Long-Term Employee Benefits

9 Months Ended

Sep. 30, 2014

General Discussion of Pension and Other Postretirement Benefits [Abstract]

Long-Term Employee Benefits

Long-Term Employee Benefits

Pension Plans

In February 2013, DuPont completed the sale of its Performance Coatings business. As a result of the sale, the company recorded settlement and curtailment losses of $153. See Note 2 for additional information.

The following sets forth the components of the company’s net periodic benefit cost for pensions:  

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2014			2013			2014			2013
Service cost	$	61		$	67		$	181		$	206
Interest cost	290			272			875			816
Expected return on plan assets	(405		)	(379		)	(1,211		)	(1,139		)
Amortization of loss	151			244			450			724
Amortization of prior service cost	1			2			2			8
Curtailment loss	—			—			4			1
Settlement loss	2			—			4			152
Net periodic benefit cost	$	100		$	206		$	305		$	768

Other Long-Term Employee Benefit Plans

In conjunction with the sale of the Performance Coatings business noted above, the company recorded a net $153 settlement and curtailment gain. See Note 2 for additional information.

During the third quarter 2013, the company amended its U.S. parent company retiree life insurance plan for employees retiring on and after January 1, 2015 and subsidiary retiree health care plans. As a result of these changes, the company was required to re-measure the associated plans as of August 31, 2013, which included updating the discount rate assumption to 4.75 percent from 3.85 percent assumed at December 31, 2012. The re-measurement and amendment resulted in a net decrease of $294 to the company's other long-term employee benefit obligation, which included an actuarial gain of $95 due to a higher discount rate and prior service benefit of $199.

The following sets forth the components of the company’s net periodic benefit cost for other long-term employee benefits:  

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2014			2013			2014			2013
Service cost	$	4		$	7		$	13		$	23
Interest cost	30			32			91			98
Amortization of loss	15			26			43			51
Amortization of prior service benefit	(54		)	(48		)	(160		)	(142		)
Curtailment gain	—			—			—			(154		)
Settlement loss	—			—			—			1
Net periodic benefit cost	$	(5	)	$	17		$	(13	)	$	(123	)