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, 2016

9. EMPLOYEE BENEFIT PLANS

Components of the net periodic benefit costs for the three and nine months ended September 30, 2016 and 2015 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,
	2016			2015			2016			2015
Service cost	$	16		$	18		$	1		$	1
Interest cost		30			31			1			1
Expected return on assets		(46	)		(50	)		—			—
Amortization of prior service benefit		(2	)		(2	)		(2	)		(1	)
Amortization of actuarial loss		17			20			—			—

Net periodic benefit cost	$	15		$	17		$	—		$	1

	Defined Benefit Plans						Other Postretirement Benefit Plans
	Nine months ended September 30,						Nine months ended September 30,
	2016			2015			2016			2015
Service cost	$	48		$	54		$	2		$	3
Interest cost		91			92			3			4
Expected return on assets		(141	)		(150	)		—			—
Amortization of prior service benefit		(7	)		(4	)		(5	)		(3	)
Amortization of actuarial loss		51			57			1			2
Special termination benefits		—			3			—			—

Net periodic benefit cost	$	42		$	52		$	1		$	6

Huntsman International

	Defined Benefit Plans						Other Postretirement Benefit Plans
	Three months ended September 30,						Three months ended September 30,
	2016			2015			2016			2015
Service cost	$	16		$	18		$	1		$	1
Interest cost		30			31			1			1
Expected return on assets		(46	)		(50	)		—			—
Amortization of prior service benefit		2			(2	)		(2	)		(1	)
Amortization of actuarial loss		20			22			—			—

Net periodic benefit cost	$	22		$	19		$	—		$	1

	Defined Benefit Plans						Other Postretirement Benefit Plans
	Nine months ended September 30,						Nine months ended September 30,
	2016			2015			2016			2015
Service cost	$	48		$	54		$	2		$	3
Interest cost		91			92			3			4
Expected return on assets		(141	)		(150	)		—			—
Amortization of prior service benefit		(7	)		(4	)		(5	)		(3	)
Amortization of actuarial loss		57			63			1			2
Special termination benefits		—			3			—			—

Net periodic benefit cost	$	48		$	58		$	1		$	6

During the nine months ended September 30, 2016 and 2015, we made contributions to our pension and other postretirement benefit plans of $54 million and $83 million, respectively. During the remainder of 2016, we expect to contribute an additional amount of approximately $20 million to these plans.