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Pension, Savings and Other Postretirement Benefit Plans
6 Months Ended
Jun. 30, 2017
Retirement Benefits [Abstract]  
PENSION, SAVINGS AND OTHER POSTRETIREMENT BENEFIT PLANS
PENSION, SAVINGS AND OTHER POSTRETIREMENT BENEFIT PLANS
We provide employees with defined benefit pension or defined contribution savings plans.
Defined benefit pension cost follows:
 
U.S.
 
U.S.
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
(In millions)
2017
 
2016
 
2017
 
2016
Service cost
$
1

 
$
1

 
$
2

 
$
2

Interest cost
41

 
40

 
81

 
82

Expected return on plan assets
(61
)
 
(63
)
 
(121
)
 
(127
)
Amortization of net losses
28

 
27

 
56

 
54

Net periodic pension cost
9

 
5

 
18

 
11

Net curtailments/settlements/termination benefits
1

 

 
1

 

Total defined benefit pension cost
$
10

 
$
5

 
$
19

 
$
11

 
Non-U.S.
 
Non-U.S.
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
(In millions)
2017
 
2016
 
2017
 
2016
Service cost
$
8

 
$
8

 
$
15

 
$
15

Interest cost
18

 
21

 
35

 
41

Expected return on plan assets
(20
)
 
(24
)
 
(39
)
 
(46
)
Amortization of net losses
8

 
7

 
16

 
14

Net periodic pension cost
14

 
12

 
27

 
24

Net curtailments/settlements/termination benefits

 
13

 

 
13

Total defined benefit pension cost
$
14

 
$
25

 
$
27

 
$
37

 
 
 
 
 
 
 
 
During the second quarter of 2016, annuities were purchased from existing plan assets to settle $41 million in obligations of one of our U.K. pension plans which resulted in a settlement charge of $14 million.
We expect to contribute approximately $50 million to $75 million to our funded non-U.S. pension plans in 2017. For the three and six months ended June 30, 2017, we contributed $13 million and $27 million, respectively, to our non-U.S. plans.
The expense recognized for our contributions to defined contribution savings plans for the three months ended June 30, 2017 and 2016 was $28 million and $29 million, respectively, and for the six months ended June 30, 2017 and 2016 was $58 million and $63 million, respectively.
We also provide certain U.S. employees and employees at certain non-U.S. subsidiaries with health care benefits or life insurance benefits upon retirement. Other postretirement benefits credit for the three months ended June 30, 2017 and 2016 was $1 million and $7 million, respectively, and for the six months ended June 30, 2017 and 2016 was $3 million and $13 million, respectively.