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Pension and Other Postretirement Benefits
 9 Months Ended
Sep. 30, 2016
Compensation and Retirement Disclosure [Abstract]  
Pension and Other Postretirement Benefits
Pension and Other Postretirement Benefits
 
Defined Benefit Pension Plan The components of pension expense for the defined benefit pension plan recorded in our consolidated statement of income (loss) and shown in the table below reflect the portion of pension expense of the combined HSBC North America Pension Plan (either the "HSBC North America Pension Plan" or the "Plan") which has been allocated to us.
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2016
 
2015
 
2016
 
2015
 
(in millions)
Interest cost on projected benefit obligation
$
12

 
$
14

 
$
36

 
$
38

Expected return on plan assets
(15
)
 
(16
)
 
(43
)
 
(49
)
Amortization of net actuarial loss
9

 
7

 
21

 
21

Administrative costs
1

 
1

 
3

 
3

Pension expense
$
7

 
$
6

 
$
17

 
$
13


During the three and nine months ended September 30, 2016, pension expense was impacted by an out of period adjustment which increased pension expense by $5 million in order to properly reflect changes in participant census data which should have been included in pension valuations in prior periods.
Postretirement Plans Other Than Pensions The components of our net postretirement benefit cost are as follows:
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2016
 
2015
 
2016
 
2015
 
(in millions)
Interest cost
$
1

 
$
1

 
$
3

 
$
4

Amortization of reduction in liability resulting from plan amendment
(2
)
 
—

 
(5
)
 
—

Net periodic postretirement benefit cost
$
(1
)
 
$
1

 
$
(2
)
 
$
4