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Postretirement Benefit Plans | 3 Months Ended
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Mar. 31, 2020
Retirement Benefits [Abstract] |
Postretirement Benefit Plans | Postretirement Benefit Plans The components of net periodic benefit cost for our defined benefit pension plans are as follows:
| Three Months Ended |  |  |  |  |  |
| March 31, |  |  |  |  |  |
(in millions) | 2020 |  | 2019 |  |  |  |
Domestic defined benefit pension plans: |  |  |  |  |  |  |
Service cost | $ | 1 |  |  | $ | 1 |  |  |  |  |
Interest cost | 1 |  |  | 1 |  |  |  |  |
Expected return on plan assets | (2) |  |  | (2) |  |  |  |  |
Amortization of net actuarial loss | 1 |  |  | — |  |  |  |  |
Net periodic benefit cost | $ | 1 |  |  | $ | — |  |  |  |  |
International defined benefit pension plans: |  |  |  |  |  |  |
Service cost | $ | 3 |  |  | $ | 3 |  |  |  |  |
Interest cost | 4 |  |  | 5 |  |  |  |  |
Expected return on plan assets | (4) |  |  | (9) |  |  |  |  |
Amortization of net actuarial loss | 3 |  |  | 2 |  |  |  |  |
Net periodic benefit cost | $ | 6 |  |  | $ | 1 |  |  |  |  |
Total net periodic benefit cost | $ | 7 |  |  | $ | 1 |  |  |  |  |
The components of net periodic benefit cost other than the service cost component are included in the line item "Other non-operating income, net" in the Condensed Consolidated Income Statements. The total net periodic benefit cost for other postretirement employee benefit plans was less than $1 million including net credits recognized into other comprehensive income of less than $1 million for the three months ended March 31, 2020 and March 31, 2019, respectively. We contributed $12 million and $5 million to our defined benefit plans during the three months ended March 31, 2020 and 2019, respectively. Additional contributions ranging between approximately $10 million and $20 million are expected during the remainder of 2020. During Q1 2020, the Company purchased a bulk annuity policy with an insurance company for its largest defined benefit plan in the UK, as a plan asset, to facilitate the termination and buy-out of the plan. The bulk annuity fully insures the benefits payable to the participants of the plan until a full buy-out of the plan can be executed, which is expected to occur in 2021. Included in the Company's Q1 contributions is $5 million paid to meet the shortfall between the cost of the bulk annuity policy and the plan assets. As a result of the change in assets from a mix of equities and bonds to the bulk annuity, the plan's expected rate of return on assets was reduced to 1.00% at December 31, 2019. The rate at December 31, 2018 was 7.25%. On January 27, 2020, the plan's assets of $336 million were transferred to the insurance company for the purchase of the bulk annuity.

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- Definition The entire disclosure for pension and other postretirement benefits. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 + Details
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