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EMPLOYEE BENEFITS
 6 Months Ended
Jun. 30, 2017
EMPLOYEE BENEFITS  
EMPLOYEE BENEFITS

14. Employee Benefits

We sponsor various defined benefit pension plans, post-retirement medical and life insurance plans for eligible employees and retirees in the U.S. and certain non-U.S. countries.

The following table presents the components of net periodic benefit cost with respect to pensions and other postretirement benefits:

Pension Postretirement
U.S.Non-U.S.U.S.Non-U.S.
(in millions)PlansPlansTotalPlansPlansTotal
Three Months Ended June 30, 2017
Components of net periodic benefit cost:
Service cost$7$8$15$1$-$1
Interest cost42446112
Expected return on assets(64)(6)(70)---
Amortization of prior service credit---(1)-(1)
Amortization of net (gain) loss7310---
Curtailment loss------
Net periodic benefit cost (credit)$(8)$9$1$1$1$2
Three Months Ended June 30, 2016
Components of net periodic benefit cost:
Service cost$5$7$12$-$1$1
Interest cost45550213
Expected return on assets(74)(6)(80)---
Amortization of prior service credit---(3)-(3)
Amortization of net loss628---
Curtailment gain-(1)(1)---
Net periodic benefit cost (credit)$(18)$7$(11)$(1)$2$1
Six Months Ended June 30, 2017
Components of net periodic benefit cost:
Service cost$13$16$29$1$1$2
Interest cost85893325
Expected return on assets(128)(12)(140)---
Amortization of prior service credit---(1)-(1)
Amortization of net (gain) loss14620---
Curtailment loss------
Net periodic benefit cost (credit)$(16)$18$2$3$3$6
Six Months Ended June 30, 2016
Components of net periodic benefit cost:
Service cost$9$15$24$1$2$3
Interest cost9110101325
Expected return on assets(147)(13)(160)---
Amortization of prior service credit---(5)-(5)
Amortization of net loss12416---
Curtailment gain-(3)(3)---
Net periodic benefit cost (credit)$(35)$13$(22)$(1)$4$3