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Employee Benefit Plans | 9 Months Ended
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Sep. 30, 2017
Employee Benefit Plans | NOTE 5 - EMPLOYEE BENEFIT PLANS Defined Benefit Pension and Other Postretirement Benefit Plans. The Company’s net periodic benefit cost includes the following components (in millions):
|  | Pension Benefits |  |  | Other Postretirement Benefits |
|  | Three Months Ended September 30, |  |  | Three Months Ended September 30, |
|  | 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |
Service cost |  | $ | 48 |  |  | $ | 29 |  |  | $ | 4 |  |  | $ | 4 |
Interest cost |  |  | 55 |  |  |  | 50 |  |  |  | 16 |  |  |  | 22 |
Expected return on plan assets |  |  | (61) |  |  |  | (54) |  |  |  | — |  |  |  | — |
Amortization of unrecognized (gain) loss and prior service cost (credit) |  |  | 32 |  |  |  | 19 |  |  |  | (18) |  |  |  | (13) |
Settlement loss |  |  | 3 |  |  |  | 2 |  |  |  | — |  |  |  | — |
Curtailment gain |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (47) |
Total |  | $ | 77 |  |  | $ | 46 |  |  | $ | 2 |  |  | $ | (34) |
|  | Pension Benefits |  |  | Other Postretirement Benefits |
|  | Nine Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |
Service cost |  | $ | 146 |  |  | $ | 84 |  |  | $ | 10 |  |  | $ | 14 |
Interest cost |  |  | 165 |  |  |  | 151 |  |  |  | 50 |  |  |  | 66 |
Expected return on plan assets |  |  | (182) |  |  |  | (162) |  |  |  | (1) |  |  |  | (1) |
Amortization of unrecognized (gain) loss and prior service cost (credit) |  |  | 95 |  |  |  | 57 |  |  |  | (54) |  |  |  | (40) |
Settlement loss |  |  | 5 |  |  |  | 4 |  |  |  | — |  |  |  | — |
Curtailment gain |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (47) |
Total |  | $ | 229 |  |  | $ | 134 |  |  | $ | 5 |  |  | $ | (8) |
During the three and nine months ended September 30, 2017, the Company contributed $160 million and $400 million, respectively, to its U.S. domestic tax-qualified defined benefit pension plans. Share-Based Compensation. During the first nine months of 2017, UAL’s Board of Directors and stockholders approved the United Continental Holdings, Inc. 2017 Incentive Compensation Plan (the “2017 Plan”). The 2017 Plan is an incentive compensation plan that allows the Company to use different forms of long-term equity incentives to attract, retain, and reward officers and employees (including prospective officers and employees). The 2017 Plan replaced the United Continental Holdings, Inc. 2008 Incentive Compensation Plan (the “2008 Plan”). Any awards granted under the 2008 Plan prior to the approval of the 2017 Plan remain in effect pursuant to their terms. Awards may not be granted under the 2017 Plan after May 24, 2027. Under the 2017 Plan, the Company may grant: non-qualified stock options, incentive stock options (within the meaning of Section 422 of the Internal Revenue Code of 1986), stock appreciation rights, restricted shares, restricted share units (“RSUs”), performance compensation awards, performance units, cash incentive awards, other equity-based and equity-related awards, and dividends and dividend equivalents. In the nine months ended September 30, 2017, UAL granted share-based compensation awards pursuant to both the 2008 Plan and the 2017 Plan. These share-based compensation awards include 1.5 million RSUs, consisting of 0.9 million time-vested RSUs and 0.6 million performance-based RSUs, and 36,000 stock options. The time-vested RSUs vest pro-rata, on February 28th of each year, over a three year period from the date of grant. These RSUs are generally equity awards settled in stock for domestic employees and liability awards settled in cash for international employees. The cash payments are based on the 20-day average closing price of UAL common stock immediately prior to the vesting date. The performance-based RSUs vest based on the Company’s relative improvement in pre-tax margin for the three years ending December 31, 2019. If this performance condition is achieved, cash payments will be made after the end of the performance period based on the 20-day average closing price of UAL common stock immediately prior to the vesting date. The Company accounts for the performance-based RSUs as liability awards. The table below presents information related to share-based compensation (in millions):
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |
Share-based compensation expense |  | $ | 10 |  |  | $ | 23 |  |  | $ | 66 |  |  | $ | 36 |
|  | September 30, 2017 |  |  | December 31, 2016 |  |  |  |  |  |  |
Unrecognized share-based compensation |  | $ | 90 |  |  | $ | 65 |  |  |  |  |  |  |  |  |

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- Definition The entire disclosure for an entity's employee compensation and benefit plans, including, but not limited to, postemployment and postretirement benefit plans, defined benefit pension plans, defined contribution plans, non-qualified and supplemental benefit plans, deferred compensation, share-based compensation, life insurance, severance, health care, unemployment and other benefit plans. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 712 -URI http://asc.fasb.org/topic&trid=2197446 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 710 -URI http://asc.fasb.org/topic&trid=2127225 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 + Details
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