Retirement and Postretirement Benefit Plans

3 Months Ended

Mar. 31, 2015

Retirement and Postretirement Benefit Plans

Retirement and Postretirement Benefit Plans

9. Retirement and Postretirement Benefit Plans

The following table sets forth the components of the net periodic benefit costs for Occidental’s defined benefit pension and postretirement benefit plans for the three months ended March 31, 2015 and 2014 (in millions):

	2015					2014
Net Periodic Benefit Costs	Pension Benefit			Postretirement Benefit		Pension Benefit			Postretirement Benefit
Service cost	$	2		$	7	$	3		$	6
Interest cost	5			10		6			12
Expected return on plan assets	(7		)	—		(8		)	—
Recognized actuarial loss	2			7		1			6
Total	$	2		$	24	$	2		$	24

Occidental contributed approximately $5 million and $1 million to its defined benefit pension plans in the three month periods ended March 31, 2015 and 2014, respectively.