Quarterly report pursuant to Section 13 or 15(d)

EMPLOYEE BENEFIT PLANS (Tables)

v2.4.0.8
EMPLOYEE BENEFIT PLANS (Tables)
 6 Months Ended
Jun. 30, 2014
DEFINED BENEFIT AND OTHER POSTRETIREMENT BENEFIT PLANS  
Components of the net periodic benefit costs

Components of the net periodic benefit costs for the three and six months ended June 30, 2014 and 2013 were as follows (dollars in millions):

 

 
   Defined
Benefit Plans		   Other
Postretirement
Benefit Plans		  
 
   Three months
ended
June 30,		   Three months
ended
June 30,		  
 
   2014   2013   2014   2013  

Service cost

   $ 15   $ 16   $ —   $ 1  

Interest cost

     37     32     2     1  

Expected return on assets

     (49 )   (42 )   —     —  

Amortization of prior service benefit

     (2 )   (1 )   (1 )   (1 )

Amortization of actuarial loss

     13     20     1     1  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net periodic benefit cost

   $ 14   $ 25   $ 2   $ 2  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   


 

 
   Defined
Benefit Plans		   Other
Postretirement
Benefit Plans		  
 
   Six months
ended
June 30,		   Six months
ended
June 30,		  
 
   2014   2013   2014   2013  

Service cost

   $ 30   $ 33   $ 1   $ 2  

Interest cost

     74     65     3     2  

Expected return on assets

     (98 )   (86 )   —     —  

Amortization of prior service benefit

     (3 )   (3 )   (2 )   (1 )

Amortization of actuarial loss

     26     40     1     1  

Special termination benefits

     3     5     —     —  

Settlement loss

     1     —     —     —  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net periodic benefit cost

   $ 33   $ 54   $ 3   $ 4  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
  
DEFINED BENEFIT AND OTHER POSTRETIREMENT BENEFIT PLANS  
Components of the net periodic benefit costs

Components of the net periodic benefit costs for the three and six months ended June 30, 2014 and 2013 were as follows (dollars in millions):

 
   Defined
Benefit Plans		   Other
Postretirement
Benefit Plans		  
 
   Three months
ended
June 30,		   Three months
ended
June 30,		  
 
   2014   2013   2014   2013  

Service cost

   $ 15   $ 17   $ —   $ 1  

Interest cost

     37     32     2     1  

Expected return on assets

     (49 )   (42 )   —     —  

Amortization of prior service benefit

     (2 )   (1 )   (1 )   (1 )

Amortization of actuarial loss

     15     21     1     1  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net periodic benefit cost

   $ 16   $ 27   $ 2   $ 2  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   

 
   Defined
Benefit Plans		   Other
Postretirement
Benefit Plans		  
 
   Six months
ended
June 30,		   Six months
ended
June 30,		  
 
   2014   2013   2014   2013  

Service cost

   $ 30   $ 34   $ 1   $ 2  

Interest cost

     74     65     3     2  

Expected return on assets

     (98 )   (86 )   —     —  

Amortization of prior service benefit

     (3 )   (3 )   (2 )   (1 )

Amortization of actuarial loss

     30     42     1     1  

Special termination benefits

     3     5     —     —  

Settlement loss

     1     —     —     —  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net periodic benefit cost

   $ 37   $ 57   $ 3   $ 4  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​