Kodak 2010 Annual Report Download - page 81
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79
Information regarding the major funded and unfunded U.S. and Non-U.S. defined benefit plans follows:
(in millions)
2010
2009
U.S.
Non-U.S.
U.S.
Non-U.S.
Change in Benefit Obligation
Projected benefit obligation at January 1
$ 4,842
$ 3,527
$ 4,602
$ 2,958
Acquisitions/divestitures/other transfers
-
-
(1)
2
Service cost
48
14
52
14
Interest cost
263
177
293
178
Participant contributions
-
3
-
9
Plan amendments
-
45
-
3
Benefit payments
(511)
(218)
(663)
(235)
Actuarial loss
402
181
500
374
Curtailments
-
(5)
(19)
(3)
Settlements
-
(2)
-
(1)
Special termination benefits
27
1
78
5
Currency adjustments
-
(87)
-
223
Projected benefit obligation at December 31
$ 5,071
$ 3,636
$ 4,842
$ 3,527
Change in Plan Assets
Fair value of plan assets at January 1
$ 4,758
$ 2,502
$ 5,098
$ 2,317
Acquisitions/divestitures
-
-
-
4
Actual gain on plan assets
592
320
292
151
Employer contributions
22
90
31
88
Participant contributions
-
3
-
9
Settlements
-
(2)
-
(1)
Benefit payments
(511)
(218)
(663)
(235)
Currency adjustments
-
(61)
-
169
Fair value of plan assets at December 31
$ 4,861
$ 2,634
$ 4,758
$ 2,502
Under Funded Status at December 31
$ (210)
$ (1,002)
$ (84)
$ (1,025)
Accumulated benefit obligation at December 31
$ 4,881
$ 3,545
$ 4,683
$ 3,436
As a result of a legislative change in November 2010, a French defined benefit pension plan was amended to reflect a change in the
Social Security retirement age. The legislative change requires the minimum retirement age be extended up to 2 years, phasing in at
a rate of 4 months per year until 2018. This amendment increased the projected benefit obligation in 2010 by $33 million, which is
reflected in the plan amendments line in the table above.
Amounts recognized in the Consolidated Statement of Financial Position for all major funded and unfunded U.S. and Non-U.S.
defined benefit plans were as follows:
As of December 31,
(in millions)
2010
2009
U.S.
Non-U.S.
U.S.
Non-U.S.
Other long-term assets
$ 18
$ 21
$ 131
$ 15
Accounts payable and other current liabilities
(19)
-
(21)
-
Pension and other postretirement liabilities
(209)
(1,023)
(194)
(1,040)
Net amount recognized
$ (210)
$ (1,002)
$ (84)
$ (1,025)