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Pension Plans, Retirement Benefits and Savings Plans
3 Months Ended
Mar. 31, 2019
Retirement Benefits [Abstract]  
Pension Plans, Retirement Benefits and Savings Plans
PENSION PLANS, RETIREMENT BENEFITS AND SAVINGS PLANS
 
The following table summarizes the components of net periodic benefit cost for the Company’s pension and postretirement benefit plans recognized in the consolidated statement of income for the three months ended March 31, 2019 and 2018.
 
 
Pension Plans
 
Postretirement Benefit Plans
(for the three months ended March 31, in millions)
 
2019
 
2018
 
2019
 
2018
 
 
 
 
 
 
 
 
 
Net Periodic Benefit Cost:
 
 

 
 

 
 

 
 

Service cost
 
$
30

 
$
33

 
$

 
$

 
 
 
 
 
 
 
 
 
Non-service cost:
 
 

 
 

 
 

 
 

Interest cost on benefit obligation
 
35

 
31

 
2

 
2

Expected return on plan assets
 
(69
)
 
(66
)
 

 

Amortization of unrecognized:
 
 

 
 

 
 

 
 

Prior service benefit
 

 

 
(1
)
 
(1
)
Net actuarial loss
 
14

 
23

 

 

Total non-service cost (benefit)
 
(20
)
 
(12
)
 
1

 
1

Net periodic benefit cost
 
$
10

 
$
21

 
$
1

 
$
1


 
The following table indicates the line items in which the respective service costs and non-service cost (benefit) are presented in the consolidated statement of income for the three months ended March 31, 2019 and 2018.
 
 
 
Pension Plans
 
Postretirement Benefit Plans
(for the three months ended March 31, in millions)
 
2019
 
2018
 
2019
 
2018
Service Cost:
 
 

 
 

 
 

 
 

Claims and claim adjustment expenses
 
$
12

 
$
13

 
$

 
$

General and administrative expenses
 
18

 
20

 

 

Total service cost
 
30

 
33

 

 

 
 
 
 
 
 
 
 
 
Non-Service Cost (Benefit):
 
 

 
 

 
 

 
 

Claims and claim adjustment expenses
 
(8
)
 
(5
)
 

 

General and administrative expenses
 
(12
)
 
(7
)
 
1

 
1

Total non-service cost (benefit)
 
(20
)
 
(12
)
 
1

 
1

Net periodic benefit cost
 
$
10

 
$
21

 
$
1

 
$
1