Pension Benefit Plans

6 Months Ended

Jun. 30, 2017

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, 2017 and 2016 are as follows:

	U.S.				Non-U.S.
	2017		2016		2017		2016
Service cost	$	4	$	4	$	4	$	5
Interest cost		20		25		11		13
Expected asset return		(33)		(38)		(18)		(21)
Amortization:
Actuarial loss		15		16		5		5
Net periodic pension cost	$	6	$	7	$	2	$	2

The components of the net periodic pension cost for the six months ended June 30, 2017 and 2016 are as follows:

	U.S.				Non-U.S.
	2017		2016		2017		2016
Service cost	$	8	$	8	$	8	$	9
Interest cost		40		49		22		26
Expected asset return		(66)		(76)		(36)		(42)
Amortization:
Actuarial loss		29		31		10		10
Net periodic pension cost	$	11	$	12	$	4	$	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.