Quarterly report pursuant to Section 13 or 15(d)

EMPLOYEE BENEFIT PLANS

v2.4.0.8
EMPLOYEE BENEFIT PLANS
 6 Months Ended
Jun. 30, 2013
EMPLOYEE BENEFIT PLANS  
EMPLOYEE BENEFIT PLANS

10. EMPLOYEE BENEFIT PLANS

        Components of the net periodic benefit costs for the three and six months ended June 30, 2013 and 2012 were as follows (dollars in millions):

Huntsman Corporation

 
   Defined
Benefit Plans		   Other Postretirement
Benefit Plans		  
 
   Three months
ended
June 30,		   Three months
ended
June 30,		  
 
   2013   2012   2013   2012  

Service cost

   $ 16   $ 15   $ 1   $ 1  

Interest cost

     32     36     1     1  

Expected return on assets

     (42 )   (45 )   —     —  

Amortization of prior service benefit

     (1 )   (2 )   (1 )   —  

Amortization of actuarial loss

     20     11     1     1  
                   

Net periodic benefit cost

   $ 25   $ 15   $ 2   $ 3  
                   


 

 
   Defined
Benefit Plans		   Other Postretirement
Benefit Plans		  
 
   Six months
ended
June 30,		   Six months
ended
June 30,		  
 
   2013   2012   2013   2012  

Service cost

   $ 33   $ 31   $ 2   $ 2  

Interest cost

     65     73     2     3  

Expected return on assets

     (86 )   (91 )   —     —  

Amortization of prior service benefit

     (3 )   (4 )   (1 )   (1 )

Amortization of actuarial loss

     40     22     1     1  

Special termination benefits

     5     —     —     —  
                   

Net periodic benefit cost

   $ 54   $ 31   $ 4   $ 5  
                   

Huntsman International

 
   Defined Benefit
Plans		   Other
Postretirement
Benefit Plans		  
 
   Three months
ended
June 30,		   Three months
ended
June 30,		  
 
   2013   2012   2013   2012  

Service cost

   $ 17   $ 15   $ 1   $ 1  

Interest cost

     32     36     1     1  

Expected return on assets

     (42 )   (45 )   —     —  

Amortization of prior service benefit

     (1 )   (2 )   (1 )   —  

Amortization of actuarial loss

     21     12     1     1  
                   

Net periodic benefit cost

   $ 27   $ 16   $ 2   $ 3  
                   


 

 
   Defined Benefit
Plans		   Other
Postretirement
Benefit Plans		  
 
   Six months
ended
June 30,		   Six months
ended
June 30,		  
 
   2013   2012   2013   2012  

Service cost

   $ 34   $ 31   $ 2   $ 2  

Interest cost

     65     73     2     3  

Expected return on assets

     (86 )   (91 )   —     —  

Amortization of prior service benefit

     (3 )   (4 )   (1 )   (1 )

Amortization of actuarial loss

     42     24     1     1  

Special termination benefits

     5     —     —     —  
                   

Net periodic benefit cost

   $ 57   $ 33   $ 4   $ 5  
                   

        During the six months ended June 30, 2013 and 2012, we made contributions to our pension and other postretirement benefit plans of $76 million and $84 million, respectively. During the remainder of 2013, we expect to contribute an additional amount of approximately $91 million to these plans.