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PENSION PLANS AND OTHER POSTRETIREMENT BENEFITS
 6 Months Ended
Jun. 30, 2015
Compensation and Retirement Disclosure [Abstract]  
PENSION PLANS AND OTHER POSTRETIREMENT BENEFITS
PENSION PLANS AND OTHER POSTRETIREMENT BENEFITS
Net Periodic Benefit Cost for All Significant Plans
Three Months Ended
 
Six Months Ended
In millions
Jun 30,
2015

 
Jun 30,
2014

 
Jun 30,
2015

 
Jun 30,
2014

Defined Benefit Pension Plans:
 
 
 
 
 
 
 
Service cost
$
123

 
$
103

 
$
248

 
$
206

Interest cost
242

 
275

 
486

 
551

Expected return on plan assets
(341
)
 
(332
)
 
(685
)
 
(664
)
Amortization of prior service cost (credit)
(7
)
 
6

 
(14
)
 
12

Amortization of net loss
182

 
126

 
366

 
252

Net settlements (1)
—

 
(4
)
 
—

 
(2
)
Net periodic benefit cost
$
199

 
$
174

 
$
401

 
$
355

 
 
 
 
 
 
 
 
Other Postretirement Benefits:
 
 
 
 
 
 
 
Service cost
$
4

 
$
4

 
$
8

 
$
8

Interest cost
15

 
18

 
30

 
36

Amortization of prior service credit
(1
)
 
—

 
(2
)
 
—

Amortization of net gain
(3
)
 
(4
)
 
(6
)
 
(8
)
Net periodic benefit cost
$
15

 
$
18

 
$
30

 
$
36


(1)
The 2014 impact relates to settlements associated with the wind-up of a Canadian pension plan.
The Company's funding policy is to contribute to defined benefit pension plans in the United States and a number of other countries when pension laws and/or economics either require or encourage funding. Dow expects to contribute approximately $850 million to its pension plans in 2015. During the first six months of 2015, the Company contributed $725 million to its pension plans.