Pension and Post-Retirement Benefits

9 Months Ended

Sep. 30, 2016

Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]

In connection with the Merger, the Company assumed certain U.S. and non-U.S. pension plans and other post-retirement benefit plans covering Axiall employees. The Axiall pension plans are closed to new participants and provide benefits to certain employees and retirees. The other post-retirement benefit plans are unfunded and provide medical and life insurance benefits for certain employees and their dependents. See Note 2 for the fair value of pension and other post-retirement obligations assumed in the Merger.

Defined Benefit Plans

Components of net periodic benefit cost for the Company's pension plans are as follows:



	Three Months Ended September 30,											Nine Months Ended September 30,
	2016						2015					2016						2015
	U.S. Plans			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans		U.S. Plans			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans
Service cost	$	315		$	318		$	—		$	416	$	315		$	777		$	29		$	1,248
Expected administrative expenses	730			—			—			—		730			—			—			—
Interest cost	2,191			622			487			528		1,553			1,763			1,519			1,585
Expected return on plan assets	(3,800		)	(50		)	(712		)	—		(5,260		)	(50		)	(2,237		)	—
Amortization of net loss	338			—			333			263		978			—			942			789
Net periodic benefit (income) cost	$	(226	)	$	890		$	108		$	1,207	$	(1,684	)	$	2,490		$	253		$	3,622

The Company made no contribution to its U.S. pension plans in the first nine months of 2016. The Company contributed $349 to its U.S. pension plans in the first nine months of 2015. The Company's funding policy for its U.S. plans is consistent with the minimum funding requirements of federal law and regulations, and based on preliminary estimates, the Company does not expect to make contributions to its U.S. pension plans for the remainder of fiscal year ending December 31, 2016. The Company expects to make contributions of approximately $200 for its non-U.S. pension plans during the remainder of the fiscal year ending December 31, 2016.