Kodak 2003 Annual Report Download - page 67

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Financials
67
The net pension amounts recognized on the Consolidated Statement of Financial Position at December 31, 2003 and 2002 for all major funded and
unfunded U.S. and Non-U.S. defined benefit plans are as follows:
2003 2002
(in millions) U.S. Non-U.S. U.S. Non-U.S.
Change in Benefit Obligation
Projected benefit obligation at January 1 $ 6,213 $ 2,594 $ 5,939 $ 2,099
New plans ——25 13
Service cost 119 38 106 33
Interest cost 408 148 421 131
Participant contributions —14—9
Plan amendment —183 (46)
Benefit payments (692) (173) (713) (141)
Actuarial loss 512 92 432 227
Curtailments (1) (2) ——
Settlements — (6) ——
Special termination benefits —26——
Currency adjustments — 382 — 269
Projected benefit obligation at December 31 $ 6,559 $ 3,131 $ 6,213 $ 2,594
Change in Plan Assets
Fair value of plan assets at January 1 $ 5,790 $ 1,805 $ 6,372 $ 1,731
New plans ——33 13
Actual return on plan assets 1,381 378 75 (106)
Employer contributions 24 126 23 105
Participant contributions —14—10
Settlements — (6) ——
Benefit payments (692) (173) (713) (141)
Currency adjustments — 288 — 193
Fair value of plan assets at December 31 $ 6,503 $ 2,432 $ 5,790 $ 1,805
Funded Status at December 31 $ (56) $ (699) $ (423) $ (789)
Unrecognized:
Net transition obligation (asset) — (3) 2 (7)
Net actuarial loss 682 856 975 899
Prior service cost (gain) 7368 (21)
Net amount recognized at December 31 $ 633 $ 190 $ 562 $ 82
Amounts recognized in the Statement of Financial Position for all major funded and unfunded U.S. and Non-U.S. defined benefit plans are as follows:
2003 2002
(in millions) U.S. Non-U.S. U.S. Non-U.S.
Prepaid pension cost $ 790 $ 350 $ 712 $ 260
Accrued benefit liability (157) (160) (150) (178)
Additional minimum pension
liability (91) (572) (78) (706)
Intangible asset 3955112
Accumulated other comprehensive
income 88 477 73 594
Net amount recognized at
December 31 $ 633 $ 190 $ 562 $ 82
The prepaid pension cost asset amounts for the U.S. and Non-U.S. at December 31, 2003 and 2002 are included in other long-term assets. The
accrued benefit liability and additional minimum pension liability amounts (net of the intangible asset amounts) for the U.S. and Non-U.S. at December
31, 2003 and 2002 are included in postretirement liabilities. The accumulated other comprehensive income amounts for the U.S. and Non-U.S. at
December 31, 2003 and 2002 are included as a component of shareholders’ equity, net of taxes.