Pension Benefits Pension Benefits

6 Months Ended

Sep. 30, 2014

Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]

Pension and Other Postretirement Benefits Disclosure [Text Block]

Pension Benefits

Net periodic expense for the defined pension benefit plans of the Company and Celesio were $12 million and $23 million for the second quarter and first six months of 2015 and $10 million and $21 million for the second quarter and first six months of 2014. Cash contributions to these plans were $16 million and $31 million for the second quarter and first six months of 2015 and $1 million and $6 million for the second quarter and first six months 2014. The increase in contributions in 2015 compared to 2014 is primarily related to defined benefit pension plans of Celesio, which we acquired in the fourth quarter of 2014.

The net periodic expense for our pension plans, which includes net pension expense for Celesio in 2015, is as follows:

	U.S. Plans						Non-U.S. Plans						U.S. Plans						Non-U.S. Plans
	Quarter Ended September 30,						Quarter Ended September 30,						Six Months Ended September 30,						Six Months Ended September 30,
(In millions)	2014			2013			2014			2013			2014			2013			2014			2013
Service cost - benefits earned during the year	$	—		$	1		$	5		$	1		$	1		$	2		$	9		$	2
Interest cost on projected benefit obligation	4			5			9			2			9			10			18			3
Expected return on assets	(5		)	(5		)	(8		)	(2		)	(11		)	(10		)	(15		)	(4		)
Amortization of unrecognized actuarial loss, prior service costs and net transitional obligation	6			7			1			1			10			16			2			2
Net periodic pension expense	$	5		$	8		$	7		$	2		$	9		$	18		$	14		$	3

The projected unit credit method is utilized in measuring net periodic pension expense over the employees’ service life for the pension plans. Unrecognized actuarial losses exceeding 10% of the greater of the projected benefit obligation or the market value of assets are amortized straight-line over the average remaining future service periods.