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Employee Benefit Plans
 9 Months Ended
Sep. 30, 2015
Compensation and Retirement Disclosure [Abstract]  
Employee Benefit Plans
EMPLOYEE BENEFIT PLANS
 
Pension and Other Postretirement Plans
 
The Company has funded and non-funded non-contributory defined benefit pension plans, which cover substantially all of its employees. For some employees, benefits are based on final average earnings and length of service, while benefits for other employees are based on an account balance that takes into consideration age, service and earnings during their career.
 
The Company provides certain health care and life insurance benefits for its retired employees, their beneficiaries and covered dependents (“other postretirement benefits”). The health care plan is contributory; the life insurance plan is non-contributory. Substantially all of the Company’s U.S. employees may become eligible to receive other postretirement benefits if they retire after age 55 with at least 10 years of service or under certain circumstances after age 50 with at least 20 years of continuous service.
 
Net periodic (benefit) cost included in “General and administrative expenses” includes the following components:
 
 
Three Months Ended September 30,
 
Pension Benefits
 
Other Postretirement Benefits
 
2015
 
2014
 
2015
 
2014
 
(in millions)
Components of net periodic (benefit) cost
 
 
 
 
 
 
 
Service cost
$
61

 
$
58

 
$
5

 
$
5

Interest cost
118

 
120

 
21

 
24

Expected return on plan assets
(194
)
 
(178
)
 
(29
)
 
(29
)
Amortization of prior service cost
(2
)
 
(2
)
 
(1
)
 
(2
)
Amortization of actuarial (gain) loss, net
42

 
22

 
10

 
5

Settlements
1

 
4

 
0

 
0

Special termination benefits
0

 
0

 
0

 
0

Net periodic (benefit) cost
$
26

 
$
24

 
$
6

 
$
3

 
 
Nine Months Ended September 30,
 
Pension Benefits
 
Other Postretirement Benefits
 
2015
 
2014
 
2015
 
2014
 
(in millions)
Service cost
$
183

 
$
176

 
$
15

 
$
13

Interest cost
352

 
361

 
64

 
72

Expected return on plan assets
(581
)
 
(534
)
 
(86
)
 
(87
)
Amortization of prior service cost
(6
)
 
(7
)
 
(4
)
 
(8
)
Amortization of actuarial (gain) loss, net
126

 
65

 
29

 
19

Settlements
2

 
6

 
0

 
0

Special termination benefits
4

 
0

 
0

 
0

Net periodic (benefit) cost
$
80

 
$
67

 
$
18

 
$
9


 
During the nine months ended September 30, 2015, the Company made cash contributions of $120 million to its pension plans and anticipates making an additional $30 million of cash contributions during the remainder of 2015.