Kodak 2005 Annual Report Download - page 111
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109
the Company’s KRIP plan and are funded from the general assets of the Company as they are incurred. However, those under the Cash Balance Plus
portion of the KRIP plan would be required to pay the full cost of their benefi ts under the plan. The Company’s subsidiaries in the United Kingdom and
Canada offer similar healthcare benefi ts.
The measurement date used to determine the net benefi t obligation for the Company’s other postretirement benefi t plans is December 31.
Changes in the Company’s benefi t obligation and funded status for the U.S., United Kingdom and Canada other postretirement benefi t plans are
as follows:
(in millions) 2005 2004
Net benefi t obligation at beginning of year $ 3,270 $ 3,540
Acquisitions/divestitures — (33)
Service cost 14 15
Interest cost 170 189
Plan participants’ contributions 20 17
Plan amendments — (15)
Actuarial gain (121) (82)
Curtailments (29) (17)
Settlements — (99)
Benefi t payments (260) (254)
Currency adjustments (3) 9
Net benefi t obligation at end of year $ 3,061 $ 3,270
Funded status at end of year $ (3,061) $ (3,270)
Unamortized net actuarial loss 968 1,188
Unamortized prior service cost (172) (251)
Net amount recognized and recorded at end of year $ (2,265) $ (2,333)
Other postretirement benefi t cost for the Company’s U.S., United Kingdom and Canada plans included:
(in millions) 2005 2004 2003
Components of net postretirement benefi t cost
Service cost $ 14 $ 15 $ 17
Interest cost 170 189 213
Amortization of:
Prior service cost (52) (59) (61)
Actuarial loss 68 85 69
Other postretirement benefi t cost before curtailment and
settlement gains and losses 200 230 238
Curtailment (gains) losses (28) (63) 1
Settlement (gains) losses — (64) —
Total net other postretirement benefi t cost $ 172 $ 103 $ 239
Net other postretirement benefi t income from discontinued operations — — (1)
Net other postretirement benefi t cost from continuing operations $ 172 $ 103 $ 238