PENSION BENEFITS

Certain of Delphi’s non-U.S. subsidiaries sponsor defined benefit pension plans, which generally provide benefits based on negotiated amounts for each year of service. Delphi’s primary non-U.S. plans are located in France, Germany, Mexico, Portugal and the United Kingdom (“U.K.”). The U.K. and certain Mexican plans are funded. In addition, Delphi has defined benefit plans in South Korea, Turkey and Italy for which amounts are payable to employees immediately upon separation. The obligations for these plans are recorded over the requisite service period.

Delphi sponsors a Supplemental Executive Retirement Program (“SERP”) for those employees who were U.S. executives of the former Delphi Corporation (now known as DPH Holdings Corp. (“DPHH”)) prior to September 30, 2008 and were still U.S. executives of Delphi on October 7, 2009, the effective date of the program. This program is unfunded. Executives receive benefits over 5 years after an involuntary or voluntary separation from Delphi. The SERP is closed to new members.

The amounts shown below reflect the defined benefit pension expense, including amounts attributable to discontinued operations, for the three and six months ended June 30, 2015 and 2014:



	Non-U.S. Plans						U.S. Plans

	Three Months Ended June 30,
	2015			2014			2015		2014

	(in millions)
Service cost	$	14		$	16		$	—	$	—
Interest cost	18			26			1		1
Expected return on plan assets	(18		)	(21		)	—		—
Settlement loss	3			—			—		—
Amortization of actuarial losses	5			2			—		—
Net periodic benefit cost	$	22		$	23		$	1	$	1



	Non-U.S. Plans						U.S. Plans

	Six Months Ended June 30,
	2015			2014			2015		2014

	(in millions)
Service cost	$	29		$	30		$	—	$	—
Interest cost	39			50			1		1
Expected return on plan assets	(38		)	(40		)	—		—
Settlement loss	3			—			—		—
Amortization of actuarial losses	9			4			—		—
Net periodic benefit cost	$	42		$	44		$	1	$	1

Other postretirement benefit obligations were approximately $3 million and $3 million at June 30, 2015 and December 31, 2014, respectively.