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Employee Retirement Benefits
 6 Months Ended
Jun. 30, 2015
Compensation and Retirement Disclosure [Abstract]  
Employee Retirement Benefits
Employee Retirement Benefits

Effective December 31, 2014, the Company amended the The Hertz Corporation Account Balance Defined Benefit Pension Plan to permanently discontinue future benefit accruals and participation under the plan for non-union employees. The Company also increased employer contributions under the Company’s qualified 401(k) savings plan (the “401(k) Plan”). Effective January 1, 2015, eligible participants under the 401(k) Plan receive a matching employer contribution to their 401(k) Plan account equal to (i) 100% of the first 3% of employee contributions made by such participant and (ii) 50% of the next 2% of employee contributions, with the total amount of such matching employer contribution to be completely vested, subject to applicable limits under the United States Internal Revenue Code. Certain eligible participants under the 401(k) Plan also receive additional employer contribution amounts to their 401(k) Plan account depending on their years of service and age.

The following table sets forth the net periodic pension expense:
 
Pension Benefits
 
U.S.
 
Non-U.S.
 
Three Months Ended June 30,
(In millions)
2015
 
2014
 
2015
 
2014
Components of Net Periodic Benefit Cost:
 
 
 
 
 
 
 
Service cost
$
1

 
$
6

 
$
—

 
$
1

Interest cost
7

 
8

 
2

 
2

Expected return on plan assets
(10
)
 
(10
)
 
(4
)
 
(4
)
Net amortizations
1

 
—

 
1

 
—

Settlement loss
1

 
4

 
—

 
—

Net periodic pension expense (benefit)
$
—

 
$
8

 
$
(1
)
 
$
(1
)


 
Pension Benefits
 
U.S.
 
Non-U.S.
 
Six Months Ended June 30,
(In millions)
2015
 
2014
 
2015
 
2014
Components of Net Periodic Benefit Cost:
 
 
 
 
 
 
 
Service cost
$
2

 
$
14

 
$
1

 
$
2

Interest cost
14

 
16

 
4

 
4

Expected return on plan assets
(20
)
 
(20
)
 
(8
)
 
(8
)
Net amortizations
2

 
1

 
1

 
—

Settlement loss
2

 
4

 
—

 
—

Net periodic pension expense (benefit)
$
—

 
$
15

 
$
(2
)
 
$
(2
)

The Company's policy for funded plans is to contribute annually, at a minimum, amounts required by applicable laws, regulations and union agreements. From time to time, the Company makes contributions beyond those legally required. The Company made no contributions to its worldwide pension plans during the three months ended June 30, 2015, and contributed $3 million during the six months ended June 30, 2015, all of which was a discretionary contribution to the United Kingdom defined benefit pension plan (the "U.K. Plan"). For the three and six months ended June 30, 2014, the Company contributed $8 million and $17 million, respectively, to its worldwide pension plans. Amounts contributed during the six months ended June 30, 2014 included $3 million of discretionary contributions to the U.K. Plan. The Company does not anticipate contributing to the worldwide pension plans during the remainder of 2015.