Kodak 2009 Annual Report Download - page 97

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Pension (income) expense from continuing operations for all defined benefit plans included:
For the Year Ended December 31,
(in millions) 2009 2008 2007
U.S. Non-U.S. U.S. Non-U.S. U.S. Non-U.S.
Major defined benefit plans:
Service cost $ 52 $ 15 $ 54 $ 20 $ 71 $ 27
Interest cost 293 181 307 218 304 204
Expected return on plan assets (486) (208) (545) (259) (537) (258)
Amortization of:
Prior service cost 2 1 1 1 - 1
Actuarial loss 5 13 4 48 6 57
Pension (income) expense before special
termination benefits, curtailments and
settlements (134) 2 (179) 28 (156) 31
Special termination benefits 78 5 36 4 61 14
Curtailment gains - (1) (13) (6) (25) (4)
Settlement losses (gains) - 1 - - (61) (4)
Net pension (income) expense for major
defined benefit plans (56) 7 (156) 26 (181) 37
Other plans including unfunded plans - 3 - 9 - 13
Net pension (income) expense from
continuing operations $ (56) $ 10 $ (156) $ 35 $ (181) $ 50
The special termination benefits of $83 million, $40 million, and $75 million for the years ended December 31, 2009, 2008, and 2007,
respectively, were incurred as a result of the Company's restructuring actions and, therefore, have been included in Restructuring
costs, rationalization and other in the Consolidated Statement of Operations for those respective periods. In addition, curtailment and
settlement gains for the major funded and unfunded U.S. and Non-U.S. defined benefit plans totaling $14 million and $0 for 2008,
and $32 million and $51 million for 2007 were also incurred as a result of the Company's restructuring actions and, therefore, have
been included in Restructuring costs, rationalization and other in the Consolidated Statement of Operations for those respective
periods. There was no impact of curtailments or settlements incurred as a result of the Company’s restructuring actions in 2009.
The weighted-average assumptions used to determine the benefit obligation amounts as of the end of the year for all major funded
and unfunded U.S. and Non-U.S. defined benefit plans were as follows:
As of December 31,
2009 2008
U.S. Non-U.S. U.S. Non-U.S.
Discount rate 5.75% 5.41% 7.00% 5.93%
Salary increase rate 3.89% 3.86% 4.06% 3.42%
The weighted-average assumptions used to determine net pension (income) expense for all the major funded and unfunded U.S.
and Non-U.S. defined benefit plans were as follows:
For the Year Ended December 31,
2009 2008 2007
U.S. Non-U.S. U.S. Non-U.S. U.S. Non-U.S.
Discount rate 6.76% 5.91% 6.52% 5.77% 6.12% 5.36%
Salary increase rate 3.99% 3.45% 4.51% 3.92% 4.59% 3.84%
Expected long-term rate of
return on plan assets 8.49% 7.28% 8.99% 7.71% 8.99% 8.02%