Pension and Other Postretirement Benefits

6 Months Ended

Jun. 30, 2017

Retirement Benefits [Abstract]

Pension and Other Postretirement Benefits

Pension and Other Postretirement Benefits

Defined Benefit Pension Plan The table below reflects the portion of pension expense and its related components of the combined HSBC North America Pension Plan (either the "HSBC North America Pension Plan" or the "Plan") which has been allocated to us and is recorded in our consolidated statement of income (loss). We have not been allocated any portion of the Plan's net pension liability.

	Three Months Ended June 30,						Six Months Ended June 30,
	2017			2016			2017			2016
	(in millions)
Interest cost on projected benefit obligation	$	18		$	17		$	36		$	35
Expected return on plan assets	(22		)	(22		)	(43		)	(42		)
Amortization of net actuarial loss	8			9			18			19
Administrative costs	1			2			2			3
Pension expense	$	5		$	6		$	13		$	15

Postretirement Plans Other Than Pensions  Our employees also participate in plans which provide medical and life insurance benefits to retirees and eligible dependents. These plans cover substantially all employees who meet certain age and vested service requirements. We have instituted dollar limits on payments under the plans to control the cost of future medical benefits. The following table reflects the components of the net periodic postretirement benefit cost:

	Three Months Ended June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
	(in millions)
Interest cost on accumulated benefit obligation	$	—	$	—	$	1	$	1
Net periodic postretirement benefit cost	$	—	$	—	$	1	$	1