Quarterly report pursuant to Section 13 or 15(d)

EMPLOYEE BENEFIT PLANS

v3.19.3
EMPLOYEE BENEFIT PLANS
9 Months Ended
Sep. 30, 2019
EMPLOYEE BENEFIT PLANS  
EMPLOYEE BENEFIT PLANS

12. EMPLOYEE BENEFIT PLANS

Components of the net periodic benefit costs from continuing operations for the three and nine months ended September 30, 2019 and 2018 were as follows (dollars in millions):

Huntsman Corporation

Other Postretirement

Defined Benefit Plans

Benefit Plans

Three months

Three months

ended

ended

September 30, 

September 30, 

    

2019

    

2018

    

2019

    

2018

Service cost

$

14

$

13

$

$

Interest cost

19

20

1

Expected return on assets

(40)

(40)

Amortization of prior service benefit

(1)

(2)

(1)

(1)

Amortization of actuarial loss

17

17

1

Net periodic benefit cost

$

9

$

8

$

$

Other Postretirement

Defined Benefit Plans

Benefit Plans

Nine months

Nine months

ended

ended

September 30, 

September 30, 

    

2019

    

2018

    

2019

    

2018

Service cost

$

39

$

41

$

1

$

1

Interest cost

59

57

2

2

Expected return on assets

(118)

(122)

Amortization of prior service benefit

(4)

(5)

(4)

(4)

Amortization of actuarial loss

51

52

1

2

Settlement loss

2

Net periodic benefit cost

$

27

$

25

$

$

1

Huntsman International

Other Postretirement

Defined Benefit Plans

Benefit Plans

Three months

Three months

ended

ended

September 30, 

September 30, 

    

2019

    

2018

    

2019

    

2018

Service cost

$

14

$

13

$

$

Interest cost

19

20

1

Expected return on assets

(40)

(40)

Amortization of prior service benefit

(1)

(2)

(1)

(1)

Amortization of actuarial loss

17

18

1

Net periodic benefit cost

$

9

$

9

$

$

Other Postretirement

Defined Benefit Plans

Benefit Plans

Nine months

Nine months

ended

ended

September 30, 

September 30, 

    

2019

    

2018

    

2019

    

2018

Service cost

$

39

$

41

$

1

$

1

Interest cost

59

57

2

2

Expected return on assets

(118)

(122)

Amortization of prior service benefit

(4)

(5)

(4)

(4)

Amortization of actuarial loss

53

54

1

2

Settlement loss

2

Net periodic benefit cost

$

29

$

27

$

$

1

During both of the nine months ended September 30, 2019 and 2018, we made contributions to our pension and other postretirement benefit plans of $67 million. During the remainder of 2019, we expect to contribute an additional amount of approximately $10 million to these plans.