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Benefit Plans
3 Months Ended
Mar. 31, 2015
Benefit Plans

Note 9. Benefit Plans

Pension Plans

Components of Net Periodic Pension Cost:

Net periodic pension cost consisted of the following:

 

                                                                           
    U.S. Plans     Non-U.S. Plans  
  For the Three Months Ended March 31,     For the Three Months Ended March 31,  
    2015     2014     2015     2014  
    (in millions)  

Service cost

  $ 17      $ 15      $ 50      $ 44   

Interest cost

    17        17        77        97   

Expected return on plan assets

    (23     (20     (119     (123

Amortization:

       

Net loss from experience differences

    12        8        39        27   

Settlement losses

    3        2               5   
 

 

 

   

 

 

   

 

 

   

 

 

 

Net periodic pension cost

$ 26    $ 22    $ 47    $ 50   
 

 

 

   

 

 

   

 

 

   

 

 

 

Employer Contributions:

We make contributions to our U.S. and non-U.S. pension plans primarily to the extent that they are tax deductible and do not generate an excise tax liability. During the three months ended March 31, 2015, we contributed $202 million to our U.S. plans and $116 million to our non-U.S. plans. Based on current tax law, we plan to make further contributions of approximately $8 million to our U.S. plans and approximately $203 million to our non-U.S. plans during the remainder of 2015. However, our actual contributions may differ due to many factors, including changes in tax and other benefit laws or significant differences between expected and actual pension asset performance or interest rates.

 

Postretirement Benefit Plans

Net postretirement health care costs consisted of the following:

 

                                     
     For the Three Months Ended  
     March 31,  
     2015      2014  
     (in millions)  

Service cost

   $ 4       $ 3   

Interest cost

     6         5   

Amortization:

     

Net loss from experience differences

     3         2   

Prior service credit

     (2      (3
  

 

 

    

 

 

 

Net postretirement health care costs

$ 11    $ 7   
  

 

 

    

 

 

 

Postemployment Benefit Plans

Net postemployment costs consisted of the following:

 

                                     
     For the Three Months Ended  
     March 31,  
     2015      2014  
     (in millions)  

Service cost

   $ 2       $ 2   

Interest cost

     1         2   
  

 

 

    

 

 

 

Net postemployment costs

$ 3    $ 4