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Pension and Other Postretirement Benefits
3 Months Ended
Mar. 31, 2019
Retirement Benefits [Abstract]  
Pension and Other Postretirement Benefits
Pension and Other Postretirement Benefits

The components of net periodic pension and other postretirement benefits costs for the three months ended March 31, 2019 and 2018 were as follows:
 
Three Months Ended
 
March 31,
Pension benefits – U.S. plans
2019
 
2018
Service cost
$
5

 
$
4

Interest cost
13

 
12

Expected return on plan assets
(18
)
 
(21
)
Recognized net loss
14

 
12

Net periodic cost
$
14

 
$
7


 
Three Months Ended
 
March 31,
Pension benefits – Non-U.S. plans
2019
 
2018
Service cost
$
4

 
$
7

Interest cost
19

 
19

Expected return on plan assets
(35
)
 
(40
)
Curtailment gain
(14
)
 

Recognized prior service credit

 
(3
)
Recognized net loss
10

 
11

Net periodic benefit
$
(16
)
 
$
(6
)


 
Three Months Ended
 
March 31,
Other postretirement benefits
2019
 
2018
Service cost
$

 
$

Interest cost
1

 
1

Recognized prior service credit
(9
)
 
(9
)
Recognized net loss
1

 
1

Net periodic benefit
$
(7
)
 
$
(7
)


In the three months ended March 31, 2019, the Company recorded a curtailment gain to recognize prior service credits that were previously recorded in accumulated other comprehensive income in connection with the closure of a non-U.S. defined benefit pension plan. Additionally, the Company may incur future settlement charges in 2019 related to the payment of lump sum buy-outs to settle certain pension obligations using plan assets.

The components of net periodic cost / (benefit) other than the service cost component are included in other pension and postretirement in the Consolidated Statement of Operations.












The following table provides information about amounts reclassified from accumulated other comprehensive income.

 
 
Three Months Ended
 
Details about accumulated other
 
March 31,
Affected line item in the
comprehensive income components
 
2019
 
2018
statement of operations
    Actuarial losses
 
$
25

 
$
24

Other pension and postretirement
    Prior service credit
 
(23
)
 
(12
)
Other pension and postretirement
 
 
2

 
12

Income before taxes
 
 
(1
)
 
(1
)
Provision for income taxes
Total reclassified
 
$
1

 
$
11

Net income