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Pension and Other Postretirement Benefit Plans
6 Months Ended
Jun. 30, 2017
Pension and Other Postretirement Benefit Plans [Abstract]  
Pension and Other Postretirement Benefit Plans

Note 14 — Pension and Other Postretirement Benefit Plans

The Company and certain of its subsidiaries provide pension, health care and life insurance defined benefits to eligible retired employees, spouses and other eligible dependents through various domestic and foreign plans. The effect of its foreign pension and other postretirement benefit plans is immaterial to the Company’s results of operations, liquidity and financial position. The Company froze its defined benefit postretirement medical plan in 2013 and its primary domestic pension plans in 2009.

As further discussed in Note 16, the Company and the Cigna Pension Plan are defendants in a class action lawsuit that has yet to be resolved. When the parties agree on a final plan amendment, the pension benefit obligation will be updated to reflect additional benefits resulting from this litigation.

For the six months ended June 30, 2017, the Company’s unrecognized actuarial losses and prior service costs (reported in accumulated other comprehensive income) decreased by $40 million pre-tax in the aggregate ($26 million after-tax) resulting in an increase in shareholders’ equity. This change was primarily the result of amortization.

Pension and Other Postretirement Benefits. Components of net pension and net other postretirement benefit costs were as follows:

Pension BenefitsOther Postretirement Benefits
Three Months EndedSix Months Ended Three Months EndedSix Months Ended
June 30,June 30,June 30,June 30,
(In millions)20172016201720162017201620172016
Service cost$1$1$1$1$-$-$-$-
Interest cost454993992255
Expected long-term return on plan assets(64)(62)(129)(124)----
Amortization of:
Net loss from past experience17163333----
Prior service cost------(1)(1)
Settlement loss--6-----
Net cost$(1)$4$4$9$2$2$4$4

The Company funds its domestic qualified pension plans at least at the minimum amount required by the Pension Protection Act of 2006. During the six months ended June 30, 2017, the Company made a voluntary pension contribution of $150 million. No additional contributions are required for the remainder of 2017.