Retirement and Post-retirement Benefit Plans (Tables)

3 Months Ended

Mar. 31, 2016

Retirement and Postretirement Benefit Plans

Components of the net periodic benefit cost (in millions)

The following tables set forth the components of the net periodic benefit costs for Occidental’s defined benefit pension and post-retirement benefit plans for the three months ended March 31, 2016 and 2015 (in millions):

Three months ended March 31	2016				2015
Net Periodic Benefit Costs	Pension Benefit		Post- retirement Benefit		Pension Benefit		Post- retirement Benefit
Service cost	$	2	$	5	$	2	$	7
Interest cost	4		10		5		10
Expected return on plan assets	(6)		—		(7)		—
Recognized actuarial loss	3		5		2		7
Total	$	3	$	20	$	2	$	24