Kodak 2007 Annual Report Download - page 78
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77
Information regarding the major funded and unfunded U.S. and Non-U.S. defined benefit plans follows:
(in millions) 2007 2006
U.S. Non-U.S. U.S. Non-U.S.
Change in Benefit Obligation
Projected benefit obligation at January 1 $ 5,557 $ 4,067 $ 6,204 $ 3,784
Acquisitions/divestitures — 4 — —
Service cost 71 27 92 35
Interest cost 304 205 325 180
Participant contributions — 10 — 16
Plan amendment 7 — — 2
Benefit payments (408) (274) (394) (261)
Actuarial (gain) loss 47 51 (190) (115)
Curtailments (97) (33) (53) (30)
Settlements (579) (51) (442) (20)
Special termination benefits 61 14 15 41
Currency adjustments — 216 — 435
Projected benefit obligation at December 31 $ 4,963 $ 4,236 $ 5,557 $ 4,067
Change in Plan Assets
Fair value of plan assets at January 1 $ 6,820 $ 3,419 $ 6,593 $ 2,927
Acquisitions/divestitures — 2 — —
Actual return on plan assets 1,227 260 1,006 283
Employer contributions 38 74 57 131
Participant contributions — 10 — 16
Settlements (579) (57) (442) (13)
Benefit payments (408) (274) (394) (261)
Currency adjustments — 207 — 336
Fair value of plan assets at December 31 $ 7,098 $ 3,641 $ 6,820 $ 3,419
Over (Under) Funded Status at December 31 $ 2,135 $ (595) $ 1,263 $ (648)
Accumulated benefit obligation at December 31 $ 4,708 $ 4,097 $ 5,199 $ 3,888
Amounts recognized in the Consolidated Statement of Financial Position for all major funded and unfunded U.S. and Non-U.S. defined benefit plans are
as follows:
As of December 31,
(in millions) 2007 2006
U.S. Non-U.S. U.S. Non-U.S.
Other long-term assets $ 2,353 $ 105 $ 1,514 $ 63
Accounts payable and other current liabilities (22) (1) (19) (1)
Pension and other postretirement liabilities (196) (699) (232) (710)
Net amount recognized $ 2,135 $ (595) $ 1,263 $ (648)