10. EMPLOYEE BENEFIT PLANS
ÌýÌýÌýÌýÌýÌýÌýÌýComponents of the net periodic benefit costs for the three and nine months ended SeptemberÌý30, 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
SeptemberÌý30, |
Ìý |
Three months
ended
SeptemberÌý30, |
Ìý |
Ìý
|
Ìý |
2014 |
Ìý |
2013 |
Ìý |
2014 |
Ìý |
2013 |
Ìý |
Service cost
|
Ìý |
$ |
14 |
Ìý |
$ |
18 |
Ìý |
$ |
1 |
Ìý |
$ |
1 |
Ìý |
Interest cost
|
Ìý |
Ìý |
36 |
Ìý |
Ìý |
32 |
Ìý |
Ìý |
1 |
Ìý |
Ìý |
2 |
Ìý |
Expected return on assets
|
Ìý |
Ìý |
(48 |
) |
Ìý |
(44 |
) |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Amortization of prior service benefit
|
Ìý |
Ìý |
(1 |
) |
Ìý |
(1 |
) |
Ìý |
(1 |
) |
Ìý |
(1 |
) |
Amortization of actuarial loss
|
Ìý |
Ìý |
13 |
Ìý |
Ìý |
19 |
Ìý |
Ìý |
� |
Ìý |
Ìý |
1 |
Ìý |
Special termination benefits
|
Ìý |
Ìý |
� |
Ìý |
Ìý |
2 |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Settlement loss
|
Ìý |
Ìý |
10 |
Ìý |
Ìý |
6 |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
Net periodic benefit cost
|
Ìý |
$ |
24 |
Ìý |
$ |
32 |
Ìý |
$ |
1 |
Ìý |
$ |
3 |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý
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|
Ìý
|
Ìý |
Defined
Benefit Plans |
Ìý |
Other
Postretirement
Benefit Plans |
Ìý |
Ìý
|
Ìý |
Nine months
ended
SeptemberÌý30, |
Ìý |
Nine months
ended
SeptemberÌý30, |
Ìý |
Ìý
|
Ìý |
2014 |
Ìý |
2013 |
Ìý |
2014 |
Ìý |
2013 |
Ìý |
Service cost
|
Ìý |
$ |
44 |
Ìý |
$ |
51 |
Ìý |
$ |
2 |
Ìý |
$ |
3 |
Ìý |
Interest cost
|
Ìý |
Ìý |
110 |
Ìý |
Ìý |
97 |
Ìý |
Ìý |
4 |
Ìý |
Ìý |
4 |
Ìý |
Expected return on assets
|
Ìý |
Ìý |
(146 |
) |
Ìý |
(130 |
) |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Amortization of prior service benefit
|
Ìý |
Ìý |
(4 |
) |
Ìý |
(4 |
) |
Ìý |
(3 |
) |
Ìý |
(2 |
) |
Amortization of actuarial loss
|
Ìý |
Ìý |
39 |
Ìý |
Ìý |
59 |
Ìý |
Ìý |
1 |
Ìý |
Ìý |
2 |
Ìý |
Special termination benefits
|
Ìý |
Ìý |
3 |
Ìý |
Ìý |
7 |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Settlement loss
|
Ìý |
Ìý |
11 |
Ìý |
Ìý |
6 |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
Net periodic benefit cost
|
Ìý |
$ |
57 |
Ìý |
$ |
86 |
Ìý |
$ |
4 |
Ìý |
$ |
7 |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
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
SeptemberÌý30, |
Ìý |
Three months
ended
SeptemberÌý30, |
Ìý |
Ìý
|
Ìý |
2014 |
Ìý |
2013 |
Ìý |
2014 |
Ìý |
2013 |
Ìý |
Service cost
|
Ìý |
$ |
14 |
Ìý |
$ |
17 |
Ìý |
$ |
1 |
Ìý |
$ |
1 |
Ìý |
Interest cost
|
Ìý |
Ìý |
36 |
Ìý |
Ìý |
32 |
Ìý |
Ìý |
1 |
Ìý |
Ìý |
2 |
Ìý |
Expected return on assets
|
Ìý |
Ìý |
(48 |
) |
Ìý |
(44 |
) |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Amortization of prior service benefit
|
Ìý |
Ìý |
(1 |
) |
Ìý |
(1 |
) |
Ìý |
(1 |
) |
Ìý |
(1 |
) |
Amortization of actuarial loss
|
Ìý |
Ìý |
15 |
Ìý |
Ìý |
22 |
Ìý |
Ìý |
� |
Ìý |
Ìý |
1 |
Ìý |
Special termination benefits
|
Ìý |
Ìý |
� |
Ìý |
Ìý |
2 |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Settlement loss
|
Ìý |
Ìý |
10 |
Ìý |
Ìý |
6 |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
Net periodic benefit cost
|
Ìý |
$ |
26 |
Ìý |
$ |
34 |
Ìý |
$ |
1 |
Ìý |
$ |
3 |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
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Ìý |
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Ìý |
Ìý |
Ìý |
Ìý
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ìý
|
Ìý |
Defined
Benefit Plans |
Ìý |
Other
Postretirement
Benefit Plans |
Ìý |
Ìý
|
Ìý |
Nine months
ended
SeptemberÌý30, |
Ìý |
Nine months
ended
SeptemberÌý30, |
Ìý |
Ìý
|
Ìý |
2014 |
Ìý |
2013 |
Ìý |
2014 |
Ìý |
2013 |
Ìý |
Service cost
|
Ìý |
$ |
44 |
Ìý |
$ |
51 |
Ìý |
$ |
2 |
Ìý |
$ |
3 |
Ìý |
Interest cost
|
Ìý |
Ìý |
110 |
Ìý |
Ìý |
97 |
Ìý |
Ìý |
4 |
Ìý |
Ìý |
4 |
Ìý |
Expected return on assets
|
Ìý |
Ìý |
(146 |
) |
Ìý |
(130 |
) |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Amortization of prior service benefit
|
Ìý |
Ìý |
(4 |
) |
Ìý |
(4 |
) |
Ìý |
(3 |
) |
Ìý |
(2 |
) |
Amortization of actuarial loss
|
Ìý |
Ìý |
45 |
Ìý |
Ìý |
64 |
Ìý |
Ìý |
1 |
Ìý |
Ìý |
2 |
Ìý |
Special termination benefits
|
Ìý |
Ìý |
3 |
Ìý |
Ìý |
7 |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Settlement loss
|
Ìý |
Ìý |
11 |
Ìý |
Ìý |
6 |
Ìý |
Ìý |
� |
Ìý |
Ìý |
� |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
Net periodic benefit cost
|
Ìý |
$ |
63 |
Ìý |
$ |
91 |
Ìý |
$ |
4 |
Ìý |
$ |
7 |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
� |
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Ìý |
Ìý |
Ìý |
ÌýÌýÌýÌýÌýÌýÌýÌýDuring the nine months ended SeptemberÌý30, 2014 and 2013, we made contributions to our pension and other postretirement benefit plans of $113Ìýmillion and $130Ìýmillion, respectively. During the remainder of 2014, we expect to contribute an additional amount of approximately $30Ìýmillion to these plans, excluding expected contributions to employee benefit plans assumed in the Rockwood Acquisition.
ÌýÌýÌýÌýÌýÌýÌýÌýIn connection with employee terminations related to restructuring programs, we recorded noncash pension settlement losses of $11Ìýmillion and $6Ìýmillion for the nine months ended SeptemberÌý30, 2014 and 2013, respectively.
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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