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11. EMPLOYEE BENEFIT PLANS
Components of the net periodic benefit costs from continuing operations for the three months ended March 31, 2020 and 2019 were as follows (dollars in millions):
Huntsman Corporation
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Other Postretirement |
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Defined Benefit Plans |
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Benefit Plans |
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Three months |
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Three months |
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ended |
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ended |
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March 31, |
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March 31, |
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2020 |
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2019 |
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2020 |
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2019 |
Service cost |
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$ |
14 |
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$ |
13 |
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$ |
— |
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$ |
— |
Interest cost |
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15 |
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20 |
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1 |
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1 |
Expected return on assets |
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(43) |
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(39) |
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— |
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— |
Amortization of prior service benefit |
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(2) |
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(2) |
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(1) |
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(1) |
Amortization of actuarial loss |
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20 |
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17 |
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— |
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— |
Net periodic benefit cost |
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$ |
4 |
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$ |
9 |
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$ |
— |
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$ |
— |
Huntsman International
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Other Postretirement |
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Defined Benefit Plans |
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Benefit Plans |
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Three months |
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Three months |
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ended |
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ended |
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March 31, |
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March 31, |
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2020 |
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2019 |
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2020 |
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2019 |
Service cost |
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$ |
14 |
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$ |
13 |
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$ |
— |
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$ |
— |
Interest cost |
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15 |
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20 |
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1 |
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1 |
Expected return on assets |
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(43) |
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(39) |
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— |
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— |
Amortization of prior service benefit |
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(2) |
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(2) |
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(1) |
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(1) |
Amortization of actuarial loss |
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21 |
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18 |
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— |
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— |
Net periodic benefit cost |
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$ |
5 |
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$ |
10 |
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$ |
— |
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$ |
— |
During both of the three months ended March 31, 2020 and 2019, we made contributions to our pension and other postretirement benefit plans of $20 million. During the remainder of 2020, we expect to contribute an additional amount of approximately $67 million to these plans.
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