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RETIREMENT AND POSTRETIREMENT BENEFIT PLANS
 3 Months Ended
Mar. 31, 2016
RETIREMENT AND POSTRETIREMENT BENEFIT PLANS  
RETIREMENT AND POSTRETIREMENT BENEFIT PLANS

 

NOTE  9RETIREMENT AND POSTRETIREMENT BENEFIT PLANS

 

The following table sets forth the components of the net periodic benefit costs for our defined benefit pension and postretirement benefit plans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended March 31,

 

 

2016

 

2015

 

 

Pension
Benefit

 

Postretirement
Benefit

 

Pension
Benefit

 

Postretirement
Benefit

 

 

(in millions)

Service cost

 

$

—

 

 

$
1

 

$
1

 

 

$
1

Interest cost

 
1

 

 
1

 
1

 

 
1

Expected return on plan assets

 
(1

)

 

—

 
(1

)

 

—

Settlement loss

 
3

 

 

—

 

—

 

 

—

 

 

 

 

 

 

 

 

 

 

 

Total

 

$
3

 

 

$
2

 

$
1

 

 

$
2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

We contributed $5 million to our defined benefit pension plans during the three months ended March 31, 2016.  We did not make any contributions during the three-month period ended March 31, 2015.  We expect to satisfy minimum funding requirements with contributions of $3 million to our defined benefit pension plans during the remainder of 2016.   The 2016 settlement was associated with employee reductions.