Pensions, Other Post-employment Benefits and Employee Benefit Plans

6 Months Ended

Jun. 30, 2015

Compensation and Retirement Disclosure [Abstract]

Pensions,Other Post-employment Benefits and Employee Benefit Plans

Pension, Other Post-employment Benefits and Employee Benefit Plans.

Federal-Mogul, ARI and Viskase each sponsor several defined benefit pension plans (the ''Pension Benefits'') (and, in the case of Viskase, its pension plans include defined contribution plans). Additionally, Federal-Mogul and Viskase each sponsors health care and life insurance benefits (''Other Post-Employment Benefits'') for certain employees and retirees around the world. The Pension Benefits are funded based on the funding requirements of federal and international laws and regulations, as applicable, in advance of benefit payments and the Other Post-Employment Benefits as benefits are provided to participating employees. As prescribed by applicable U.S. GAAP, Federal-Mogul, ARI and Viskase each uses, as applicable, appropriate actuarial methods and assumptions in accounting for its defined benefit pension plans, non-pension post-employment benefits, and disability, early retirement and other post-employment benefits. The measurement date for all defined benefit plans is December 31 of each year.

Components of net periodic benefit cost for the three and six months ended June 30, 2015 and 2014 are as follows:

	Pension Benefits						Other Post-Employment Benefits
	Three Months Ended June 30,						Three Months Ended June 30,
	2015			2014			2015			2014
	(in millions)
Service cost	$	5		$	4		$	—		$	—
Interest cost	16			19			4			5
Expected return on plan assets	(18		)	(19		)	—			—
Amortization of actuarial losses	7			4			—			—
Amortization of prior service credit	—			—			(1		)	(1		)
	$	10		$	8		$	3		$	4

	Pension Benefits						Other Post-Employment Benefits
	Six Months Ended June 30,						Six Months Ended June 30,
	2015			2014			2015			2014
	(in millions)
Service cost	$	10		$	8		$	—		$	—
Interest cost	32			38			7			8
Expected return on plan assets	(35		)	(37		)	—			—
Amortization of actuarial losses	14			6			2			1
Amortization of prior service credit	—			—			(2		)	(2		)
	$	21		$	15		$	7		$	7