Kodak 2008 Annual Report Download - page 94
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92
Amounts recognized in the Consolidated Statement of Financial Position for the Company's U.S., United Kingdom, and Canada
plans consisted of:
As of December 31,
(in millions) 2008
2007
Current liabilities $ (175)
$ (209)
Pension and other postretirement liabilities (1,296)
(2,315)
$ (1,471)
$ (2,524)
Amounts recognized in Accumulated other comprehensive income (loss) for the Company's U.S., United Kingdom, and Canada
plans consisted of:
As of December 31,
(in millions) 2008 2007
Prior service credit $ (831) $ (145)
Net actuarial loss 380 538
$ (451) $ 393
Changes in benefit obligations recognized in other comprehensive income (loss) during 2008 for the Company’s U.S., United
Kingdom, and Canada plans follows:
(in millions)
Newly established gain $ (141)
Newly established prior service credit (825)
Amortization of:
Prior service credit 53
Net loss (17)
Prior service credit recognized due to curtailment 85
Total amount recognized in Other comprehensive
income (loss) $ (845)
Other postretirement benefit cost from continuing operations for the Company's U.S., United Kingdom and Canada plans included:
For the Year Ended December 31,
(in millions) 2008
2007
2006
Components of net postretirement benefit cost
Service cost $ 4
$8
$11
Interest cost 136
165
166
Amortization of:
Prior service credit (53)
(38)
(46)
Actuarial loss 17
49
50
Other postretirement benefit cost before curtailment and
settlement gains 104
184
181
Curtailment gains (86)
(8)
(17)
Settlement gains (2)
(1)
-
Net other postretirement benefit cost from continuing operations $16
$ 175
$ 164
Included in the curtailment gains of $86 million for the year ended December 31, 2008 was a $79 million curtailment gain related to
changes to the Company’s U.S. postretirement benefit plan affecting its post-September 1991 retirees beginning January 1, 2009, as
discussed above.