Long-Term Employee Benefits

3 Months Ended

Mar. 31, 2015

General Discussion of Pension and Other Postretirement Benefits [Abstract]

Long-Term Employee Benefits

Long-Term Employee Benefits

Pension Plans

In determining the U.S. pension plan 2015 net periodic benefit costs, the company updated the expected return on plan assets assumption from 8.75 percent to 8.50 percent.

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

	Three Months Ended
	March 31,
	2015			2014
Service cost	$	66		$	60
Interest cost	273			292
Expected return on plan assets	(404		)	(402		)
Amortization of loss	209			149
Amortization of prior service (benefit) cost	(2		)	1
Settlement loss	5			—
Net periodic benefit cost	$	147		$	100

Other Long-Term Employee Benefit Plans

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

	Three Months Ended
	March 31,
	2015			2014
Service cost	$	4		$	4
Interest cost	28			31
Amortization of loss	19			14
Amortization of prior service benefit	(52		)	(53		)
Net periodic benefit cost	$	(1	)	$	(4	)