Long-Term Employee Benefits

Defined Benefit Pensions

The workforce reductions in 2016 related to the 2016 global cost savings and restructuring plan triggered curtailments for certain of the company's pension plans, including the principal U.S. pension plan. For the principal U.S. pension plan, the company recorded curtailment losses of $14 and $63 during the three and six months ended June 30, 2016 and re-measured the principal U.S. pension plan as of March 31, 2016 and June 30, 2016. The curtailment loss was driven by the changes in the benefit obligation based on the demographics of the terminated positions partially offset by accelerated recognition of a portion of the prior service benefit. In connection with the re-measurements, the company recognized a pre-tax net loss of $2,352 within other comprehensive income (loss) for the six months ended June 30, 2016. The loss was driven by the decrease in the discount rate from 4.47% at December 31, 2015 to 3.74% as of June 30, 2016. In addition, the company recorded a $31 settlement charge during the three months ended June 30, 2016 related to the company's Pension Restoration Plan which provides for lump sum payments to certain eligible retirees.

The following sets forth the components of the company’s net periodic benefit cost for pensions:



	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2017			2016			2017			2016
Service cost	$	34		$	42		$	67		$	89
Interest cost	197			206			392			423
Expected return on plan assets	(309		)	(331		)	(617		)	(669		)
Amortization of loss	189			204			379			376
Amortization of prior service benefit	(1		)	(1		)	(2		)	(3		)
Curtailment loss	—			17			—			66
Settlement loss	—			37			—			38
Net periodic benefit cost - Total	$	110		$	174		$	219		$	320
Less: Discontinued operations	—			—			—			(4		)
Net periodic benefit cost - Continuing operations	$	110		$	174		$	219		$	324

During the six months ended June 30, 2017, the company made total contributions of $2,900 to its principal U.S. pension plan funded through the May 2017 Debt Offering; short-term borrowings, including commercial paper issuance; and cash. See Note 10 for further discussion related to the May 2017 Debt Offering.

Other Post Employment Benefits

As a result of the workforce reductions noted above, curtailments were triggered for the company's other post employment benefit plans. The company recorded curtailment gains of $3 and $33 for the three and six months ended June 30, 2016 and re-measured the associated plans as of March 31, 2016 and June 30, 2016. The curtailment gains were driven by accelerated recognition of a portion of the prior service benefit partially offset by the change in the benefit obligation based on the demographics of the terminated positions. In connection with the re-measurements, the company recognized a pre-tax net loss of $265 within other comprehensive income (loss) for the six months ended June 30, 2016. The loss was driven by the decrease in the discount rate from 4.30% at December 31, 2015 to 3.55% as of June 30, 2016.

The following sets forth the components of the company’s net periodic benefit cost (credit) for other post employment benefits:



	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2017			2016			2017			2016
Service cost	$	2		$	4		$	4		$	7
Interest cost	23			21			45			44
Amortization of loss	23			18			46			35
Amortization of prior service benefit	(18		)	(36		)	(35		)	(75		)
Curtailment gain	—			(3		)	—			(33		)
Net periodic benefit cost (credit)- Total	$	30		$	4		$	60		$	(22	)