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Pension and Other Postretirement Benefits
 3 Months Ended
Mar. 31, 2017
Compensation and Retirement Disclosure [Abstract]  
Pension and Other Postretirement Benefits
Pension and Other Postretirement Benefits
 
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.
Three Months Ended March 31,
2017
 
2016
 
(in millions)
Interest cost on projected benefit obligation
$
12

 
$
12

Expected return on plan assets
(14
)
 
(14
)
Amortization of net actuarial loss
6

 
7

Administrative costs
1

 
1

Pension expense
$
5

 
$
6


Postretirement Plans Other Than Pensions Our employees also participate in plans which provide medical and life insurance benefits to retirees and eligible dependents. These plans cover substantially all employees who meet certain age and vested service requirements. We have instituted dollar limits on our payments under the plans to control the cost of future medical benefits.
The components of our net postretirement benefit cost are as follows:
Three Months Ended March 31,
2017
 
2016
 
(in millions)
Interest cost
$
1

 
$
1

Amortization of reduction in liability resulting from plan amendment
(2
)
 
(2
)
Net periodic postretirement benefit cost
$
(1
)
 
$
(1
)