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POSTRETIREMENT BENEFIT PLANS
 6 Months Ended
Jun. 30, 2017
Compensation and Retirement Disclosure [Abstract]  
POSTRETIREMENT BENEFIT PLANS
POSTRETIREMENT BENEFIT PLANS

We sponsor a number of pension and retiree health and life insurance benefit plans. Principal pension plans are the GE Pension Plan and the GE Supplementary Pension Plan. Principal retiree benefit plans provide health and life insurance benefits to certain eligible participants and these participants share in the cost of the healthcare benefits. Other pension plans include the U.S. and non-U.S. pension plans with pension assets or obligations greater than $50 million. Smaller pension plans and other retiree benefit plans are not material individually or in the aggregate.
EFFECT ON OPERATIONS OF PENSION PLANS
 
Principal pension plans
 
Three months ended June 30
 
Six months ended June 30
 
(In millions)
2017

 
2016

 
2017

 
2016

 
 
 
 
 
 
 
 
 
 
Service cost for benefits earned
$
254

 
$
291

 
$
543

 
$
606

 
Prior service cost amortization
72

 
76

 
145

 
152

 
Expected return on plan assets
(849
)
 
(836
)
 
(1,698
)
 
(1,670
)
 
Interest cost on benefit obligations
712

 
735

 
1,429

 
1,469

 
Net actuarial loss amortization
697

 
612

 
1,407

 
1,224

 
Curtailment loss (gain)
—

 
(1
)
 
43

(a)
(1
)
 
Pension plans cost
$
886

 
$
877

 
$
1,869

 
$
1,780

 
(a)
Curtailment loss resulting from our intent to sell the Industrial Solutions business within our Energy Connections & Lighting segment.
 
Other pension plans
 
Three months ended June 30
 
Six months ended June 30
 
(In millions)
2017

 
2016

 
2017

 
2016

 
 
 
 
 
 
 
 
 
 
Service cost for benefits earned
$
123

 
$
118

 
$
274

 
$
231

 
Prior service credit amortization
(1
)
 
—

 
(2
)
 
(1
)
 
Expected return on plan assets
(301
)
 
(259
)
 
(595
)
 
(522
)
 
Interest cost on benefit obligations
145

 
168

 
287

 
340

 
Net actuarial loss amortization
107

 
65

 
210

 
129

 
Pension plans cost
$
73

 
$
92

 
$
174

 
$
177

 

EFFECT ON OPERATIONS OF PRINCIPAL RETIREE BENEFIT PLANS
 
Principal retiree benefit plans
 
Three months ended June 30
 
Six months ended June 30
 
(In millions)
2017

 
2016

 
2017

 
2016

 
 
 
 
 
 
 
 
 
 
Service cost for benefits earned
$
26

 
$
27

 
$
52

 
$
52

 
Prior service credit amortization
(43
)
 
(41
)
 
(86
)
 
(82
)
 
Expected return on plan assets
(9
)
 
(11
)
 
(18
)
 
(22
)
 
Interest cost on benefit obligations
56

 
63

 
113

 
126

 
Net actuarial gain amortization
(20
)
 
(14
)
 
(41
)
 
(27
)
 
Curtailment loss
—

 
—

 
3

(a)
—

 
Retiree benefit plans cost
$
10

 
$
24

 
$
23

 
$
47

 

(a)
Curtailment loss resulting from our intent to sell the Industrial Solutions business within our Energy Connections & Lighting segment.