Huntsman Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS

9 Months Ended

Sep. 30, 2015

10. EMPLOYEE BENEFIT PLANS

Components of the net periodic benefit costs for the three months ended September 30, 2015 and 2014 were as follows (dollars in millions):

Huntsman Corporation

	Defined Benefit Plans						Other Postretirement Benefit Plans
	Three months ended September 30,						Three months ended September 30,
	2015			2014			2015			2014
Service cost	$	18		$	14		$	1		$	1
Interest cost		31			36			1			1
Expected return on assets		(50	)		(48	)		—			—
Amortization of prior service benefit		(2	)		(1	)		(1	)		(1	)
Amortization of actuarial loss		20			13			—			—
Settlement loss		—			10			—			—

Net periodic benefit cost	$	17		$	24		$	1		$	1

	Defined Benefit Plans						Other Postretirement Benefit Plans
	Nine months ended September 30,						Nine months ended September 30,
	2015			2014			2015			2014
Service cost	$	54		$	44		$	3		$	2
Interest cost		92			110			4			4
Expected return on assets		(150	)		(146	)		—			—
Amortization of prior service benefit		(4	)		(4	)		(3	)		(3	)
Amortization of actuarial loss		57			39			2			1
Special termination benefits		3			3			—
Settlement loss		—			11			—			—

Net periodic benefit cost	$	52		$	57		$	6		$	4

Huntsman International

	Defined Benefit Plans						Other Postretirement Benefit Plans
	Three months ended September 30,						Three months ended September 30,
	2015			2014			2015			2014
Service cost	$	18		$	14		$	1		$	1
Interest cost		31			36			1			1
Expected return on assets		(50	)		(48	)		—			—
Amortization of prior service benefit		(2	)		(1	)		(1	)		(1	)
Amortization of actuarial loss		22			15			—			—
Settlement loss		—			10			—			—

Net periodic benefit cost	$	19		$	26		$	1		$	1

	Defined Benefit Plans						Other Postretirement Benefit Plans
	Nine months ended September 30,						Nine months ended September 30,
	2015			2014			2015			2014
Service cost	$	54		$	44		$	3		$	2
Interest cost		92			110			4			4
Expected return on assets		(150	)		(146	)		—			—
Amortization of prior service benefit		(4	)		(4	)		(3	)		(3	)
Amortization of actuarial loss		63			45			2			1
Special termination benefits		3			3			—			—
Settlement loss		—			11			—			—

Net periodic benefit cost	$	58		$	63		$	6		$	4

During the nine months ended September 30, 2015 and 2014, we made contributions to our pension and other postretirement benefit plans of $83 million and $113 million, respectively. During the remainder of 2015, we expect to contribute an additional amount of approximately $17 million to these plans.

In connection with employee terminations related to restructuring programs, we recorded noncash pension settlement losses of nil and $11 million for the nine months ended September 30, 2015 and 2014, respectively.