Pension and Postretirement Benefit Plans

6 Months Ended

Jun. 30, 2016

Compensation And Retirement Disclosure [Abstract]

Pension and Postretirement Benefit Plans

Note 11. Pension and Postretirement Benefit Plans

We sponsor, or have previously sponsored, numerous funded and unfunded domestic and foreign pension and postretirement benefit plans. The net periodic benefit cost (income) for our domestic pension benefits, foreign pension benefits and postretirement benefits amounted to approximately $(1) million for the three and six months ended June 30, 2016 and approximately $(1) million for the three and six months ended June 30, 2015. Additionally, the net actuarial losses reclassified from accumulated other comprehensive income for our domestic pension benefits, foreign pension benefits and postretirement benefits amounted to approximately $1 million each for the three and six months ended June 30, 2016 and the three and six months ended June 30, 2015.

During the three and six months ended June 30, 2016, we contributed approximately $3 million and $5 million, respectively, to our pension and postretirement benefit plans. For the remainder of 2016, we expect to contribute approximately $6 million to our pension and postretirement benefit plans. A significant portion of the contributions relates to the foreign pension plans, for which we are reimbursed by our managed hotels.