10-K
UNION CARBIDE CORP /NEW/ filed this Form 10-K on 02/15/2018
Entire Document
 

The accumulated benefit obligation for all defined benefit pension plans was $4.1 billion at December 31, 2017 and $4.0 billion at December 31, 2016.

Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets at Dec 31
 
 
In millions
2017
2016
Projected benefit obligations
$
4,150

$
4,025

Accumulated benefit obligations
$
4,120

$
3,997

Fair value of plan assets
$
3,307

$
3,097


Pension Plans with Projected Benefit Obligations in Excess of Plan Assets at Dec 31
2017
2016
In millions
Projected benefit obligations
$
4,150

$
4,025

Accumulated benefit obligations
$
4,120

$
3,997

Fair value of plan assets
$
3,307

$
3,097


 
Net Periodic Benefit Cost for All Plans for the Year Ended Dec 31
Defined Benefit Pension Plans
Other Postretirement Benefits
 
 
In millions
2017
2016
2015
2017
2016
2015
 
Net Periodic Benefit Cost:
 
 
 
 
 
 
 
Service cost
$
38

$
39

$
44

$
1

$
1

$
1

 
Interest cost
129

131

164

8

8

10

 
Expected return on plan assets
(221
)
(217
)
(226
)



 
Amortization of prior service credit
(1
)
(1
)
(1
)


(1
)
 
Amortization of net (gain) loss
83

75

87

(6
)
(7
)
(10
)
 
Net periodic benefit cost
$
28

$
27

$
68

$
3

$
2

$

 
Changes in plan assets and benefit obligations recognized in other comprehensive (income) loss:
 
 
 
 
 
 
 
Net (gain) loss
$
131

$
208

$
34

$
(23
)
$
4

$
19

 
Prior service cost


4




 
Amortization of prior service credit
1

1

1



1

 
Amortization of net gain (loss)
(83
)
(75
)
(87
)
6

7

10

 
Total recognized in other comprehensive (income) loss
$
49

$
134

$
(48
)
$
(17
)
$
11

$
30

 
Total recognized in net periodic benefit cost and other comprehensive (income) loss
$
77

$
161

$
20

$
(14
)
$
13

$
30



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