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POSTRETIREMENT BENEFIT PLANS
6 Months Ended
Jun. 30, 2018
Retirement Benefits [Abstract]  
POSTRETIREMENT BENEFIT PLANS
NOTE 13. 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)
2018

 
2017

 
 
2018

 
2017

 
 
 
 
 
 
 
 
 
 
 
Service cost for benefits earned
$
203

 
$
254

 
 
$
435

 
$
543

 
Prior service cost amortization
36

 
72

 
 
72

 
145

 
Expected return on plan assets
(820
)
 
(849
)
 
 
(1,640
)
 
(1,698
)
 
Interest cost on benefit obligations
667

 
712

 
 
1,333

 
1,429

 
Net actuarial loss amortization
943

 
697

 
 
1,894

 
1,407

 
Curtailment loss

 

 
 

 
43

(a)
Pension plans cost
$
1,029

 
$
886

 
 
$
2,094

 
$
1,869

 
(a)
Curtailment loss resulting from our intent to sell the Industrial Solutions business within our Power segment.
 
Other pension plans
 
Three months ended June 30
 
 
Six months ended June 30
 
(In millions)
2018

 
2017

 
 
2018

 
2017

 
 
 
 
 
 
 
 
 
 
 
Service cost for benefits earned
$
99

 
$
123

 
 
$
194

 
$
274

 
Prior service credit amortization
(2
)
 
(1
)
 
 
(2
)
 
(2
)
 
Expected return on plan assets
(359
)
 
(301
)
 
 
(717
)
 
(595
)
 
Interest cost on benefit obligations
156

 
145

 
 
312

 
287

 
Net actuarial loss amortization
83

 
107

 
 
165

 
210

 
Settlement gain
(6
)
(a)

 
 
(6
)
(a)

 
Pension plans cost (income)
$
(29
)
 
$
73

 
 
$
(54
)
 
$
174

 

(a)
Settlement gain resulting from the sale of the Industrial Solutions business within our Power segment.
EFFECT ON OPERATIONS OF PRINCIPAL RETIREE BENEFIT PLANS
 
Principal retiree benefit plans
 
Three months ended June 30
 
 
Six months ended June 30
 
(In millions)
2018

 
2017

 
 
2018

 
2017

 
 
 
 
 
 
 
 
 
 
 
Service cost for benefits earned
$
16

 
$
26

 
 
$
29

 
$
52

 
Prior service credit amortization
(58
)
 
(43
)
 
 
(114
)
 
(86
)
 
Expected return on plan assets
(7
)
 
(9
)
 
 
(14
)
 
(18
)
 
Interest cost on benefit obligations
49

 
56

 
 
98

 
113

 
Net actuarial gain amortization
(20
)
 
(20
)
 
 
(40
)
 
(41
)
 
Curtailment loss

 

 
 


3

(a)
Retiree benefit plans cost (income)
$
(20
)
 
$
10

 
 
$
(41
)
 
$
23

 

(a)
Curtailment loss resulting from our intent to sell the Industrial Solutions business within our Power segment.
The components of net periodic benefit costs other than the service cost component are included in the line item "non-operating benefit costs" in our consolidated Statement of Earnings (Loss).