Quarterly report pursuant to Section 13 or 15(d)

EMPLOYEE BENEFIT PLANS

v2.4.1.9
EMPLOYEE BENEFIT PLANS
3 Months Ended
Mar. 31, 2015
EMPLOYEE BENEFIT PLANS  
EMPLOYEE BENEFIT PLANS

10. EMPLOYEE BENEFIT PLANS

        Components of the net periodic benefit costs for the three months ended March 31, 2015 and 2014 were as follows (dollars in millions):

Huntsman Corporation

                                                                                                                                                                                    

 

 

Defined
Benefit Plans

 

Other
Postretirement
Benefit Plans

 

 

 

Three months
ended
March 31,

 

Three months
ended
March 31,

 

 

 

2015

 

2014

 

2015

 

2014

 

Service cost

 

$

19

 

$

15

 

$

1

 

$

1

 

Interest cost

 

 

31

 

 

37

 

 

1

 

 

1

 

Expected return on assets

 

 

(51

)

 

(49

)

 

 

 

 

Amortization of prior service benefit

 

 

(2

)

 

(1

)

 

(1

)

 

(1

)

Amortization of actuarial loss

 

 

19

 

 

13

 

 

1

 

 

 

Special termination benefits

 

 

 

 

3

 

 

 

 

 

Settlement loss

 

 

 

 

1

 

 

 

 

—  

 

​  

​  

​  

​  

​  

​  

​  

​  

Net periodic benefit cost

 

$

16

 

$

19

 

$

2

 

$

1

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Huntsman International

                                                                                                                                                                                    

 

 

Defined
Benefit Plans

 

Other
Postretirement
Benefit Plans

 

 

 

Three months
ended
March 31,

 

Three months
ended
March 31,

 

 

 

2015

 

2014

 

2015

 

2014

 

Service cost

 

$

19

 

$

15

 

$

1

 

$

1

 

Interest cost

 

 

31

 

 

37

 

 

1

 

 

1

 

Expected return on assets

 

 

(51

)

 

(49

)

 

 

 

 

Amortization of prior service benefit

 

 

(2

)

 

(1

)

 

(1

)

 

(1

)

Amortization of actuarial loss

 

 

21

 

 

15

 

 

1

 

 

 

Special termination benefits

 

 

 

 

3

 

 

 

 

 

Settlement loss

 

 

 

 

1

 

 

 

 

—  

 

​  

​  

​  

​  

​  

​  

​  

​  

Net periodic benefit cost

 

$

18

 

$

21

 

$

2

 

$

1

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

        During the three months ended March 31, 2015 and 2014, we made contributions to our pension and other postretirement benefit plans of $33 million and $28 million, respectively. During the remainder of 2015, we expect to contribute an additional amount of approximately $66 million to these plans.