Pension Benefit Plans

9 Months Ended

Sep. 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 September 30, 2016 and 2015 are as follows:

	U.S.				Non-U.S.
	2016		2015		2016		2015
Service cost	$	3	$	6	$	4	$	5
Interest cost		23		24		12		15
Expected asset return		(37)		(42)		(19)		(23)
Amortization:
Actuarial loss		16		17		5		5
Net periodic pension cost	$	5	$	5	$	2	$	2

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

	U.S.				Non-U.S.
	2016		2015		2016		2015
Service cost	$	11	$	18	$	13	$	14
Interest cost		72		72		38		39
Expected asset return		(113)		(126)		(61)		(65)
Amortization:
Actuarial loss		47		55		15		15
Net periodic pension cost	$	17	$	19	$	5	$	3

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.