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Retirement Plans
6 Months Ended
Jun. 30, 2016
Compensation And Retirement Disclosure [Abstract]  
Retirement Plans

8. Retirement Plans

Components of net periodic pension cost consisted of the following:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

 

 

(In millions)

 

Service cost

 

$

16

 

 

$

18

 

 

$

32

 

 

$

35

 

Interest cost

 

 

28

 

 

 

26

 

 

 

56

 

 

 

52

 

Expected return on plan assets

 

 

(42

)

 

 

(43

)

 

 

(84

)

 

 

(85

)

Amortization of unrecognized net actuarial losses

 

 

16

 

 

 

20

 

 

 

32

 

 

 

39

 

Settlement loss

 

 

 

 

 

5

 

 

 

 

 

 

5

 

Pension expense

 

$

18

 

 

$

26

 

 

$

36

 

 

$

46

 

In 2016, we expect to contribute $27 million to our funded pension plans.  Through June 30, 2016, we have contributed $13 million to these plans.