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Employee Benefit Plans
6 Months Ended
Jun. 30, 2015
Compensation and Retirement Disclosure [Abstract]  
Employee Benefit Plans
Employee Benefit Plans
The components of Net periodic benefit cost and other changes in plan assets and benefit obligations were as follows:
 
Three Months Ended June 30,
 
Pension Benefits
 
 
 
 
 
U.S. Plans
 
Non-U.S. Plans
 
Retiree Health
Components of Net Periodic Benefit Costs:
2015
 
2014
 
2015
 
2014
 
2015
 
2014
Service cost
$
1

 
$
3

 
$
9

 
$
8

 
$
2

 
$
2

Interest cost
38

 
38

 
53

 
67

 
8

 
9

Expected return on plan assets
(38
)
 
(42
)
 
(74
)
 
(85
)
 

 

Recognized net actuarial loss
6

 
6

 
21

 
14

 
1

 

Amortization of prior service credit

 
(1
)
 
(2
)
 

 
(8
)
 
(10
)
Recognized settlement loss
18

 
13

 

 

 

 

Recognized curtailment gain

 

 

 

 
(22
)
 

Defined Benefit Plans
25

 
17

 
7

 
4

 
(19
)
 
1

Defined contribution plans (3)
15

 
15

 
11

 
8

 

 

Net Periodic Benefit Cost
40

 
32

 
18

 
12

 
(19
)
 
1

 
 
 
 
 
 
 
 
 
 
 
 
Other changes in plan assets and benefit obligations recognized in Other Comprehensive Loss:
 
 
 
 
 
 
 
 
 
 
 
Net actuarial (gain) loss(1)
(140
)
 
100

 
(2
)
 

 
(58
)
 

Amortization of prior service credit

 
1

 
2

 

 
8

 
10

Amortization of net actuarial loss
(24
)
 
(19
)
 
(21
)
 
(14
)
 
(1
)
 

Curtailment gain - recognition of net prior service credit


 

 

 

 
22

 

Total Recognized in Other Comprehensive Loss(2)
(164
)
 
82

 
(21
)
 
(14
)
 
(29
)
 
10

Total Recognized in Net Periodic Benefit Cost and Other Comprehensive Loss
$
(124
)
 
$
114

 
$
(3
)
 
$
(2
)
 
$
(48
)
 
$
11


 
Six Months Ended June 30,
 
Pension Benefits
 
 
 
 
 
U.S. Plans
 
Non-U.S. Plans
 
Retiree Health
Components of Net Periodic Benefit Costs:
2015
 
2014
 
2015
 
2014
 
2015
 
2014
Service cost
$
2

 
$
5

 
$
17

 
$
17

 
$
4

 
$
4

Interest cost
76

 
78

 
106

 
136

 
17

 
18

Expected return on plan assets
(76
)
 
(80
)
 
(147
)
 
(172
)
 

 

Recognized net actuarial loss
13

 
8

 
40

 
28

 
1

 

Amortization of prior service credit
(1
)
 
(1
)
 
(2
)
 
(1
)
 
(15
)
 
(21
)
Recognized settlement loss
45

 
25

 

 

 

 

Recognized curtailment gain

 

 

 

 
(22
)
 

Defined Benefit Plans
59

 
35

 
14

 
8

 
(15
)
 
1

Defined contribution plans (3)
31

 
30

 
20

 
18

 

 

Net Periodic Benefit Cost
90

 
65

 
34

 
26

 
(15
)
 
1

 
 
 
 
 
 
 
 
 
 
 
 
Other changes in plan assets and benefit obligations recognized in Other Comprehensive Loss:
 
 
 
 
 
 
 
 
 
 
 
Net actuarial (gain) loss(1)
(52
)
 
297

 
(2
)
 

 
(58
)
 

Amortization of prior service credit
1

 
1

 
2

 
1

 
15

 
21

Amortization of net actuarial loss
(58
)
 
(33
)
 
(40
)
 
(28
)
 
(1
)
 

Curtailment gain - recognition of net prior service credit


 

 

 

 
22

 

Total Recognized in Other Comprehensive Loss(2)
(109
)
 
265

 
(40
)
 
(27
)
 
(22
)
 
21

Total Recognized in Net Periodic Benefit Cost and Other Comprehensive Loss
$
(19
)
 
$
330

 
$
(6
)
 
$
(1
)
 
$
(37
)
 
$
22


_____________________________
(1)
The net actuarial (gain) loss for U.S. Plans primarily reflect; i) the remeasurement of our primary U.S. pension plans as a result of the payment of periodic settlements; and ii) adjustments for the actual valuation results based on January 1st plan census data.
(2)
Amounts represent the pre-tax effect included within Other comprehensive income (loss). Refer to Note 16 - Other Comprehensive Income (Loss) for related tax effects and the after-tax amounts.
(3)
The six months ended June 30, 2015 and 2014, exclude defined contribution expense of $4 and $4, respectively, related to our ITO business, which was reported as a discontinued operation up to its sale on June 30, 2015. Refer to Note 5 - Divestitures for additional information regarding this sale.

Plan Amendments
In June 2015, we amended our U.S. Retiree Health Plan to eliminate future benefit accruals for active salaried employees effective December 31, 2015. There was no change in benefits for union employees or existing retirees or employees that retire before December 31, 2015. As a result of this plan amendment, we recognized a pre-tax curtailment gain of $22 in the second quarter 2015. The gain represents the recognition of deferred gains from other prior-year amendments (“prior service credits”) as a result of the discontinuation of the future benefit or service accrual period for active salaried employees. The amendment is not expected to materially impact Retiree Health expense for the remainder of 2015.
Contributions
During the six months ended June 30, 2015, we made cash contributions of $98 ($13 U.S. and $85 Non-U.S.) to our defined benefit pension plans and $29 to our retiree health benefit plans. We presently anticipate additional cash contributions of $242 ($167 U.S. and $75 Non-U.S.) to our defined benefit pension plans and $42 to our retiree health benefit plans in 2015 for total full-year cash contributions of approximately $340 ($180 U.S. and $160 Non-U.S.) to our defined benefit pension plans and $71 to our retiree health benefit plans. In 2014, full-year cash contributions to our defined benefit pension plans were $284 ($124 U.S. and $160 Non-U.S.) and $70 to our retiree health benefit plans.