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Benefit Plans
6 Months Ended
Jun. 30, 2015
Compensation and Retirement Disclosure [Abstract]  
Benefit Plans
Benefit Plans:

Pension coverage for employees of PMI’s subsidiaries is provided, to the extent deemed appropriate, through separate plans, many of which are governed by local statutory requirements. In addition, PMI provides health care and other benefits to substantially all U.S. retired employees and certain non-U.S. retired employees. In general, health care benefits for non-U.S. retired employees are covered through local government plans.
Pension Plans
Components of Net Periodic Benefit Cost
Net periodic pension cost consisted of the following:
 
 
 
 
 
 
 
 
 
 
 
U.S. Plans
 
Non-U.S. Plans
 
 
For the Six Months Ended June 30,
 
For the Six Months Ended June 30,
(in millions)
 
2015
 
2014
 
2015
 
2014
Service cost
 
$
3

 
$
3

 
$
101

 
$
104

Interest cost
 
9

 
8

 
72

 
103

Expected return on plan assets
 
(7
)
 
(8
)
 
(164
)
 
(177
)
Amortization:
 

 

 

 

Net loss
 
5

 
3

 
90

 
57

Prior service cost
 

 

 
2

 
4

Net periodic pension cost
 
$
10

 
$
6

 
$
101

 
$
91

 
 
U.S. Plans
 
Non-U.S. Plans
 
 
For the Three Months Ended June 30,
 
For the Three Months Ended June 30,
(in millions)
 
2015
 
2014
 
2015
 
2014
Service cost
 
$
2

 
$
2

 
$
50

 
$
52

Interest cost
 
4

 
4

 
36

 
52

Expected return on plan assets
 
(3
)
 
(4
)
 
(81
)
 
(89
)
Amortization:
 
 
 
 
 
 
 
 
Net loss
 
2

 
1

 
44

 
29

Prior service cost
 

 

 
1

 
2

Net periodic pension cost
 
$
5

 
$
3

 
$
50

 
$
46



Employer Contributions
PMI makes, and plans to make, contributions, to the extent that they are tax deductible and to meet specific funding requirements of its funded U.S. and non-U.S. plans. Employer contributions of $20 million were made to the pension plans during the six months ended June 30, 2015. Currently, PMI anticipates making additional contributions during the remainder of 2015 of approximately $138 million to its pension plans, based on current tax and benefit laws. However, this estimate is subject to change as a result of changes in tax and other benefit laws, as well as asset performance significantly above or below the assumed long-term rate of return on pension assets, or changes in interest rates.