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Benefit Plans (Tables)
3 Months Ended
Mar. 31, 2017
Pension Plans  
Components of Net Costs

Net periodic pension cost consisted of the following:

 

     U.S. Plans      Non-U.S. Plans  
     For the Three Months Ended      For the Three Months Ended  
     March 31,      March 31,  
     2017      2016      2017      2016  
            (in millions)         
                             

Service cost

   $ 12      $ 13      $ 39      $ 38  

Interest cost

     15        16        48        60  

Expected return on plan assets

     (25      (24      (104      (110

Amortization:

           

Net loss from experience differences

     8        9        41        31  

Prior service cost/(credit)

     1               (1      (1

Settlement losses and other expenses

     3        4        1         
  

 

 

    

 

 

    

 

 

    

 

 

 

Net periodic pension cost

   $ 14      $ 18      $ 24      $ 18  
  

 

 

    

 

 

    

 

 

    

 

 

 

Postretirement Benefit Plans  
Components of Net Costs

Net periodic postretirement health care costs consisted of the following:

 

     For the Three Months Ended  
     March 31,  
     2017      2016  
     (in millions)  
               

Service cost

   $ 2      $ 3  

Interest cost

     4        5  

Amortization:

     

Net loss from experience differences

     3        2  

Prior service credit (1)

     (10      (2
  

 

 

    

 

 

 

Net periodic postretirement health care costs

   $ (1    $ 8  
  

 

 

    

 

 

 

(1)   For the three months ended March 31, 2017, amortization of prior service credit includes an $8 million gain related to a change in the eligibility requirement and a change in benefits to Medicare-eligible participants.

Postemployment Benefit Plans  
Components of Net Costs

Net periodic postemployment costs consisted of the following:

 

     For the Three Months Ended  
     March 31,  
     2017      2016  
     (in millions)  
               

Service cost

   $ 1      $ 2  

Interest cost

     1        1  

Amortization of net gains

     (1       
  

 

 

    

 

 

 

Net periodic postemployment costs

   $ 1      $ 3