Retirement Benefits

3 Months Ended

Mar. 31, 2016

Retirement Benefits

8. Retirement Benefits

The following tables provide the components of net periodic benefit cost (income) (in millions):

	Pension Benefits						Retiree Medical and Other Postretirement Benefits
Three Months Ended March 31,	2016			2015			2016			2015
Service cost	$	1		$	1		$	1		$	1
Interest cost		188			184			12			13
Expected return on assets		(187	)		(213	)		(5	)		(5	)
Amortization of:
Prior service cost (benefit) (1)		7			7			(60	)		(61	)
Unrecognized net loss (gain)		31			28			(4	)		(2	)
Net periodic benefit cost (income)	$	40		$	7		$	(56	)	$	(54	)

⁽¹⁾  Each of the 2016 and 2015 first quarters’ prior service cost does not include amortization of $1 million related to other postretirement benefits.

Effective November 1, 2012, substantially all of our defined benefit pension plans were frozen.

American Airlines, Inc. [Member]

Retirement Benefits

6. Retirement Benefits

The following tables provide the components of net periodic benefit cost (income) (in millions):

	Pension Benefits						Retiree Medical and Other Postretirement Benefits
Three Months Ended March 31,	2016			2015			2016			2015
Service cost	$	—		$	—		$	1		$	1
Interest cost		187			184			12			13
Expected return on assets		(187	)		(212	)		(5	)		(5	)
Amortization of:
Prior service cost (benefit) (1)		7			7			(60	)		(61	)
Unrecognized net loss (gain)		31			28			(4	)		(2	)
Net periodic benefit cost (income)	$	38		$	7		$	(56	)	$	(54	)

⁽¹⁾  Each of the 2016 and 2015 first quarters’ prior service cost does not include amortization of $1 million related to other postretirement benefits.

Effective November 1, 2012, substantially all of American’s defined benefit pension plans were frozen.