XML 67 R16.htm IDEA: XBRL DOCUMENT v2.4.1.9
Pension Benefits Pension Benefits
 9 Months Ended
Dec. 31, 2014
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]  
Pension and Other Postretirement Benefits Disclosure [Text Block]
Pension Benefits
Net periodic expense for the defined pension benefit plans was $15 million and $38 million for the third quarter and first nine months of 2015 and $9 million and $30 million for the third quarter and first nine months of 2014. Cash contributions to these plans were $35 million and $65 million for the third quarter and first nine months of 2015 and $4 million and $9 million for the third quarter and first nine months 2014. The increase in contributions in 2015 compared to 2014 is primarily related to defined benefit pension plans of Celesio, which we acquired in the fourth quarter of 2014.
The net periodic expense for our pension plans, which includes net pension expense for Celesio in 2015, is as follows:
 
U.S. Plans
 
Non-U.S. Plans
 
U.S. Plans
 
Non-U.S. Plans
 
Quarter Ended December 31,
 
Quarter Ended December 31,
 
Nine Months Ended December 31,
 
Nine Months Ended December 31,
(In millions)
2014
 
2013
 
2014
 
2013
 
2014
 
2013
 
2014
 
2013
Service cost - benefits earned during the year
$
—

 
$
1

 
$
4

 
$
—

 
$
1

 
$
3

 
$
13

 
$
2

Interest cost on projected benefit obligation
5

 
5

 
8

 
2

 
14

 
15

 
26

 
5

Expected return on assets
(5
)
 
(5
)
 
(8
)
 
(2
)
 
(16
)
 
(15
)
 
(23
)
 
(6
)
Amortization of unrecognized actuarial loss, prior service costs and net transitional obligation
5

 
8

 
1

 
1

 
15

 
24

 
3

 
3

Curtailment loss (gain)
—

 
—

 
5

 
(1
)
 
—

 
—

 
5

 
(1
)
Net periodic pension expense
$
5

 
$
9

 
$
10

 
$
—

 
$
14

 
$
27

 
$
24

 
$
3


The projected unit credit method is utilized in measuring net periodic pension expense over the employees’ service life for the pension plans. Unrecognized actuarial losses exceeding 10% of the greater of the projected benefit obligation or the market value of assets are amortized straight-line over the average remaining future service periods.