Quarterly report pursuant to Section 13 or 15(d)

EMPLOYEE BENEFIT PLANS

v3.8.0.1
EMPLOYEE BENEFIT PLANS
3 Months Ended
Mar. 31, 2018
EMPLOYEE BENEFIT PLANS  
EMPLOYEE BENEFIT PLANS

11. EMPLOYEE BENEFIT PLANS

 

Components of the net periodic benefit costs from continuing operations for the three months ended March 31, 2018 and 2017 were as follows (dollars in millions):

 

Huntsman Corporation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Postretirement

 

 

Defined Benefit Plans

 

Benefit Plans

 

 

Three months

 

Three months

 

 

ended

 

ended

 

 

March 31, 

 

March 31, 

 

    

2018

    

2017

    

2018

    

2017

Service cost

 

$

17

 

$

15

 

$

 1

 

$

 1

Interest cost

 

 

20

 

 

20

 

 

 1

 

 

 1

Expected return on assets

 

 

(43)

 

 

(38)

 

 

 —

 

 

 —

Amortization of prior service benefit

 

 

(2)

 

 

(2)

 

 

(1)

 

 

(2)

Amortization of actuarial loss

 

 

18

 

 

18

 

 

 —

 

 

 1

Settlement loss

 

 

 2

 

 

 —

 

 

 —

 

 

 —

Net periodic benefit cost

 

$

12

 

$

13

 

$

 1

 

$

 1

 

Huntsman International

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Postretirement

 

 

Defined Benefit Plans

 

Benefit Plans

 

 

Three months

 

Three months

 

 

ended

 

ended

 

 

March 31, 

 

March 31, 

 

    

2018

    

2017

    

2018

    

2017

Service cost

 

$

17

 

$

15

 

$

 1

 

$

 1

Interest cost

 

 

20

 

 

20

 

 

 1

 

 

 1

Expected return on assets

 

 

(43)

 

 

(38)

 

 

 —

 

 

 —

Amortization of prior service benefit

 

 

(2)

 

 

(2)

 

 

(1)

 

 

(2)

Amortization of actuarial loss

 

 

19

 

 

19

 

 

 —

 

 

 1

Settlement loss

 

 

 2

 

 

 —

 

 

 —

 

 

 —

Net periodic benefit cost

 

$

13

 

$

14

 

$

 1

 

$

 1

 

During the three months ended March 31, 2018 and 2017, we made contributions to our pension and other postretirement benefit plans related to continuing operations of $25 million and $11 million, respectively. During the remainder of 2018, we expect to contribute an additional amount of approximately $73 million to these plans.