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Employee Retirement Plans
3 Months Ended
Mar. 31, 2014
Employee Retirement Plans  
Employee Retirement Plans

J.                            Net periodic pension cost for the Company’s defined-benefit pension plans was as follows, in millions:

 

 

 

Three Months ended March 31,

 

 

 

2014

 

2013

 

 

 

Qualified

 

Non-Qualified

 

Qualified

 

Non-Qualified

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

1

 

$

 

$

1

 

$

 

Interest cost

 

13

 

2

 

11

 

1

 

Expected return on plan assets

 

(12

)

 

(10

)

 

Amortization of net loss

 

3

 

 

4

 

1

 

Net periodic pension cost

 

$

5

 

$

2

 

6

 

2

 

 

The Company participates in 21 regional multi-employer pension plans, principally related to building trades; none of the plans are considered significant to the Company.

 

Effective January 1, 2010, the Company froze all future benefit accruals under substantially all of the Company’s domestic qualified and non-qualified defined benefit pension plans.  Future benefit accruals related to the Company’s foreign non-qualified plans were frozen several years ago.