EMPLOYEE BENEFIT PLANS

3 Months Ended

Mar. 31, 2018

EMPLOYEE BENEFIT PLANS

NOTE 10. EMPLOYEE BENEFIT PLANS

Pension and Other Postretirement Benefit Plans – North America

The components of net periodic pension benefit for the Company’s North America pension plans are as follows:

	First Quarter
(In millions)	2018			2017
Service cost	$	1		$	2
Interest cost		9			10
Expected return on plan assets		(11	)		(12	)
Net periodic pension benefit	$	(1	)	$	—

In the first quarter of 2018, cash contributions to the North America pension plans were not significant. The Company expects to make additional cash contributions of approximately $2 million to the North America pension plans during the remainder of 2018.

Pension Plan – United Kingdom

As part of the European business sale, the Company retained the United Kingdom (“UK”) defined benefit pension plan. The components of net periodic pension benefit for the Company’s UK pension plan are as follows:

	First Quarter
(In millions)	2018			2017
Service cost	$	—		$	—
Interest cost		2			2
Expected return on plan assets		(2	)		(3	)
Net periodic pension benefit	$	—		$	(1	)

The UK pension plan is in a net asset position. In the first quarter of 2018, cash contributions of $1 million were made to the UK pension plan. The Company is required to make an additional cash contribution of $1 million to the UK pension plan during the remainder of 2018.

Net periodic pension benefits for the North America and UK pension and other postretirement benefit plans (the “Plans”) are recorded at the corporate level. The service cost for the Plans are reflected in Selling, general and administrative expenses, and the other components of net periodic pension benefits are reflected in Other income, net, in the Condensed Consolidated Statements of Operations.