Quarterly report pursuant to Section 13 or 15(d)

BENEFIT PLANS (Tables)

v3.8.0.1
BENEFIT PLANS (Tables)
 3 Months Ended
Mar. 31, 2018
Retirement Benefits [Abstract]  
Schedule of Net Benefit Costs
The following table shows the components of net periodic (benefit) cost for all plans:
 
Pension Benefits (1)
 
Post-Retirement Benefits (1)
 
Three Months Ended March 31,
 
Three Months Ended March 31,
(dollar amounts in millions)
2018
 
2017
 
2018
 
2017
Service cost
$
1

 
$
1

 
$
—

 
$
—

Interest cost
7

 
7

 
—

 
—

Expected return on plan assets
(12
)
 
(14
)
 
—

 
—

Amortization of prior service cost
—

 
—

 
(1
)
 
—

Amortization of loss
2

 
2

 
—

 
—

Settlements
3

 
3

 
—

 
—

Net periodic (benefit) cost
$
1

 
$
(1
)
 
$
(1
)
 
$
—


(1)
All pension and post-retirement (benefits) costs are recorded in Other Income on the Condensed Consolidated Statements of Income.
Schedule of Costs of Retirement Plans
defined contribution plans during the first quarter 2018 and 2017 was $11 million and $11 million, respectively.