Pension and Other Postretirement Benefits (Tables)

9 Months Ended

Sep. 30, 2015

Net periodic pension benefits included the following cost components for the periods presented:

		U.S. Plans
		Three Months Ended				Nine Months Ended
		September 30,				September 30,
Millions of dollars		2015		2014		2015		2014
Service cost		$	11	$	10	$	33	$	32
Interest cost			21		22		64		66
Expected return on plan assets			(37)		(38)		(110)		(116)
Actuarial and investment loss amortization			3		- -		9		- -
	Net periodic benefit credits	$	(2)	$	(6)	$	(4)	$	(18)


		Non-U.S. Plans
		Three Months Ended				Nine Months Ended
		September 30,				September 30,
Millions of dollars		2015		2014		2015		2014
Service cost		$	8	$	7	$	25	$	22
Interest cost			8		12		28		35
Expected return on plan assets			(6)		(6)		(19)		(19)
Settlements gain			- -		- -		- -		(1)
Prior service cost amortization			1		1		2		3
Actuarial and investment loss amortization			1		1		5		3
	Net periodic benefit costs	$	12	$	15	$	41	$	43

Net periodic other postretirement benefits included the following cost components for the periods presented:

		U.S. Plans
		Three Months Ended				Nine Months Ended
		September 30,				September 30,
Millions of dollars		2015		2014		2015		2014
Service cost		$	1	$	1	$	3	$	3
Interest cost			3		4		10		11
Actuarial loss amortization			1		- -		2		2
	Net periodic benefit costs	$	5	$	5	$	15	$	16


		Non-U.S. Plans
		Three Months Ended				Nine Months Ended
		September 30,				September 30,
Millions of dollars		2015		2014		2015		2014
Interest cost		$	- -	$	- -	$	1	$	1
Actuarial loss amortization			1		- -		3		1
	Net periodic benefit costs	$	1	$	- -	$	4	$	2

The total net periodic cost of our pension and other postretirement benefit plans were as follows:


		Three Months Ended				Nine Months Ended
		September 30,				September 30,
Millions of dollars		2015		2014		2015		2014
Pension plans		$	10	$	9	$	37	$	25
Other postretirement benefit plans			6		5		19		18
	Net periodic benefit costs	$	16	$	14	$	56	$	43