Pension and Other Postretirement Benefits (Tables)

12 Months Ended

Dec. 31, 2014

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Schedule of Assumptions Used

The assumptions used in determining the benefit obligation of our postretirement benefit plans are as follows:

	2014		2013		2012
Discount rate	3.60	%	4.35	%	3.35	%
Salary increase assumption	3.00		2.75		2.75

Schedule of Expected Benefit Payments

Estimated future benefit payments for our postretirement benefit plans for both continuing and discontinued operations are as follows:

	(in millions)
2015	$	15
2016	14
2017	14
2018	13
2019	12
2020-2024	60

Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates

Assumed health care cost trend rates have an effect on the amounts reported for health care plans. A one-percentage point change in assumed health care cost trend rates would increase (decrease) service and interest costs and the postretirement benefit obligation as follows:

	One Percent Point Increase		One Percent Point Decrease
	(in millions)
Effect on total of service and interest cost components	$	—	$	—
Effect on postretirement benefit obligation	5		(4		)

Other Postretirement Benefit Plan, Defined Benefit [Member]

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Components of Pension Expense for Defined Benefit Pension Plan

The net postretirement benefit cost for continuing operations included the following:

Year Ended December 31,	2014		2013		2012
	(in millions)
Service cost – benefits earned during the period	$	—	$	—	$	—
Interest cost	7		7		6
Net periodic postretirement benefit cost	$	7	$	7	$	6

Schedule of Assumptions Used

The assumptions used in determining the net periodic postretirement benefit cost for our postretirement benefit plans are as follows:

	2014		2013		2012
Discount rate	4.35	%	3.35	%	4.25	%
Salary increase assumption	2.75		2.75		2.75

Schedule of Accumulated and Projected Benefit Obligations

A reconciliation of the beginning and ending balances of the accumulated postretirement benefit obligation for both continuing and discontinued operations is as follows:

	2014			2013
	(in millions)
Accumulated benefit obligation at beginning of year	$	174		$	197
Service cost	—			—
Interest cost	7			7
Actuarial (gains) losses	5			(16		)
Benefits paid, net	(13		)	(14		)
Accumulated benefit obligation at end of year	$	173		$	174

Pension Plan, Defined Benefit [Member]

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Components of Pension Expense for Defined Benefit Pension Plan

The table below reflects the portion of pension expense and its related components of the HSBC North America Pension Plan which has been allocated to us and is recorded in our consolidated statement of income (loss). We have not been allocated any portion of the Plan's net pension liability.

Year Ended December 31,	2014			2013			2012
	(in millions)
Service cost – benefits earned during the period	$	5		$	5		$	4
Interest cost on projected benefit obligation	51			50			47
Expected return on assets	(62		)	(61		)	(65		)
Recognized losses	24			35			33
Curtailment gain	—			—			(4		)
Amortization of prior service costs	—			—			(1		)
Pension expense	$	18		$	29		$	14

Schedule of Assumptions Used

The assumptions used in determining pension expense of the HSBC North America Pension Plan are as follows:

	2014		2013		2012
Discount rate	4.80	%	3.95	%	4.60	%
Salary increase assumption	*		*		2.75
Expected long-term rate of return on Plan assets	6.00		6.00		7.00

^*  As a result of the decision to cease all future contributions under the Cash Balance formula and to freeze the Plan effective January 1, 2013, a salary increase assumption no longer applies to the Plan.