PENSION PLANS AND OTHER POSTRETIREMENT BENEFITS

3 Months Ended

Mar. 31, 2020

Retirement Benefits [Abstract]

PENSION PLANS AND OTHER POSTRETIREMENT BENEFITS

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS

A summary of the Company's pension and other postretirement benefit plans can be found in Note 21 to the Consolidated Financial Statements included in the combined Dow Inc. and TDCC Annual Report on Form 10-K for the year ended December 31, 2019. The following table provides the components of the Company's net periodic benefit cost for all significant plans:

Net Periodic Benefit Cost for All Significant Plans	Three Months Ended
In millions	Mar 31, 2020		Mar 31, 2019
Defined Benefit Pension Plans:
Service cost	$	99	$	112
Interest cost	192		241
Expected return on plan assets	(414)		(417)
Amortization of prior service credit	(5)		(6)
Amortization of net loss	192		132
Net periodic benefit cost	$	64	$	62
Less: Discontinued operations	—		21
Net periodic benefit cost - continuing operations	$	64	$	41
Other Postretirement Benefit Plans:
Service cost	$	2	$	2
Interest cost	9		14
Amortization of net gain	(2)		(6)
Net periodic benefit cost	$	9	$	10

Net periodic benefit cost, other than the service cost component, is included in "Sundry income (expense) - net" in the consolidated statements of income.

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. The Company expects to contribute approximately $290 million to its pension plans in 2020, of which $63 million has been contributed through March 31, 2020.