Kodak 2005 Annual Report Download - page 108
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106
The prepaid pension cost asset amounts for the U.S. and Non-U.S. at December 31, 2005 and 2004 are included in other long-term assets. The
accrued benefi t liability and additional minimum pension liability amounts (net of the intangible asset amounts) for the U.S. and Non-U.S. at
December 31, 2005 and 2004 are included in pension and other postretirement liabilities. The accumulated other comprehensive income amounts for
the U.S. and Non-U.S. at December 31, 2005 and 2004 are included as a component of shareholders’ equity, net of taxes.
The accumulated benefi t obligations for all the 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.
Accumulated benefi t obligation $ 5,719 $ 3,567 $ 5,738 $ 3,327
Information with respect to the major funded and unfunded U.S. and Non-U.S. defi ned benefi t plans with an accumulated benefi t obligation in excess
of plan assets is as follows:
2005 2004
(in millions) U.S. Non-U.S. U.S. Non-U.S.
Projected benefi t obligation $ 422 $ 3,402 $ 374 $ 3,274
Accumulated benefi t obligation 389 3,221 340 2,983
Fair value of plan assets 126 2,526 79 2,491
Pension expense (income) for all defi ned benefi t plans included:
2005 2004 2003
(in millions) U.S. Non-U.S. U.S. Non-U.S. U.S. Non-U.S.
Service cost $ 116 $ 40 $ 119 $ 38 $ 119 $ 38
Interest cost 346 165 381 169 410 148
Expected return on plan assets (518) (207) (534) (198) (582) (177)
Amortization of:
Transition obligation (asset) — (1) — (1) 2 (2)
Prior service cost 1 25 1 (17) 2 (30)
Actuarial loss 33 66 28 48 4 31
Pension (income) expense before
special termination benefi ts, curtailment
losses and settlement losses (22) 88 (5) 39 (45) 8
Special termination benefi ts — 101 — 52 — 30
Curtailment losses — 21 8 — — —
Settlement losses 54 11 — — — 2
Net pension (income) expense 32 221 3 91 (45) 40
Other plans including unfunded plans — 20 — 7 — 17
Total net pension (income) expense 32 241 3 98 (45) 57
Net pension expense from
discontinued operations 54 — — — 5 —
Net pension (income) expense
from continuing operations $ (22) $ 241 $ 3 $ 98 $ (50) $ 57