Kodak 2007 Annual Report Download - page 84
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83
The weighted-average assumptions used to determine the net benefit obligations were as follows:
As of December 31,
2007 2006
Discount rate 6.46% 5.73%
Salary increase rate 4.38% 4.22%
The weighted-average assumptions used to determine the net postretirement benefit cost were as follows:
For the Year Ended December 31,
2007 2006
Discount rate 5.98% 5.79%
Salary increase rate 4.49% 4.26%
The weighted-average assumed healthcare cost trend rates used to compute the other postretirement amounts were as follows:
2007 2006
Healthcare cost trend 8.00% 9.00%
Rate to which the cost trend rate is assumed to decline
(the ultimate trend rate)
5.00%
5.00%
Year that the rate reaches the ultimate trend rate 2011 2011
Assumed healthcare cost trend rates have a significant effect on the amounts reported for the healthcare plans. A one-percentage point change in as-
sumed healthcare cost trend rates would have the following effects:
(in millions) 1% increase 1% decrease
Effect on total service and interest cost $ 1 $ (5)
Effect on postretirement benefit obligation 48 (25)
The Company expects to make $209 million of benefit payments for its unfunded other postretirement benefit plans in 2008.
The following other postretirement benefits, which reflect expected future service, are expected to be paid:
(in millions)
2008 $ 209
2009 210
2010 210
2011 209
2012 206
2013-2017 1,008