Pension and Postretirement Benefit Plans

9 Months Ended

Sep. 30, 2014

Compensation and Retirement Disclosure [Abstract]

Pension and Postretirement Benefit Plans

Note 11. Pension and Postretirement Benefit Plans

We sponsor, or have previously sponsored, numerous funded and unfunded domestic and foreign pension and postretirement benefit plans. The net periodic benefit cost for our domestic pension benefits, foreign pension benefits and postretirement benefits amounted to less than $1 million for the three months ended September 30, 2014 and 2013 and for the nine months ended September 30, 2014 and 2013.

During the three and nine months ended September 30, 2014, we contributed approximately $2 million and $11 million, respectively, to our pension and postretirement benefit plans. For the remainder of 2014, we expect to contribute approximately $4 million to our pension and postretirement benefit plans. A significant portion of the contributions relate to the foreign pension plans, for which we are reimbursed by our managed hotels.