 

2014

 

 

 

Pension
Benefit

 

Postretirement
Benefit

 

Pension
Benefit

 

Postretirement
Benefit

 

 

 

(in millions)

 

Service cost

 

$

2

 

 

$

2

 

 

$

2

 

 

$

2

 

 

Interest cost

 

 

2

 

 

 

2

 

 

 

2

 

 

 

2

 

 

Expected return on plan assets

 

 

(2

)

 

 

 

 

 

(3

)

 

 

 

 

Recognized actuarial loss

 

 

1

 

 

 

 

 

 

1

 

 

 

 

 

Settlements

 

 

8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

11

 

 

$

4

 

 

$

2

 

 

$

4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

We contributed $3 million to our defined benefit pension plans during the three months ended June 30, 2015. We did not make any contributions during the three months ended March 31, 2015 or either of the three- or six-month periods ended June 30, 2014.  The 2015 settlements were associated with early retirements.