Kodak 2005 Annual Report Download - page 107
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105
The net pension amounts recognized on the Consolidated Statement of Financial Position at December 31, 2005 and 2004 for all major funded and
unfunded U.S. and Non-U.S. defi ned benefi t plans are as follows:
2005 2004
(in millions) U.S. Non-U.S. U.S. Non-U.S.
Change in Benefi t Obligation
Projected benefi t obligation at January 1 $ 6,475 $ 3,635 $ 6,588 $ 3,141
Acquisitions/divestitures — 46 (291) 36
Service cost 116 40 119 38
Interest cost 346 165 381 169
Participant contributions — 14 — 7
Plan amendment — (1) — —
Benefi t payments (740) (226) (707) (204)
Actuarial loss 92 458 451 220
Curtailments (85) (21) (66) (9)
Settlements — (62) — (85)
Special termination benefi ts — 101 — 52
Currency adjustments — (388) — 270
Projected benefi t obligation at December 31 $ 6,204 $ 3,761 $ 6,475 $ 3,635
Change in Plan Assets
Fair value of plan assets at January 1 $ 6,480 $ 2,858 $ 6,503 $ 2,432
Acquisitions/divestitures 14 36 (291) 1
Actual return on plan assets 814 427 945 302
Employer contributions 25 154 30 166
Participant contributions — 14 — 7
Settlements — (60) — —
Benefi t payments (740) (226) (707) (262)
Currency adjustments — (292) — 212
Fair value of plan assets at December 31 $ 6,593 $ 2,911 $ 6,480 $ 2,858
Funded Status at December 31 $ 388 $ (849) $ 5 $ (777)
Unrecognized:
Net transition obligation (asset) — 9 — (2)
Net actuarial loss 236 985 631 957
Prior service cost (gain) 4 43 5 91
Net amount recognized at December 31 $ 628 $ 188 $ 641 $ 269
Amounts recognized in the Consolidated Statement of Financial Position for all major funded and unfunded U.S. and Non-U.S. defi ned benefi t plans are
as follows:
2005 2004
(in millions) U.S. Non-U.S. U.S. Non-U.S.
Prepaid pension cost $ 790 $ 329 $ 803 $ 393
Accrued benefi t liability (162) (141) (162) (124)
Additional minimum pension liability (101) (794) (99) (674)
Intangible asset 2 21 2 57
Accumulated other comprehensive income 99 773 97 617
Net amount recognized at December 31 $ 628 $ 188 $ 641 $ 269