Pension and Other Postretirement Benefits (Tables)

9 Months Ended

Sep. 30, 2013

Pension Plans, Defined Benefit [Member]

Components of Pension Expense for Defined Benefit Pension Plan

The following table reflects the components of pension expense for the defined benefit pension plan recorded in our consolidated statement of income (loss) and reflects the portion of the pension expense of the combined HSBC North America Pension Plan (either the "HSBC North America Pension Plan" or the "Plan") which has been allocated to HSBC Finance Corporation:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2013			2012			2013			2012
	(in millions)
Service cost – benefits earned during the period	$	2		$	1		$	6		$	5
Interest cost on projected benefit obligation	14			14			42			35
Expected return on assets	(16		)	(19		)	(52		)	(46		)
Recognized losses	8			11			30			23
Curtailment gain	—			(4		)	—			(4		)
Pension expense	$	8		$	3		$	26		$	13

Postretirement Plans Other Than Pensions [Member]

Components of Pension Expense for Defined Benefit Pension Plan

The following table summarizes the components of the net periodic benefit for our postretirement medical plan benefits other than pensions:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2013		2012		2013		2012
	(in millions)
Service cost – benefits earned during the period	$	—	$	—	$	—	$	—
Interest cost	2		2		6		5
Net periodic postretirement benefit cost	$	2	$	2	$	6	$	5