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Employee Retirement Plans
 6 Months Ended
Jun. 30, 2015
Employee Retirement Plans  
Employee Retirement Plans

 

K. EMPLOYEE RETIREMENT PLANS

 

Net periodic pension cost for our defined-benefit pension plans was as follows, in millions:

 

 

 

Three Months Ended June 30,

 

 

 

2015

 

2014

 

 

 

Qualified 

 

Non-Qualified

 

Qualified

 

Non-Qualified

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$
1

 

$

—

 

$
1

 

$

—

 

Interest cost

 
11

 
3

 
13

 
2

 

Expected return on plan assets

 
(12

)

—

 
(12

)

—

 

Amortization of net loss

 
5

 

—

 
3

 

—

 

 

 

 

 

 

 

 

 

 

 

Net periodic pension cost

 

$
5

 

$
3

 

$
5

 

$
2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30,

 

 

 

2015

 

2014

 

 

 

Qualified 

 

Non-Qualified

 

Qualified

 

Non-Qualified

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$
2

 

$

—

 

$
2

 

$

—

 

Interest cost

 
23

 
4

 
26

 
4

 

Expected return on plan assets

 
(23

)

—

 
(24

)

—

 

Amortization of net loss

 
9

 
1

 
6

 

—

 

 

 

 

 

 

 

 

 

 

 

Net periodic pension cost

 

$
11

 

$
5

 

$
10

 

$
4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

We participate in one regional multi-employer pension plan, principally related to one of our manufacturing companies; the plan is not considered significant to us.

 

Effective January 1, 2010, we froze all future benefit accruals under substantially all of our domestic qualified and non-qualified defined benefit pension plans.  Future benefit accruals related to our foreign non-qualified plans were frozen several years ago.