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Employee Benefit Plans
6 Months Ended
Jun. 30, 2018
Employee-related Liabilities [Abstract]  
Employee Benefit Plans
EMPLOYEE BENEFIT PLANS
Defined Benefit Pension and Other Postretirement Benefit Plans. The Company's net periodic benefit cost includes the following components for the three months ended June 30 (in millions):
 
 
Pension Benefits
 
Other Postretirement Benefits
 
Affected Line Item
in the Statements of
Consolidated Operations
 
 
2018
 
2017
 
2018
 
2017
 
 
Service cost
 
$
57

 
$
49

 
$
3

 
$
4

 
Salaries and related costs
Interest cost
 
54

 
55

 
15

 
17

 
Miscellaneous, net
Expected return on plan assets
 
(73
)
 
(61
)
 

 
(1
)
 
Miscellaneous, net
Amortization of unrecognized (gain) loss and prior service cost (credit)
 
32

 
32

 
(18
)
 
(18
)
 
Miscellaneous, net
Settlement loss
 

 
1

 

 

 
Miscellaneous, net
Total
 
$
70

 
$
76

 
$

 
$
2

 
 
The Company's net periodic benefit cost includes the following components for the six months ended June 30 (in millions):
 
 
Pension Benefits
 
Other Postretirement Benefits
 
Affected Line Item
in the Statements of
Consolidated Operations
 
 
2018
 
2017
 
2018
 
2017
 
 
Service cost
 
$
114

 
$
98

 
$
6

 
$
6

 
Salaries and related costs
Interest cost
 
108

 
110

 
30

 
34

 
Miscellaneous, net
Expected return on plan assets
 
(146
)
 
(121
)
 

 
(1
)
 
Miscellaneous, net
Amortization of unrecognized (gain) loss and prior service cost (credit)
 
65

 
63

 
(35
)
 
(36
)
 
Miscellaneous, net
Settlement loss
 

 
2

 

 

 
Miscellaneous, net
Total
 
$
141

 
$
152

 
$
1

 
$
3

 
 

During the three and six months ended June 30, 2018, the Company contributed $47 million and $160 million to its U.S. domestic tax-qualified defined benefit pension plans, respectively.
Share-Based Compensation. In the six months ended June 30, 2018, UAL granted share-based compensation awards pursuant to the United Continental Holdings, Inc. 2017 Incentive Compensation Plan. These share-based compensation awards include 1.8 million RSUs consisting of 1.1 million time-vested RSUs and 0.7 million performance-based RSUs. The time-vested RSUs vest pro-rata, on February 28th of each year, over a three-year period from the date of grant. These RSUs are generally equity awards settled in stock for domestic employees and liability awards settled in cash for international employees. The cash payments are based on the 20-day average closing price of UAL common stock immediately prior to the vesting date. The performance-based RSUs vest based on the Company's relative improvement in pre-tax margin, as compared to a group of industry peers, for the three years ending December 31, 2020. If this performance condition is achieved, cash payments will be made after the end of the performance period based on the 20-day average closing price of UAL common stock immediately prior to the vesting date. The Company accounts for the performance-based RSUs as liability awards.
The table below presents information related to share-based compensation (in millions):
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2018
 
2017
 
2018
 
2017
Share-based compensation expense
$
27

 
$
33

 
$
44

 
$
56

 
 
 
 
 
 
 
 
 
 
 
June 30, 2018
 
December 31, 2017
 
 
 
 
Unrecognized share-based compensation
$
86

 
$
53