Pension and Other Postretirement Benefits (Tables)

12 Months Ended

Dec. 31, 2015

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Schedule of Assumptions Used

The assumptions used in determining the benefit obligation of our postretirement benefit plans are as follows:

	2015		2014		2013
Discount rate	3.95	%	3.60	%	4.35	%
Salary increase assumption	3.00		3.00		2.75

Schedule of Expected Benefit Payments

Estimated future benefit payments for our postretirement benefit plans for both continuing and discontinued operations are as follows:

	(in millions)
2016	$	11
2017	10
2018	9
2019	9
2020	8
2021-2025	34

Pension Plan, Defined Benefit [Member]

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Components of Pension Expense for Defined Benefit Pension Plan

The table below reflects the portion of pension expense and its related components of the HSBC North America Pension Plan which has been allocated to us and is recorded in our consolidated statement of income (loss). We have not been allocated any portion of the Plan's net pension liability.

Year Ended December 31,	2015			2014			2013
	(in millions)
Service cost – benefits earned during the period	$	4		$	5		$	5
Interest cost on projected benefit obligation	49			51			50
Expected return on assets	(63		)	(62		)	(61		)
Amortization of net actuarial loss	27			24			35
Pension expense	$	17		$	18		$	29

Schedule of Assumptions Used

The assumptions used in determining pension expense of the HSBC North America Pension Plan are as follows:

	2015		2014		2013
Discount rate	3.95	%	4.80	%	3.95	%
Expected long-term rate of return on Plan assets	6.00		6.00		6.00

Other Postretirement Benefit Plan, Defined Benefit [Member]

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Components of Pension Expense for Defined Benefit Pension Plan

Year Ended December 31,	2015			2014		2013
	(in millions)
Interest cost	$	5		$	7	$	7
Amortization of reduction in liability resulting from plan amendment	(3		)	—		—
Net periodic postretirement benefit cost	$	2		$	7	$	7

Schedule of Assumptions Used

The assumptions used in determining the net periodic postretirement benefit cost for our postretirement benefit plans are as follows:

	2015		2014		2013
Discount rate	3.60	%	4.35	%	3.35	%
Salary increase assumption	3.00		2.75		2.75

Schedule of Accumulated and Projected Benefit Obligations

A reconciliation of the beginning and ending balances of the accumulated postretirement benefit obligation for both continuing and discontinued operations is as follows:

	2015			2014
	(in millions)
Accumulated benefit obligation at beginning of year	$	173		$	174
Interest cost	5			7
Actuarial (gains) losses	(21		)	5
Reduction in liability resulting from plan amendment	(46		)	—
Benefits paid, net	(11		)	(13		)
Accumulated benefit obligation at end of year	$	100		$	173