Kodak 2008 Annual Report Download - page 95
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93
The estimated prior service credit and net actuarial loss that will be amortized from Accumulated other comprehensive income (loss)
into net periodic benefit cost over the next fiscal year is $70 million and $19 million, respectively.
The U.S. plan represents approximately 95% of the total other postretirement net benefit obligation as of December 31, 2008 and
2007 and, therefore, the weighted-average assumptions used to compute the other postretirement benefit amounts approximate the
U.S. assumptions.
The weighted-average assumptions used to determine the net benefit obligations were as follows:
As of December 31,
2008
2007
Discount rate 7.00%
6.46%
Salary increase rate 4.00%
4.38%
The weighted-average assumptions used to determine the net postretirement benefit cost were as follows:
For the Year Ended December 31,
2008
2007
Discount rate 7.23%
5.98%
Salary increase rate 4.48%
4.49%
The weighted-average assumed healthcare cost trend rates used to compute the other postretirement amounts were as follows:
2008 2007
Healthcare cost trend 8.00% 8.00%
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 2012 2011
Assumed healthcare cost trend rates have a significant effect on the amounts reported for the healthcare plans. A one-percentage
point change in assumed healthcare cost trend rates would have the following effects:
(in millions) 1% increase
1% decrease
Effect on total service and interest cost $ 2
$(2)
Effect on postretirement benefit obligation 33
(29)
The Company expects to make $175 million of benefit payments for its unfunded other postretirement benefit plans in 2009.
The following other postretirement benefits, which reflect expected future service, are expected to be paid:
(in millions)
2009 $ 175
2010 167
2011 159
2012 156
2013 142
2014-2018 610