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Pension Benefit Plans and Other Postretirement Benefits | 9 Months Ended
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Sep. 30, 2014
Pension Benefit Plans and Other Postretirement Benefits |
Pension Benefit Plans and Other Postretirement Benefits | 6. Pension Benefit Plans and Other Postretirement Benefits The components of the net periodic pension cost for the three months ended September 30, 2014 and 2013 are as follows:
|  | U.S. |  | Non-U.S. |
|  | 2014 |  | 2013 |  | 2014 |  | 2013 |
Service cost |  | $ | 5 |  | $ | 6 |  | $ | 6 |  | $ | 9 |
Interest cost |  | 27 |  | 26 |  | 16 |  | 17 |
Expected asset return |  | (45 | ) | (45 | ) | (23 | ) | (23 | )
Amortization: |  |  |  |  |  |  |  |  |
Prior Service cost |  |  |  |  |  | (1 | ) |  |
Actuarial loss |  | 19 |  | 28 |  | 5 |  | 7 |
Net periodic pension cost |  | $ | 6 |  | $ | 15 |  | $ | 3 |  | $ | 10 |
The components of the net periodic pension cost for the nine months ended September 30, 2014 and 2013 are as follows:
|  | U.S. |  | Non-U.S. |
|  | 2014 |  | 2013 |  | 2014 |  | 2013 |
Service cost |  | $ | 17 |  | $ | 20 |  | $ | 20 |  | $ | 25 |
Interest cost |  | 80 |  | 80 |  | 53 |  | 51 |
Expected asset return |  | (132 | ) | (137 | ) | (69 | ) | (68 | )
Amortization: |  |  |  |  |  |  |  |  |
Prior Service cost |  |  |  |  |  | (2 | ) |  |
Actuarial loss |  | 55 |  | 83 |  | 16 |  | 23 |
Net periodic pension cost |  | $ | 20 |  | $ | 46 |  | $ | 18 |  | $ | 31 |
The U.S. pension expense for the nine months ended September 30, 2013 excludes $8 million of special termination benefits that were recorded in discontinued operations. During the nine months ended September 30, 2013, the Company recorded a curtailment gain of $5 million related to modifications made to one of its U.S. postretirement benefit plans that reduced or eliminated certain health care and life insurance benefits. These modifications also resulted in a $55 million reduction in the postretirement benefit obligation that was recognized in accumulated other comprehensive income. On October 1, 2014, the Company settled the liability associated with its pension plan in the Netherlands. The settlement is expected to result in a non-cash charge of approximately $35 million ($25 million after tax) in the fourth quarter of 2014.

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- Definition The entire disclosure for pension and other postretirement benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 70 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6414718&loc=d3e28014-114942 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e2410-114920 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 80 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=35742057&loc=SL14450702-114947 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 60 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6414199&loc=d3e39622-114963 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 60 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6414203&loc=d3e39675-114964 + Details
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