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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2016
Compensation and Retirement Disclosure [Abstract]  
Schedule of aggregate amounts charged to expense
The following table presents the aggregate amounts charged to expense in connection with these plans:
Year ended December 31,
 (in millions)
 
Amount
2016
 
$
11

2015
 
12

2014
 
15

Schedule of funded status of defined benefit plans recognized in the consolidate balance sheets
The Company recognizes the funded status of its defined benefit pension plans, measured as the difference between the fair value of the plan assets and the projected benefit obligation, in the consolidated balance sheets, as follows:
 
 
As of December 31,
(in millions) 
 
2016
 
2015
U.K. plan:

 


 

Plan benefit obligations

$
(713
)

$
(715
)
Fair value of plan assets

808


783

Net pension assets (a)

95


68

 
 
 
 
 
U.S. and other foreign plans:

 
 
 

Plan benefit obligations (b)

(222
)

(252
)
Fair value of plan assets

137


154

Net pension liabilities (c)

(85
)

(98
)
Funded status of the plans

$
10


$
(30
)
 
(a)
Pension assets are included in “Other long-term assets” of the consolidated balance sheets.
(b)
Reflects a $30 million reduction in plan benefit obligations resulting from the cash settlement of certain employee pension fund obligations, which resulted in a settlement loss of $10 million .
(c)
Pension liabilities are included in “Other long-term liabilities” of the consolidated balance sheets.
Schedule of estimated future benefit payments, which reflect expected future service
The estimated future benefit payments, which reflect expected future service, are expected to be as follows:
Year ended December 31,
 (in millions) 
 
Amount
2017
 
$
35

2018
 
37

2019
 
39

2020
 
39

2021
 
40

2022-2026
 
217