Pension and Postretirement Benefit Plans

9 Months Ended

Sep. 30, 2015

Compensation And Retirement Disclosure [Abstract]

Pension and Postretirement Benefit Plans

Note 12. 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, 2015 and 2014 and less than $1 million for the nine months ended September 30, 2015 and 2014.  Additionally, the net actuarial losses reclassified from accumulated other comprehensive income for our domestic, pension benefits, foreign pension benefits and postretirement benefits amounted to approximately $1 and $2 million for the three and nine months ended September 30, 2015, respectively, and approximately $1 million for the three and nine months ended September 30, 2014.

During the three and nine months ended September 30, 2015, we contributed approximately $4 million and $8 million, respectively, to our pension and postretirement benefit plans.  For the remainder of 2015, we expect to contribute approximately $4 million to our pension and postretirement benefit plans.  A significant portion of the contributions relates to the foreign pension plans, for which we are reimbursed by our managed hotels.