Pension Benefit Plans

6 Months Ended

Jun. 30, 2016

Pension Benefit Plans.

Pension Benefit Plans

6.  Pension Benefit Plans

The components of the net periodic pension cost for the three months ended June 30, 2016 and 2015 are as follows:

	U.S.				Non-U.S.
	2016		2015		2016		2015
Service cost	$	4	$	6	$	5	$	5
Interest cost		25		24		13		12
Expected asset return		(38)		(42)		(21)		(21)
Amortization:
Actuarial loss		16		19		5		5
Net periodic pension cost	$	7	$	7	$	2	$	1

The components of the net periodic pension cost for the six months ended June 30, 2016 and 2015 are as follows:

	U.S.				Non-U.S.
	2016		2015		2016		2015
Service cost	$	8	$	12	$	9	$	9
Interest cost		49		48		26		24
Expected asset return		(76)		(84)		(42)		(42)
Amortization:
Actuarial loss		31		38		10		10
Net periodic pension cost	$	12	$	14	$	3	$	1

In March 2016, the Company remeasured the liability related to its hourly plan in the U.S. to reflect certain changes in future benefits. The remeasurement resulted in an increase to its pension liability of approximately $60 million and has been reflected in other comprehensive income.