PENSION AND OTHER POSTRETIREMENT BENEFITS

6 Months Ended

Jun. 30, 2014

Pension and Other Post Retirements Disclosure Paragraph Details [Abstract]

Pension and Other Postretirement Benefits

Note16. Pension and Other Postretirement Benefits

       Net periodic pension and other postretirement benefits costs for our significant defined benefit plans include the following components:

Pension Benefits
		U.S. Plans
		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2014		2013		2014		2013
Service cost	$	60	$	68	$	120	$	136
Interest cost		192		168		385		336
Expected return on plan assets		(315)		(268)		(629)		(536)
Amortization of prior service cost		6		6		12		12
	$	(57)	$	(26)	$	(112)	$	(52)
		Non-U.S. Plans
		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2014		2013		2014		2013
Service cost	$	15	$	14	$	29	$	28
Interest cost		60		53		118		107
Expected return on plan assets		(90)		(75)		(179)		(152)
Amortization of transition obligation		1		1		1		1
Amortization of prior service (credit)		(1)		-		(1)		(1)
	$	(15)	$	(7)	$	(32)	$	(17)
Other Postretirement Benefits
		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2014		2013		2014		2013
Service cost	$	-	$	-	$	-	$	-
Interest cost		10		12		20		24
Amortization of prior service (credit)		(5)		(2)		(10)		(3)
Recognition of actuarial losses		6		10		12		20
Settlements and curtailments		-		(42)		-		(42)
	$	11	$	(22)	$	22	$	(1)

In the six months ended June 30, 2014, the Companycontributed $117 million of marketable securities and $23 million of cash to its non-U.S. pension plans.

During the second quarter of 2013, the Company amended its U.S. retiree medical plan eliminating the Company subsidy for certain union employees. The plan amendment resulted in a curtailment gain of $42 million which was included as part of net periodic postretirement benefit cost.

If required, a mark to market adjustment will be recorded in the fourth quarter of 2014 in accordance with our pension accounting method as described in Note 1 to our financial statements for the year ended December 31, 2013 contained in our Form 10-K filed on February 14, 2014.