Pension and Other Postretirement Benefits

9 Months Ended

Sep. 30, 2015

Compensation and Retirement Disclosure [Abstract]

Pension and Other Postretirement Benefits

Pension and Other Postretirement Benefits

Pension and other postretirement benefit costs related to both continuing and discontinued operations for the three and nine months ended September 30, 2015 and 2014, were as follows:

	Three Months Ended												Nine Months Ended
	September 30,												September 30,
In millions	Pension						Other Postretirement Benefits						Pension						Other Postretirement Benefits
	2015			2014			2015			2014			2015			2014			2015			2014
Components of net periodic benefit cost:
Service cost	$	18		$	20		$	3		$	3		$	54		$	60		$	8		$	8
Interest cost	23			26			6			5			69			78			18			17
Expected return on plan assets	(38		)	(40		)	(7		)	(7		)	(114		)	(119		)	(19		)	(19		)
Amortization of actuarial (gain) loss	15			12			—			—			45			36			—			(3		)
Amortization of prior service cost	—			—			—			1			—			—			—			1
Settlement/curtailment (gain) loss	—			—			—			—			—			2			—			(9		)
Net periodic benefit (income) cost	$	18		$	18		$	2		$	2		$	54		$	57		$	7		$	(5	)
Amounts were included in the statement of income as follows:
Continuing operations	$	18		$	18		$	2		$	2		$	54		$	52		$	7		$	4
Discontinued operations	—			—			—			—			—			5			—			(9		)
Net periodic benefit (income) cost	$	18		$	18		$	2		$	2		$	54		$	57		$	7		$	(5	)

The Company recognized a $9 million curtailment gain on the U.S. primary postretirement plan in the second quarter of 2014 related to the Company's sale of the Industrial Packaging business. This curtailment charge was included in Income from Discontinued Operations.

The Company expects to contribute approximately $100 million to its pension plans and $5 million to its other postretirement plans in 2015. As of September 30, 2015, contributions of $93 million to pension plans and $4 million to other postretirement plans have been made.