10. EMPLOYEE BENEFIT PLANS
ÌýÌýÌýÌýÌýÌýÌýÌýComponents of the net periodic benefit costs for the three and six months ended JuneÌý30, 2014 and 2013 were as follows (dollars in millions):
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation
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Ìý
|
Ìý |
Defined
Benefit Plans |
Ìý |
Other
Postretirement
Benefit Plans |
Ìý |
Ìý
|
Ìý |
Three months
ended
JuneÌý30, |
Ìý |
Three months
ended
JuneÌý30, |
Ìý |
Ìý
|
Ìý |
2014 |
Ìý |
2013 |
Ìý |
2014 |
Ìý |
2013 |
Ìý |
Service cost
|
Ìý |
$ |
15 |
Ìý |
$ |
16 |
Ìý |
$ |
� |
Ìý |
$ |
1 |
Ìý |
Interest cost
|
Ìý |
Ìý |
37 |
Ìý |
Ìý |
32 |
Ìý |
Ìý |
2 |
Ìý |
Ìý |
1 |
Ìý |
Expected return on assets
|
Ìý |
Ìý |
(49 |
) |
Ìý |
(42 |
) |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Amortization of prior service benefit
|
Ìý |
Ìý |
(2 |
) |
Ìý |
(1 |
) |
Ìý |
(1 |
) |
Ìý |
(1 |
) |
Amortization of actuarial loss
|
Ìý |
Ìý |
13 |
Ìý |
Ìý |
20 |
Ìý |
Ìý |
1 |
Ìý |
Ìý |
1 |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
Net periodic benefit cost
|
Ìý |
$ |
14 |
Ìý |
$ |
25 |
Ìý |
$ |
2 |
Ìý |
$ |
2 |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
� |
� |
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� |
� |
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� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
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� |
� |
� |
� |
� |
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Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý
|
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|
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|
|
|
|
Ìý
|
Ìý |
Defined
Benefit Plans |
Ìý |
Other
Postretirement
Benefit Plans |
Ìý |
Ìý
|
Ìý |
Six months
ended
JuneÌý30, |
Ìý |
Six months
ended
JuneÌý30, |
Ìý |
Ìý
|
Ìý |
2014 |
Ìý |
2013 |
Ìý |
2014 |
Ìý |
2013 |
Ìý |
Service cost
|
Ìý |
$ |
30 |
Ìý |
$ |
33 |
Ìý |
$ |
1 |
Ìý |
$ |
2 |
Ìý |
Interest cost
|
Ìý |
Ìý |
74 |
Ìý |
Ìý |
65 |
Ìý |
Ìý |
3 |
Ìý |
Ìý |
2 |
Ìý |
Expected return on assets
|
Ìý |
Ìý |
(98 |
) |
Ìý |
(86 |
) |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Amortization of prior service benefit
|
Ìý |
Ìý |
(3 |
) |
Ìý |
(3 |
) |
Ìý |
(2 |
) |
Ìý |
(1 |
) |
Amortization of actuarial loss
|
Ìý |
Ìý |
26 |
Ìý |
Ìý |
40 |
Ìý |
Ìý |
1 |
Ìý |
Ìý |
1 |
Ìý |
Special termination benefits
|
Ìý |
Ìý |
3 |
Ìý |
Ìý |
5 |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Settlement loss
|
Ìý |
Ìý |
1 |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
Net periodic benefit cost
|
Ìý |
$ |
33 |
Ìý |
$ |
54 |
Ìý |
$ |
3 |
Ìý |
$ |
4 |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
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� |
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� |
� |
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� |
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� |
� |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International
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Ìý
|
Ìý |
Defined
Benefit Plans |
Ìý |
Other
Postretirement
Benefit Plans |
Ìý |
Ìý
|
Ìý |
Three months
ended
JuneÌý30, |
Ìý |
Three months
ended
JuneÌý30, |
Ìý |
Ìý
|
Ìý |
2014 |
Ìý |
2013 |
Ìý |
2014 |
Ìý |
2013 |
Ìý |
Service cost
|
Ìý |
$ |
15 |
Ìý |
$ |
17 |
Ìý |
$ |
� |
Ìý |
$ |
1 |
Ìý |
Interest cost
|
Ìý |
Ìý |
37 |
Ìý |
Ìý |
32 |
Ìý |
Ìý |
2 |
Ìý |
Ìý |
1 |
Ìý |
Expected return on assets
|
Ìý |
Ìý |
(49 |
) |
Ìý |
(42 |
) |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Amortization of prior service benefit
|
Ìý |
Ìý |
(2 |
) |
Ìý |
(1 |
) |
Ìý |
(1 |
) |
Ìý |
(1 |
) |
Amortization of actuarial loss
|
Ìý |
Ìý |
15 |
Ìý |
Ìý |
21 |
Ìý |
Ìý |
1 |
Ìý |
Ìý |
1 |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
Net periodic benefit cost
|
Ìý |
$ |
16 |
Ìý |
$ |
27 |
Ìý |
$ |
2 |
Ìý |
$ |
2 |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
� |
� |
� |
� |
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� |
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� |
� |
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� |
� |
� |
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� |
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Ìý |
Ìý |
Ìý |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ìý
|
Ìý |
Defined
Benefit Plans |
Ìý |
Other
Postretirement
Benefit Plans |
Ìý |
Ìý
|
Ìý |
Six months
ended
JuneÌý30, |
Ìý |
Six months
ended
JuneÌý30, |
Ìý |
Ìý
|
Ìý |
2014 |
Ìý |
2013 |
Ìý |
2014 |
Ìý |
2013 |
Ìý |
Service cost
|
Ìý |
$ |
30 |
Ìý |
$ |
34 |
Ìý |
$ |
1 |
Ìý |
$ |
2 |
Ìý |
Interest cost
|
Ìý |
Ìý |
74 |
Ìý |
Ìý |
65 |
Ìý |
Ìý |
3 |
Ìý |
Ìý |
2 |
Ìý |
Expected return on assets
|
Ìý |
Ìý |
(98 |
) |
Ìý |
(86 |
) |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Amortization of prior service benefit
|
Ìý |
Ìý |
(3 |
) |
Ìý |
(3 |
) |
Ìý |
(2 |
) |
Ìý |
(1 |
) |
Amortization of actuarial loss
|
Ìý |
Ìý |
30 |
Ìý |
Ìý |
42 |
Ìý |
Ìý |
1 |
Ìý |
Ìý |
1 |
Ìý |
Special termination benefits
|
Ìý |
Ìý |
3 |
Ìý |
Ìý |
5 |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Settlement loss
|
Ìý |
Ìý |
1 |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
Net periodic benefit cost
|
Ìý |
$ |
37 |
Ìý |
$ |
57 |
Ìý |
$ |
3 |
Ìý |
$ |
4 |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
ÌýÌýÌýÌýÌýÌýÌýÌýDuring the six months ended JuneÌý30, 2014 and 2013, we made contributions to our pension and other postretirement benefit plans of $60Ìýmillion and $76Ìýmillion, respectively. During the remainder of 2014, we expect to contribute an additional amount of approximately $76Ìýmillion to these plans.
ÌýÌýÌýÌýÌýÌýÌýÌýBeginning JulyÌý1, 2014, the ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Defined Benefit Pension Plan was closed to new, non-union entrants. New, non-union entrants will be provided with a defined contribution plan with a non-discretionary employer contribution and a company match.
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