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

6 Months Ended

Jun. 30, 2016

9. EMPLOYEE BENEFIT PLANS

Components of the net periodic benefit costs for the three and six months ended June 30, 2016 and 2015 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,
	2016			2015			2016			2015
Service cost	$	16		$	17		$	—		$	1
Interest cost		31			30			1			2
Expected return on assets		(48	)		(49	)		—			—
Amortization of prior service benefit		(3	)		—			(1	)		(1	)
Amortization of actuarial loss		18			18			—			1
Special termination benefits		—			3			—			—

Net periodic benefit cost	$	14		$	19		$	—		$	3

	Defined Benefit Plans						Other Postretirement Benefit Plans
	Six months ended June 30,						Six months ended June 30,
	2016			2015			2016			2015
Service cost	$	32		$	36		$	1		$	2
Interest cost		61			61			2			3
Expected return on assets		(95	)		(100	)		—			—
Amortization of prior service benefit		(5	)		(2	)		(3	)		(2	)
Amortization of actuarial loss		34			37			1			2
Special termination benefits		—			3			—			—

Net periodic benefit cost	$	27		$	35		$	1		$	5

Huntsman International

	Defined Benefit Plans						Other Postretirement Benefit Plans
	Three months ended June 30,						Three months ended June 30,
	2016			2015			2016			2015
Service cost	$	16		$	17		$	—		$	1
Interest cost		31			30			1			2
Expected return on assets		(48	)		(49	)		—			—
Amortization of prior service benefit		(3	)		—			(1	)		(1	)
Amortization of actuarial loss		19			20			—			1
Special termination benefits		—			3			—			—

Net periodic benefit cost	$	15		$	21		$	—		$	3

	Defined Benefit Plans						Other Postretirement Benefit Plans
	Six months ended June 30,						Six months ended June 30,
	2016			2015			2016			2015
Service cost	$	32		$	36		$	1		$	2
Interest cost		61			61			2			3
Expected return on assets		(95	)		(100	)		—			—
Amortization of prior service benefit		(5	)		(2	)		(3	)		(2	)
Amortization of actuarial loss		37			41			1			2
Special termination benefits		—			3			—			—

Net periodic benefit cost	$	30		$	39		$	1		$	5

During the six months ended June 30, 2016 and 2015, we made contributions to our pension and other postretirement benefit plans of $38 million and $55 million, respectively. During the remainder of 2016, we expect to contribute an additional amount of approximately $36 million to these plans.