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RETIREMENT PLANS
 3 Months Ended
Mar. 31, 2017
Compensation and Retirement Disclosure [Abstract]  
RETIREMENT PLANS
RETIREMENT PLANS

Defined Benefit Pension Plans and Other Postretirement Benefit Plans

Eastman maintains defined benefit pension plans that provide eligible employees with retirement benefits. In addition, Eastman provides life insurance for eligible retirees hired prior to January 1, 2007. Eastman provides a subsidy for pre-Medicare health care and dental benefits to eligible retirees hired prior to January 1, 2007 that will end on December 31, 2021. Company funding is also provided for eligible Medicare retirees hired prior to January 1, 2007 with a health reimbursement arrangement. Costs recognized for these benefits are estimated amounts, which may change as actual costs derived for the year are determined.

For additional information regarding retirement plans, see Note 11, "Retirement Plans", to the consolidated financial statements in Part II, Item 8 of the Company's 2016 Annual Report on Form 10-K.

Components of net periodic benefit (credit) cost were as follows:
 
First Quarter
 
Pension Plans
 
Other Postretirement Benefit Plans
 
2017
 
2016
 
2017
 
2016
(Dollars in millions)
U.S.
 
Non-U.S.
 
U.S.
 
Non-U.S.
 
 
 
 
Components of net periodic benefit (credit) cost:
 
 
 
 
 
 
 
 
 
 
 
Service cost
$
9

 
$
3

 
$
10

 
$
3

 
$
1

 
$
2

Interest cost
17

 
5

 
18

 
6

 
6

 
7

Expected return on assets
(35
)
 
(8
)
 
(34
)
 
(8
)
 
(2
)
 
(2
)
Amortization of:
 
 
 
 
 
 
 
 
 
 
 
Prior service credit, net
(1
)
 
—

 
(1
)
 
—

 
(10
)
 
(10
)
Net periodic benefit (credit) cost
$
(10
)
 
$
—

 
$
(7
)
 
$
1

 
$
(5
)
 
$
(3
)