Pension Benefits

We sponsor qualified and supplemental (non-qualified) noncontributory defined benefit pension plans covering certain full-time salaried and hourly U.S. employees. The most significant of these plans, the YUM Retirement Plan, is funded. We fund our other U.S. plans as benefits are paid. The YUM Retirement Plan and our most significant non-qualified plan are closed to new salaried participants. We also sponsor various defined benefit pension plans covering certain of our non-U.S. employees, the most significant of which are in the UK. During 2013, our Pizza Hut UK plan was frozen such that existing participants can no longer earn future service credits. Our KFC UK plan was frozen to future service credits in 2011.

The components of net periodic benefit cost associated with our significant U.S. pension plans and significant international pension plans are as follows:



	U.S. Pension Plans						International Pension Plans
	Quarter ended
	2014			2013			2014			2013
Service cost	$	4		$	5		$	—		$	—
Interest cost	12			13			2			2
Expected return on plan assets	(13		)	(14		)	(3		)	(3		)
Amortization of net loss	4			14			—			1
Net periodic benefit cost	$	7		$	18		$	(1	)	$	—

Additional loss (gain) recognized due to:
Settlement ^(a)	$	3		$	10		$	—		$	—
Curtailment ^(b)	$	—		$	—		$	—		$	(5	)


(a)	Losses are a result of settlement transactions from a non-funded plan which exceeded the sum of annual service and interest costs for that plan. These losses were recorded in General and administrative ("G&A") expenses.


(b)	During 2013, our Pizza Hut UK Plan recorded a curtailment gain within G&A expenses as a result of terminating future service credits for all participants.